Inflation, GDP deflator in Turks and Caicos Islands
Turks and Caicos Islands: Inflation, GDP deflator was 0.8% in 2024. ◆ Volatile
Inflation, GDP deflator in Turks and Caicos Islands, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Turks and Caicos Islands recorded 0.8% for inflation, gdp deflator in 2024.
Compared with earlier readings it is up 77.7% on the previous year and down 56.9% over ten years.
Over the whole period, inflation, gdp deflator in Turks and Caicos Islands peaked at 17.3% in 2011 and was at its lowest, -42.9%, in 2017.
Turks and Caicos Islands ranks 182nd of 214 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Turks and Caicos Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2008 | 3.0% | — |
| 2009 | 1.3% | -56.2% |
| 2010 | -3.3% | -349.1% |
| 2011 | 17.3% | -627.4% |
| 2012 | 1.5% | -91.3% |
| 2013 | 2.6% | +69.7% |
| 2014 | 1.9% | -24.8% |
| 2015 | 1.3% | -34.5% |
| 2016 | 3.9% | +212.7% |
| 2017 | -42.9% | -1188.1% |
| 2018 | 2.8% | -106.5% |
| 2019 | -0.6% | -120.8% |
| 2020 | 1.2% | -299.6% |
| 2021 | 3.9% | +234.9% |
| 2022 | 1.7% | -56.9% |
| 2023 | 0.5% | -72.0% |
| 2024 | 0.8% | +77.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | 1.3% | 3.0% | 2 |
| 2010s | -1.5% | -42.9% | 17.3% | 10 |
| 2020s | 1.6% | 0.5% | 3.9% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 50,305 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,877 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.11 % change on previous year (2024)
Frequently asked questions
- What is inflation, gdp deflator in Turks and Caicos Islands?
- Inflation, gdp deflator in Turks and Caicos Islands was 0.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Turks and Caicos Islands?
- The highest recorded value was 17.3% in 2011.
- What is the lowest inflation, gdp deflator recorded in Turks and Caicos Islands?
- The lowest recorded value was -42.9% in 2017.
- How does Turks and Caicos Islands rank for inflation, gdp deflator?
- Turks and Caicos Islands ranks 182nd out of 214 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 56.9%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.