Manufacturing, value added in Turks and Caicos Islands
Turks and Caicos Islands: Manufacturing, value added was 1.5% in 2024. ◆ Volatile
Manufacturing, value added in Turks and Caicos Islands, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Turks and Caicos Islands recorded 1.5% for manufacturing, value added in 2024.
The figure is up 180.1% on the previous year and down 78.7% over ten years.
Over the whole period, manufacturing, value added in Turks and Caicos Islands peaked at 31.8% in 2022 and was at its lowest, -31.7%, in 2012.
That places Turks and Caicos Islands 119th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Turks and Caicos Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2008 | -13.9% | — |
| 2009 | -5.7% | -59.0% |
| 2010 | -24.6% | +329.5% |
| 2011 | 0.6% | -102.5% |
| 2012 | -31.7% | -5275.8% |
| 2013 | 6.1% | -119.1% |
| 2014 | 7.0% | +15.4% |
| 2015 | -3.2% | -146.3% |
| 2016 | -1.0% | -69.9% |
| 2017 | 26.9% | -2864.4% |
| 2018 | -2.2% | -108.1% |
| 2019 | -11.0% | +405.1% |
| 2020 | -6.3% | -43.1% |
| 2021 | 5.6% | -189.0% |
| 2022 | 31.8% | +470.3% |
| 2023 | -1.9% | -105.9% |
| 2024 | 1.5% | -180.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.8% | -13.9% | -5.7% | 2 |
| 2010s | -3.3% | -31.7% | 26.9% | 10 |
| 2020s | 6.1% | -6.3% | 31.8% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (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) (current LCU), annual growth 5.09 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added in Turks and Caicos Islands?
- Manufacturing, value added in Turks and Caicos Islands was 1.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Turks and Caicos Islands?
- The highest recorded value was 31.8% in 2022.
- What is the lowest manufacturing, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was -31.7% in 2012.
- How does Turks and Caicos Islands rank for manufacturing, value added?
- Turks and Caicos Islands ranks 119th out of 192 countries with data for 2024.
- Is manufacturing, value added rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 78.7%. 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 Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.