Manufacturing, value added in Turks and Caicos Islands
Turks and Caicos Islands: Manufacturing, value added was 7.01 million constant LCU in 2024. ▼ Falling
Manufacturing, value added in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, manufacturing, value added in Turks and Caicos Islands stood at 7.01 million constant LCU.
That represents a change of up 1.5% on the previous year and up 37.5% over ten years.
Over the whole period, manufacturing, value added in Turks and Caicos Islands peaked at 10.68 million constant LCU in 2007 and was at its lowest, 4.49 million constant LCU, in 2012.
That places Turks and Caicos Islands 189th out of 192 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Manufacturing, value added in Turks and Caicos Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 10.68 million constant LCU | — |
| 2008 | 9.19 million constant LCU | -13.9% |
| 2009 | 8.66 million constant LCU | -5.7% |
| 2010 | 6.54 million constant LCU | -24.6% |
| 2011 | 6.58 million constant LCU | +0.6% |
| 2012 | 4.49 million constant LCU | -31.7% |
| 2013 | 4.76 million constant LCU | +6.1% |
| 2014 | 5.10 million constant LCU | +7.0% |
| 2015 | 4.93 million constant LCU | -3.2% |
| 2016 | 4.88 million constant LCU | -1.0% |
| 2017 | 6.20 million constant LCU | +26.9% |
| 2018 | 6.06 million constant LCU | -2.2% |
| 2019 | 5.40 million constant LCU | -11.0% |
| 2020 | 5.06 million constant LCU | -6.3% |
| 2021 | 5.34 million constant LCU | +5.6% |
| 2022 | 7.04 million constant LCU | +31.8% |
| 2023 | 6.91 million constant LCU | -1.9% |
| 2024 | 7.01 million constant LCU | +1.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 7.01 million constant LCU is below the median for high income countries, which is 29.35 billion constant LCU, 0% of the median. (67 countries reporting)
- Turks and Caicos Islands's 7.01 million constant LCU is below the median for Latin America & Caribbean, which is 15.63 billion constant LCU, 0% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.51 million constant LCU | 8.66 million constant LCU | 10.68 million constant LCU | 3 |
| 2010s | 5.49 million constant LCU | 4.49 million constant LCU | 6.58 million constant LCU | 10 |
| 2020s | 6.27 million constant LCU | 5.06 million constant LCU | 7.04 million constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 186 East Timor 29.00 million constant LCU compare
- 187 Bermuda 27.65 million constant LCU compare
- 188 Kiribati 16.53 million constant LCU compare
- 190 Marshall Islands 3.33 million constant LCU compare
- 191 Palau 3.03 million constant LCU compare
- 192 Micronesia (country) 1.34 million constant LCU compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (2024)
- GNI, Atlas method (current US$), per capita 36,764 current US$ per person (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9802 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 2.69 % change on previous year (2024)
- GDP (constant LCU), per capita 34,867 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.9296 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is manufacturing, value added in Turks and Caicos Islands?
- Manufacturing, value added in Turks and Caicos Islands was 7.01 million constant LCU 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 10.68 million constant LCU in 2007.
- What is the lowest manufacturing, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 4.49 million constant LCU in 2012.
- How does Turks and Caicos Islands rank for manufacturing, value added?
- Turks and Caicos Islands ranks 189th 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 up 37.5%. The long-run trend across the full record is falling.
- 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 (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.