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 188th out of 191 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.
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
- 185 East Timor 29.00 million constant LCU compare
- 186 Bermuda 27.65 million constant LCU compare
- 187 Kiribati 16.53 million constant LCU compare
- 189 Marshall Islands 3.33 million constant LCU compare
- 190 Palau 3.03 million constant LCU compare
- 191 Micronesia (country) 1.34 million constant LCU compare
More economy & growth data for Turks and Caicos Islands
- GDP per capita 57,179 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.4% (2024)
- Gross domestic product (GDP) 2.66 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 57,179 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -108.50 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -108.50 million current US$ (2024)
- Taxes less subsidies on products 308.51 million current LCU (2024)
- Taxes less subsidies on products 308.51 million current US$ (2024)
- Net primary income (Net income from abroad) -23.50 million current LCU (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 188th out of 191 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.