Manufacturing, value added (current LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Manufacturing, value added (current LCU) was 7.80 million current LCU in 2024. ▼ Falling
Manufacturing, value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for manufacturing, value added in Turks and Caicos Islands is 7.80 million current LCU, measured in 2024.
That represents a change of up 1.5% on the previous year and up 28.8% over ten years.
Over the whole period, manufacturing, value added in Turks and Caicos Islands peaked at 14.50 million current LCU in 2007 and was at its lowest, 4.97 million current LCU, in 2012.
That places Turks and Caicos Islands 201st out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Manufacturing, value added (current LCU) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 10.84 million current LCU | — |
| 2001 | 10.64 million current LCU | -1.9% |
| 2002 | 10.36 million current LCU | -2.7% |
| 2003 | 11.36 million current LCU | +9.6% |
| 2004 | 11.31 million current LCU | -0.4% |
| 2005 | 11.91 million current LCU | +5.3% |
| 2006 | 12.42 million current LCU | +4.3% |
| 2007 | 14.50 million current LCU | +16.7% |
| 2008 | 13.69 million current LCU | -5.6% |
| 2009 | 13.43 million current LCU | -1.9% |
| 2010 | 8.61 million current LCU | -35.9% |
| 2011 | 7.11 million current LCU | -17.4% |
| 2012 | 4.97 million current LCU | -30.1% |
| 2013 | 5.59 million current LCU | +12.6% |
| 2014 | 6.06 million current LCU | +8.3% |
| 2015 | 6.36 million current LCU | +4.9% |
| 2016 | 6.37 million current LCU | +0.2% |
| 2017 | 6.25 million current LCU | -1.9% |
| 2018 | 6.06 million current LCU | -2.9% |
| 2019 | 5.40 million current LCU | -10.9% |
| 2020 | 4.99 million current LCU | -7.6% |
| 2021 | 6.46 million current LCU | +29.5% |
| 2022 | 8.37 million current LCU | +29.5% |
| 2023 | 7.69 million current LCU | -8.2% |
| 2024 | 7.80 million current LCU | +1.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 7.80 million current LCU is below the median for high income countries, which is 34.51 billion current LCU, 0% of the median. (75 countries reporting)
- Turks and Caicos Islands's 7.80 million current LCU is below the median for Latin America & Caribbean, which is 29.06 billion current LCU, 0% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.05 million current LCU | 10.36 million current LCU | 14.50 million current LCU | 10 |
| 2010s | 6.28 million current LCU | 4.97 million current LCU | 8.61 million current LCU | 10 |
| 2020s | 7.06 million current LCU | 4.99 million current LCU | 8.37 million current LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 198 Sint Maarten (Dutch part) 28.35 million current LCU compare
- 199 Kiribati 22.07 million current LCU compare
- 200 Marshall Islands 9.04 million current LCU compare
- 202 Palau 3.89 million current LCU compare
- 203 Micronesia (country) 2.41 million current LCU compare
- 204 Tuvalu 390,000 current 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 7.80 million current 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 14.50 million current LCU in 2007.
- What is the lowest manufacturing, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 4.97 million current LCU in 2012.
- How does Turks and Caicos Islands rank for manufacturing, value added?
- Turks and Caicos Islands ranks 201st out of 205 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 28.8%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.