Manufacturing, value added (current US$) in Turks and Caicos Islands
Turks and Caicos Islands: Manufacturing, value added (current US$) was 7.80 million current US$ in 2024. ▼ Falling
Manufacturing, value added in Turks and Caicos Islands, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, manufacturing, value added in Turks and Caicos Islands stood at 7.80 million current US$.
The figure is 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 US$ in 2007 and was at its lowest, 4.97 million current US$, in 2012.
That places Turks and Caicos Islands 200th out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Manufacturing, value added (current US$) in Turks and Caicos Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 10.64 million current US$ | — |
| 2002 | 10.36 million current US$ | -2.7% |
| 2003 | 11.36 million current US$ | +9.6% |
| 2004 | 11.31 million current US$ | -0.4% |
| 2005 | 11.91 million current US$ | +5.3% |
| 2006 | 12.42 million current US$ | +4.3% |
| 2007 | 14.50 million current US$ | +16.7% |
| 2008 | 13.69 million current US$ | -5.6% |
| 2009 | 13.43 million current US$ | -1.9% |
| 2010 | 8.61 million current US$ | -35.9% |
| 2011 | 7.11 million current US$ | -17.4% |
| 2012 | 4.97 million current US$ | -30.1% |
| 2013 | 5.59 million current US$ | +12.6% |
| 2014 | 6.06 million current US$ | +8.3% |
| 2015 | 6.36 million current US$ | +4.9% |
| 2016 | 6.37 million current US$ | +0.2% |
| 2017 | 6.25 million current US$ | -1.9% |
| 2018 | 6.06 million current US$ | -2.9% |
| 2019 | 5.40 million current US$ | -10.9% |
| 2020 | 4.99 million current US$ | -7.6% |
| 2021 | 6.46 million current US$ | +29.5% |
| 2022 | 8.37 million current US$ | +29.5% |
| 2023 | 7.69 million current US$ | -8.2% |
| 2024 | 7.80 million current US$ | +1.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 7.80 million current US$ is below the median for high income countries, which is 12.50 billion current US$, 0% of the median. (75 countries reporting)
- Turks and Caicos Islands's 7.80 million current US$ is below the median for Latin America & Caribbean, which is 3.69 billion current US$, 0% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.18 million current US$ | 10.36 million current US$ | 14.50 million current US$ | 9 |
| 2010s | 6.28 million current US$ | 4.97 million current US$ | 8.61 million current US$ | 10 |
| 2020s | 7.06 million current US$ | 4.99 million current US$ | 8.37 million current US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 197 Sint Maarten (Dutch part) 15.84 million current US$ compare
- 198 Kiribati 14.57 million current US$ compare
- 199 Marshall Islands 9.04 million current US$ compare
- 201 Sao Tome and Principe 5.83 million current US$ compare
- 202 Palau 3.89 million current US$ compare
- 203 Micronesia (country) 2.41 million current US$ compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (constant 2015 US$) 9.05 % change on previous year (2024)
- Services, value added (current US$), annual growth rate 5.13 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 3,425 constant LCU per person (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1688 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), annual 4.89 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.0934 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 3,502 current US$ per person (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 US$ 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 US$ in 2007.
- What is the lowest manufacturing, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 4.97 million current US$ in 2012.
- How does Turks and Caicos Islands rank for manufacturing, value added?
- Turks and Caicos Islands ranks 200th 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 US$). 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 indicator is expressed in United States dollars.