Manufacturing, value added in Turks and Caicos Islands
Turks and Caicos Islands: Manufacturing, value added was 0.4% in 2024. ◆ Volatile
Manufacturing, value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Turks and Caicos Islands recorded 0.4% for manufacturing, value added in 2024.
Compared with earlier readings it is down 4.7% on the previous year and down 29.4% over ten years.
Over the whole period, manufacturing, value added in Turks and Caicos Islands peaked at 3.4% in 2000 and was at its lowest, 0.4%, in 2019.
That places Turks and Caicos Islands 203rd out of 205 countries with data for 2024, putting it in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 2000 | 3.4% | — |
| 2001 | 3.0% | -12.6% |
| 2002 | 2.8% | -4.8% |
| 2003 | 2.8% | -1.9% |
| 2004 | 2.3% | -15.9% |
| 2005 | 2.1% | -11.6% |
| 2006 | 1.7% | -16.4% |
| 2007 | 1.9% | +8.9% |
| 2008 | 1.6% | -15.3% |
| 2009 | 1.9% | +20.3% |
| 2010 | 1.3% | -34.4% |
| 2011 | 0.8% | -32.7% |
| 2012 | 0.6% | -29.3% |
| 2013 | 0.6% | +8.6% |
| 2014 | 0.6% | -2.3% |
| 2015 | 0.6% | -6.9% |
| 2016 | 0.5% | -10.1% |
| 2017 | 0.5% | -1.6% |
| 2018 | 0.5% | -11.5% |
| 2019 | 0.4% | -14.6% |
| 2020 | 0.5% | +38.0% |
| 2021 | 0.5% | -3.8% |
| 2022 | 0.6% | +11.6% |
| 2023 | 0.5% | -19.6% |
| 2024 | 0.4% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | 1.6% | 3.4% | 10 |
| 2010s | 0.6% | 0.4% | 1.3% | 10 |
| 2020s | 0.5% | 0.4% | 0.6% | 5 |
Countries ranked near Turks and Caicos Islands
- 200 Bahamas 0.6% compare
- 201 Sao Tome and Principe 0.6% compare
- 202 Micronesia, Federated States of 0.5% compare
- 204 Bermuda 0.3% compare
- 205 Venezuela, Bolivarian Republic of 0.0% compare
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 50,305 constant 2015 US$ per person (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) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,877 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.11 % 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 0.4% 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 3.4% in 2000.
- What is the lowest manufacturing, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.4% in 2019.
- How does Turks and Caicos Islands rank for manufacturing, value added?
- Turks and Caicos Islands ranks 203rd 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 down 29.4%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.