Merchandise trade as a proportion of GDP (%) in Turks and Caicos Islands
Turks and Caicos Islands: Merchandise trade as a proportion of GDP (%) was 26.1% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Turks and Caicos Islands, 2014–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Turks and Caicos Islands stood at 26.1%.
The figure is down 4.4% on the previous year and down 39.5% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Turks and Caicos Islands peaked at 43.1% in 2014 and was at its lowest, 25.9%, in 2019.
That places Turks and Caicos Islands 201st out of 220 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Merchandise trade as a proportion of GDP (%) in Turks and Caicos Islands, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 43.1% | — |
| 2015 | 38.5% | -10.6% |
| 2016 | 32.7% | -15.1% |
| 2017 | 31.2% | -4.5% |
| 2018 | 27.8% | -10.8% |
| 2019 | 25.9% | -7.1% |
| 2020 | 35.8% | +38.4% |
| 2021 | 33.6% | -6.3% |
| 2022 | 33.0% | -1.7% |
| 2023 | 27.3% | -17.3% |
| 2024 | 26.1% | -4.4% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 26.1% is below the median for high income countries, which is 56.9%, 46% of the median. (73 countries reporting)
- Turks and Caicos Islands's 26.1% is below the median for Latin America & Caribbean, which is 43.3%, 60% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 33.2% | 25.9% | 43.1% | 6 |
| 2020s | 31.1% | 26.1% | 35.8% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (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$) 0.1688 constant 2015 US$ per US$ of GDP (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)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Turks and Caicos Islands?
- Merchandise trade as a proportion of gdp in Turks and Caicos Islands was 26.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 43.1% in 2014.
- What is the lowest merchandise trade as a proportion of gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 25.9% in 2019.
- How does Turks and Caicos Islands rank for merchandise trade as a proportion of gdp?
- Turks and Caicos Islands ranks 201st out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is falling.
- Where does this Turks and Caicos Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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