Net secondary income (Net current transfers from abroad) in Turks and Caicos Islands
Turks and Caicos Islands: Net secondary income (Net current transfers from abroad) was -108.50 million current LCU in 2024. ▼ Falling
Net secondary income (Net current transfers from abroad) in Turks and Caicos Islands, 2014–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for net secondary income (net current transfers from abroad) in Turks and Caicos Islands is -108.50 million current LCU, measured in 2024. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 12.9% on the previous year and down 116.1% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Turks and Caicos Islands peaked at -48.40 million current LCU in 2015 and was at its lowest, -108.50 million current LCU, in 2024.
That places Turks and Caicos Islands 147th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Net secondary income (Net current transfers from abroad) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2014 | -50.20 million current LCU | — |
| 2015 | -48.40 million current LCU | -3.6% |
| 2016 | -59.10 million current LCU | +22.1% |
| 2017 | -66.60 million current LCU | +12.7% |
| 2018 | -84.50 million current LCU | +26.9% |
| 2019 | -90.30 million current LCU | +6.9% |
| 2020 | -84.00 million current LCU | -7.0% |
| 2021 | -67.20 million current LCU | -20.0% |
| 2022 | -84.80 million current LCU | +26.2% |
| 2023 | -96.10 million current LCU | +13.3% |
| 2024 | -108.50 million current LCU | +12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -66.52 million current LCU | -90.30 million current LCU | -48.40 million current LCU | 6 |
| 2020s | -88.12 million current LCU | -108.50 million current LCU | -67.20 million current LCU | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), annual growth rate 13.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (2024)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Turks and Caicos Islands?
- Net secondary income (net current transfers from abroad) in Turks and Caicos Islands was -108.50 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Turks and Caicos Islands?
- The highest recorded value was -48.40 million current LCU in 2015.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Turks and Caicos Islands?
- The lowest recorded value was -108.50 million current LCU in 2024.
- How does Turks and Caicos Islands rank for net secondary income (net current transfers from abroad)?
- Turks and Caicos Islands ranks 147th out of 203 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 116.1%. 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 Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.