PPP conversion factor, GDP in Turks and Caicos Islands
Turks and Caicos Islands: PPP conversion factor, GDP was 0.9868 LCU per international $ in 2024. ▲ Rising
PPP conversion factor, GDP in Turks and Caicos Islands, 2007–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
Turks and Caicos Islands recorded 0.9868 LCU per international $ for ppp conversion factor, gdp in 2024.
The figure is down 1.6% on the previous year and down 7.6% over ten years.
Over the whole period, ppp conversion factor, gdp in Turks and Caicos Islands peaked at 1.1 LCU per international $ in 2012 and was at its lowest, 0.8947 LCU per international $, in 2010.
Turks and Caicos Islands ranks 151st of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
PPP conversion factor, GDP in Turks and Caicos Islands, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 2007 | 0.92 LCU per international $ | — |
| 2008 | 0.9298 LCU per international $ | +1.1% |
| 2009 | 0.9363 LCU per international $ | +0.7% |
| 2010 | 0.8947 LCU per international $ | -4.4% |
| 2011 | 1.03 LCU per international $ | +14.9% |
| 2012 | 1.1 LCU per international $ | +6.8% |
| 2013 | 1.07 LCU per international $ | -2.4% |
| 2014 | 1.07 LCU per international $ | -0.3% |
| 2015 | 1.07 LCU per international $ | +0.3% |
| 2016 | 1.05 LCU per international $ | -1.7% |
| 2017 | 0.9972 LCU per international $ | -5.3% |
| 2018 | 1.02 LCU per international $ | +1.8% |
| 2019 | 1.02 LCU per international $ | +0.4% |
| 2020 | 1.06 LCU per international $ | +3.9% |
| 2021 | 1.09 LCU per international $ | +3.0% |
| 2022 | 1.04 LCU per international $ | -5.1% |
| 2023 | 1 LCU per international $ | -3.1% |
| 2024 | 0.9868 LCU per international $ | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9287 LCU per international $ | 0.92 LCU per international $ | 0.9363 LCU per international $ | 3 |
| 2010s | 1.03 LCU per international $ | 0.8947 LCU per international $ | 1.1 LCU per international $ | 10 |
| 2020s | 1.04 LCU per international $ | 0.9868 LCU per international $ | 1.09 LCU per international $ | 5 |
Countries ranked near Turks and Caicos Islands
- 148 British Virgin Islands 1.02 LCU per international $ compare
- 149 Kiribati 1.01 LCU per international $ compare
- 150 United States of America 1 LCU per international $ compare
- 152 Micronesia, Federated States of 0.9587 LCU per international $ compare
- 153 Bahamas 0.9563 LCU per international $ compare
- 154 Marshall Islands 0.947 LCU per international $ compare
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 57,179 units per person (2024)
- Gdp worldbank constant usd, per unit of GDP 1.52 units per US$ of GDP (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)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.9865 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 37,002 current LCU per person (2024)
Frequently asked questions
- What is ppp conversion factor, gdp in Turks and Caicos Islands?
- Ppp conversion factor, gdp in Turks and Caicos Islands was 0.9868 LCU per international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 1.1 LCU per international $ in 2012.
- What is the lowest ppp conversion factor, gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.8947 LCU per international $ in 2010.
- How does Turks and Caicos Islands rank for ppp conversion factor, gdp?
- Turks and Caicos Islands ranks 151st out of 204 countries with data for 2024.
- Is ppp conversion factor, gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 7.6%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.