Services, value added in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added was 5.1% in 2024. ◆ Volatile
Services, value added in Turks and Caicos Islands, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Turks and Caicos Islands recorded 5.1% for services, value added in 2024.
The figure is down 66.5% on the previous year and up 2.7% over ten years.
Over the whole period, services, value added in Turks and Caicos Islands peaked at 66.6% in 2017 and was at its lowest, -36.2%, in 2020.
That places Turks and Caicos Islands 50th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Turks and Caicos Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2008 | 12.7% | — |
| 2009 | -16.8% | -232.6% |
| 2010 | 2.7% | -115.8% |
| 2011 | 4.6% | +73.0% |
| 2012 | -4.2% | -190.6% |
| 2013 | 0.7% | -117.1% |
| 2014 | 5.0% | +600.7% |
| 2015 | 8.5% | +69.8% |
| 2016 | 8.6% | +1.8% |
| 2017 | 66.6% | +673.6% |
| 2018 | 6.0% | -91.1% |
| 2019 | 6.2% | +3.4% |
| 2020 | -36.2% | -688.1% |
| 2021 | 32.0% | -188.4% |
| 2022 | 13.4% | -58.1% |
| 2023 | 15.2% | +13.8% |
| 2024 | 5.1% | -66.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.1% | -16.8% | 12.7% | 2 |
| 2010s | 10.4% | -4.2% | 66.6% | 10 |
| 2020s | 5.9% | -36.2% | 32.0% | 5 |
Countries ranked near Turks and Caicos Islands
- 47 Papua New Guinea 5.2% compare
- 48 Kazakhstan 5.2% compare
- 49 Tonga 5.2% compare
- 51 Kenya 5.0% compare
- 52 Chad 5.0% compare
- 53 Sint Maarten (Dutch part) 4.9% compare
More economy & growth data for Turks and Caicos Islands
- GDP (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (2024)
- GNI, Atlas method (current US$), per capita 36,764 current US$ per person (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9802 current US$ 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)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Turks and Caicos Islands?
- Services, value added in Turks and Caicos Islands was 5.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Turks and Caicos Islands?
- The highest recorded value was 66.6% in 2017.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was -36.2% in 2020.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 50th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 2.7%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.