Services, value added (constant 2015 US$), annual growth rate (2015) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant 2015 US$), annual growth rate (2015) was 5.11 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Turks and Caicos Islands recorded 5.11 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2024.
Compared with earlier readings it is down 66.5% on the previous year and up 2.7% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Turks and Caicos Islands peaked at 66.55 % change on previous year in 2017 and was at its lowest, -36.19 % change on previous year, in 2020.
That places Turks and Caicos Islands 50th out of 195 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate (2015) in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | 12.67 % change on previous year | — |
| 2009 | -16.8 % change on previous year | -232.6% |
| 2010 | 2.65 % change on previous year | -115.8% |
| 2011 | 4.59 % change on previous year | +73.0% |
| 2012 | -4.16 % change on previous year | -190.6% |
| 2013 | 0.7105 % change on previous year | -117.1% |
| 2014 | 4.98 % change on previous year | +600.7% |
| 2015 | 8.45 % change on previous year | +69.8% |
| 2016 | 8.6 % change on previous year | +1.8% |
| 2017 | 66.55 % change on previous year | +673.6% |
| 2018 | 5.95 % change on previous year | -91.1% |
| 2019 | 6.15 % change on previous year | +3.4% |
| 2020 | -36.19 % change on previous year | -688.1% |
| 2021 | 32 % change on previous year | -188.4% |
| 2022 | 13.4 % change on previous year | -58.1% |
| 2023 | 15.25 % change on previous year | +13.8% |
| 2024 | 5.11 % change on previous year | -66.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.11 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 2.4× the median. (69 countries reporting)
- Turks and Caicos Islands's 5.11 % change on previous year is above the median for Latin America & Caribbean, which is 3.32 % change on previous year, 1.5× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.07 % change on previous year | -16.8 % change on previous year | 12.67 % change on previous year | 2 |
| 2010s | 10.45 % change on previous year | -4.16 % change on previous year | 66.55 % change on previous year | 10 |
| 2020s | 5.91 % change on previous year | -36.19 % change on previous year | 32 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 47 Papua New Guinea 5.24 % change on previous year compare
- 48 Kazakhstan 5.2 % change on previous year compare
- 49 Tonga 5.19 % change on previous year compare
- 51 Kenya 5.03 % change on previous year compare
- 52 Chad 5.02 % change on previous year compare
- 53 Sint Maarten (Dutch part) 4.94 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- Services, value added (current US$), per capita 27,243 current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 131.9 current LCU per person (2024)
- Services, value added (current LCU), per capita 27,243 current LCU per person (2024)
- Services, value added (current LCU), per unit of GDP 0.7264 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.12 % change on previous year (2024)
- Services, value added (current LCU), annual growth rate 5.13 % change on previous year (2024)
- Services, value added (current US$), annual growth rate 5.13 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 3,425 constant LCU per person (2024)
- Services, value added (constant 2015 US$), per unit of GDP 1.1 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Turks and Caicos Islands?
- Services, value added (constant 2015 us$), annual growth rate in Turks and Caicos Islands was 5.11 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Turks and Caicos Islands?
- The highest recorded value was 66.55 % change on previous year in 2017.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Turks and Caicos Islands?
- The lowest recorded value was -36.19 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for services, value added (constant 2015 us$), annual growth rate?
- Turks and Caicos Islands ranks 50th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.