Services, value added (constant 2015 US$), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant 2015 US$), annual growth rate 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 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% |
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
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GNI, Atlas method (current US$), 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 (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (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.