Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 1.1 constant 2015 US$ per US$ of GDP in 2024. ▲ Rising
Services, value added (constant 2015 US$), per unit of GDP in Turks and Caicos Islands, 2007–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Turks and Caicos Islands recorded 1.1 constant 2015 US$ per US$ of GDP for services, value added (constant 2015 us$), per unit of gdp in 2024.
Compared with earlier readings it is down 1.3% on the previous year and up 39.9% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Turks and Caicos Islands peaked at 1.23 constant 2015 US$ per US$ of GDP in 2017 and was at its lowest, 0.7338 constant 2015 US$ per US$ of GDP, in 2016.
That places Turks and Caicos Islands 2nd out of 195 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Turks and Caicos Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2007 | 0.9495 constant 2015 US$ per US$ of GDP | — |
| 2008 | 0.9592 constant 2015 US$ per US$ of GDP | +1.0% |
| 2009 | 0.979 constant 2015 US$ per US$ of GDP | +2.1% |
| 2010 | 1.03 constant 2015 US$ per US$ of GDP | +5.1% |
| 2011 | 0.8768 constant 2015 US$ per US$ of GDP | -14.8% |
| 2012 | 0.8506 constant 2015 US$ per US$ of GDP | -3.0% |
| 2013 | 0.8264 constant 2015 US$ per US$ of GDP | -2.8% |
| 2014 | 0.7829 constant 2015 US$ per US$ of GDP | -5.3% |
| 2015 | 0.7533 constant 2015 US$ per US$ of GDP | -3.8% |
| 2016 | 0.7338 constant 2015 US$ per US$ of GDP | -2.6% |
| 2017 | 1.23 constant 2015 US$ per US$ of GDP | +67.1% |
| 2018 | 1.18 constant 2015 US$ per US$ of GDP | -3.4% |
| 2019 | 1.2 constant 2015 US$ per US$ of GDP | +1.7% |
| 2020 | 1.15 constant 2015 US$ per US$ of GDP | -4.7% |
| 2021 | 1.13 constant 2015 US$ per US$ of GDP | -2.0% |
| 2022 | 1.1 constant 2015 US$ per US$ of GDP | -2.2% |
| 2023 | 1.11 constant 2015 US$ per US$ of GDP | +0.9% |
| 2024 | 1.1 constant 2015 US$ per US$ of GDP | -1.3% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.1 constant 2015 US$ per US$ of GDP is above the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 2.1× the median. (69 countries reporting)
- Turks and Caicos Islands's 1.1 constant 2015 US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5212 constant 2015 US$ per US$ of GDP, 2.1× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Turks and Caicos Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +67.1% | 0.7338 constant 2015 US$ per US$ of GDP | 1.23 constant 2015 US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9626 constant 2015 US$ per US$ of GDP | 0.9495 constant 2015 US$ per US$ of GDP | 0.979 constant 2015 US$ per US$ of GDP | 3 |
| 2010s | 0.9468 constant 2015 US$ per US$ of GDP | 0.7338 constant 2015 US$ per US$ of GDP | 1.23 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 1.12 constant 2015 US$ per US$ of GDP | 1.1 constant 2015 US$ per US$ of GDP | 1.15 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (current US$), annual 4.89 % change on previous year (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant 2015 US$), 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)
- Manufacturing, value added (constant LCU), per capita 150.64 constant LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7953 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), per unit of gdp in Turks and Caicos Islands?
- Services, value added (constant 2015 us$), per unit of gdp in Turks and Caicos Islands was 1.1 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 1.23 constant 2015 US$ per US$ of GDP in 2017.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.7338 constant 2015 US$ per US$ of GDP in 2016.
- How does Turks and Caicos Islands rank for services, value added (constant 2015 us$), per unit of gdp?
- Turks and Caicos Islands ranks 2nd out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 39.9%. The long-run trend across the full record is rising.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.