Services, value added (constant 2015 US$) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant 2015 US$) was 1.91 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Turks and Caicos Islands is 1.91 billion constant 2015 US$, measured in 2024. That is the highest value across all 18 years on record.
The figure is up 5.1% on the previous year and up 155.3% over ten years.
Over the whole period, services, value added in Turks and Caicos Islands peaked at 1.91 billion constant 2015 US$ in 2024 and was at its lowest, 688.43 million constant 2015 US$, in 2009.
That places Turks and Caicos Islands 167th out of 196 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Services, value added (constant 2015 US$) in Turks and Caicos Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 734.43 million constant 2015 US$ | — |
| 2008 | 827.49 million constant 2015 US$ | +12.7% |
| 2009 | 688.43 million constant 2015 US$ | -16.8% |
| 2010 | 706.69 million constant 2015 US$ | +2.7% |
| 2011 | 739.11 million constant 2015 US$ | +4.6% |
| 2012 | 708.39 million constant 2015 US$ | -4.2% |
| 2013 | 713.42 million constant 2015 US$ | +0.7% |
| 2014 | 748.94 million constant 2015 US$ | +5.0% |
| 2015 | 812.23 million constant 2015 US$ | +8.5% |
| 2016 | 882.11 million constant 2015 US$ | +8.6% |
| 2017 | 1.47 billion constant 2015 US$ | +66.5% |
| 2018 | 1.56 billion constant 2015 US$ | +6.0% |
| 2019 | 1.65 billion constant 2015 US$ | +6.2% |
| 2020 | 1.05 billion constant 2015 US$ | -36.2% |
| 2021 | 1.39 billion constant 2015 US$ | +32.0% |
| 2022 | 1.58 billion constant 2015 US$ | +13.4% |
| 2023 | 1.82 billion constant 2015 US$ | +15.2% |
| 2024 | 1.91 billion constant 2015 US$ | +5.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.91 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 3% of the median. (69 countries reporting)
- Turks and Caicos Islands's 1.91 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 12.34 billion constant 2015 US$, 15% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$) 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 | +66.5% | 882.11 million constant 2015 US$ | 1.47 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 750.12 million constant 2015 US$ | 688.43 million constant 2015 US$ | 827.49 million constant 2015 US$ | 3 |
| 2010s | 998.90 million constant 2015 US$ | 706.69 million constant 2015 US$ | 1.65 billion constant 2015 US$ | 10 |
| 2020s | 1.55 billion constant 2015 US$ | 1.05 billion constant 2015 US$ | 1.91 billion constant 2015 US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 164 Eswatini 2.63 billion constant 2015 US$ compare
- 165 Aruba 2.48 billion constant 2015 US$ compare
- 166 Burundi 1.93 billion constant 2015 US$ compare
- 168 Bhutan 1.90 billion constant 2015 US$ compare
- 169 Greenland 1.75 billion constant 2015 US$ compare
- 170 Cape Verde 1.70 billion constant 2015 US$ compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (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)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (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 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ 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 1.91 billion constant 2015 US$ 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 1.91 billion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 688.43 million constant 2015 US$ in 2009.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 167th 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 155.3%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.