Services, value added (constant LCU), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant LCU), annual growth rate was 5.12 % change on previous year in 2024. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (constant lcu), annual growth rate in Turks and Caicos Islands stood at 5.12 % change on previous year.
Compared with earlier readings it is down 66.5% on the previous year and up 2.8% over ten years.
Over the whole period, services, value added (constant lcu), 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 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 (constant LCU), 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 | 0.7104 % 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 | 5.12 % 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
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (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), annual growth 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 50,305 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,877 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (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 lcu), annual growth rate in Turks and Caicos Islands?
- Services, value added (constant lcu), annual growth rate in Turks and Caicos Islands was 5.12 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), 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 lcu), 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 lcu), annual growth rate?
- Turks and Caicos Islands ranks 50th out of 196 countries with data for 2024.
- Is services, value added (constant lcu), annual growth rate rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 2.8%. 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 LCU), 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 LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.