Services, value added (constant LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (constant LCU) was 1.22 billion constant LCU in 2024. ▲ Rising
Services, value added in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Turks and Caicos Islands is 1.22 billion constant LCU, measured in 2024. That is the highest value across all 18 years on record.
That represents a change of 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 1.22 billion constant LCU in 2024 and was at its lowest, 440.49 million constant LCU, in 2009.
Turks and Caicos Islands ranks 191st of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Services, value added (constant LCU) in Turks and Caicos Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 469.92 million constant LCU | — |
| 2008 | 529.46 million constant LCU | +12.7% |
| 2009 | 440.49 million constant LCU | -16.8% |
| 2010 | 452.17 million constant LCU | +2.7% |
| 2011 | 472.91 million constant LCU | +4.6% |
| 2012 | 453.26 million constant LCU | -4.2% |
| 2013 | 456.48 million constant LCU | +0.7% |
| 2014 | 479.20 million constant LCU | +5.0% |
| 2015 | 519.70 million constant LCU | +8.5% |
| 2016 | 564.41 million constant LCU | +8.6% |
| 2017 | 940.02 million constant LCU | +66.6% |
| 2018 | 995.97 million constant LCU | +6.0% |
| 2019 | 1.06 billion constant LCU | +6.2% |
| 2020 | 674.60 million constant LCU | -36.2% |
| 2021 | 890.45 million constant LCU | +32.0% |
| 2022 | 1.01 billion constant LCU | +13.4% |
| 2023 | 1.16 billion constant LCU | +15.2% |
| 2024 | 1.22 billion constant LCU | +5.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.22 billion constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 1% of the median. (70 countries reporting)
- Turks and Caicos Islands's 1.22 billion constant LCU is below the median for Latin America & Caribbean, which is 71.16 billion constant LCU, 2% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant LCU) 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 | +66.6% | 564.41 million constant LCU | 940.02 million constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 479.95 million constant LCU | 440.49 million constant LCU | 529.46 million constant LCU | 3 |
| 2010s | 639.14 million constant LCU | 452.17 million constant LCU | 1.06 billion constant LCU | 10 |
| 2020s | 992.39 million constant LCU | 674.60 million constant LCU | 1.22 billion constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 188 Grenada 1.71 billion constant LCU compare
- 189 Saint Kitts and Nevis 1.67 billion constant LCU compare
- 190 Liberia 1.61 billion constant LCU compare
- 192 East Timor 1.17 billion constant LCU compare
- 193 Dominica 1.03 billion constant LCU compare
- 194 San Marino 805.90 million constant LCU compare
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (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)
- Manufacturing, value added (current LCU), per unit of GDP 0.0045 current LCU per US$ of GDP (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- Manufacturing, value added (current LCU), per capita 167.64 current LCU per person (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0052 constant 2015 US$ 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 1.22 billion constant LCU 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 1.22 billion constant LCU in 2024.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 440.49 million constant LCU in 2009.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 191st out of 199 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defence, 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 varies by country. This series is expressed in local currency units.