Services, value added (current LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (current LCU) was 1.27 billion current LCU in 2024. ▲ Rising
Services, value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Turks and Caicos Islands is 1.27 billion current LCU, measured in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 73.9% over ten years.
Over the whole period, services, value added in Turks and Caicos Islands peaked at 1.27 billion current LCU in 2024 and was at its lowest, 254.05 million current LCU, in 2000.
Turks and Caicos Islands ranks 198th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added (current LCU) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 254.05 million current LCU | — |
| 2001 | 287.92 million current LCU | +13.3% |
| 2002 | 288.77 million current LCU | +0.3% |
| 2003 | 310.51 million current LCU | +7.5% |
| 2004 | 360.28 million current LCU | +16.0% |
| 2005 | 423.35 million current LCU | +17.5% |
| 2006 | 516.20 million current LCU | +21.9% |
| 2007 | 578.90 million current LCU | +12.1% |
| 2008 | 668.05 million current LCU | +15.4% |
| 2009 | 568.83 million current LCU | -14.9% |
| 2010 | 572.90 million current LCU | +0.7% |
| 2011 | 665.00 million current LCU | +16.1% |
| 2012 | 648.08 million current LCU | -2.5% |
| 2013 | 670.71 million current LCU | +3.5% |
| 2014 | 728.88 million current LCU | +8.7% |
| 2015 | 812.23 million current LCU | +11.4% |
| 2016 | 925.34 million current LCU | +13.9% |
| 2017 | 912.76 million current LCU | -1.4% |
| 2018 | 995.97 million current LCU | +9.1% |
| 2019 | 1.07 billion current LCU | +7.8% |
| 2020 | 693.10 million current LCU | -35.5% |
| 2021 | 915.59 million current LCU | +32.1% |
| 2022 | 1.04 billion current LCU | +13.5% |
| 2023 | 1.21 billion current LCU | +16.1% |
| 2024 | 1.27 billion current LCU | +5.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.27 billion current LCU is below the median for high income countries, which is 204.15 billion current LCU, 1% of the median. (77 countries reporting)
- Turks and Caicos Islands's 1.27 billion current LCU is below the median for Latin America & Caribbean, which is 74.52 billion current LCU, 2% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 425.69 million current LCU | 254.05 million current LCU | 668.05 million current LCU | 10 |
| 2010s | 800.58 million current LCU | 572.90 million current LCU | 1.07 billion current LCU | 10 |
| 2020s | 1.02 billion current LCU | 693.10 million current LCU | 1.27 billion current LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 195 Saint Kitts and Nevis 2.11 billion current LCU compare
- 196 Liberia 2.10 billion current LCU compare
- 197 East Timor 1.34 billion current LCU compare
- 199 Dominica 1.12 billion current LCU compare
- 200 San Marino 1.07 billion current LCU compare
- 201 Tonga 761.45 million current LCU 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 1.27 billion current 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 1.27 billion current LCU in 2024.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 254.05 million current LCU in 2000.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 198th out of 206 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 73.9%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.