Services, value added (current US$), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (current US$), annual growth rate was 5.13 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Turks and Caicos Islands, 2002–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Turks and Caicos Islands recorded 5.13 % change on previous year for services, value added (current us$), annual growth rate in 2024.
The figure is down 68.1% on the previous year and down 40.9% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Turks and Caicos Islands peaked at 32.1 % change on previous year in 2021 and was at its lowest, -35.46 % change on previous year, in 2020.
Turks and Caicos Islands ranks 156th of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2002 | 0.2956 % change on previous year | — |
| 2003 | 7.53 % change on previous year | +2448.1% |
| 2004 | 16.03 % change on previous year | +112.8% |
| 2005 | 17.5 % change on previous year | +9.2% |
| 2006 | 21.93 % change on previous year | +25.3% |
| 2007 | 12.15 % change on previous year | -44.6% |
| 2008 | 15.4 % change on previous year | +26.8% |
| 2009 | -14.85 % change on previous year | -196.4% |
| 2010 | 0.7169 % change on previous year | -104.8% |
| 2011 | 16.08 % change on previous year | +2142.4% |
| 2012 | -2.54 % change on previous year | -115.8% |
| 2013 | 3.49 % change on previous year | -237.2% |
| 2014 | 8.67 % change on previous year | +148.5% |
| 2015 | 11.44 % change on previous year | +31.8% |
| 2016 | 13.93 % change on previous year | +21.8% |
| 2017 | -1.36 % change on previous year | -109.8% |
| 2018 | 9.12 % change on previous year | -770.4% |
| 2019 | 7.82 % change on previous year | -14.2% |
| 2020 | -35.46 % change on previous year | -553.2% |
| 2021 | 32.1 % change on previous year | -190.5% |
| 2022 | 13.46 % change on previous year | -58.1% |
| 2023 | 16.08 % change on previous year | +19.5% |
| 2024 | 5.13 % change on previous year | -68.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.13 % change on previous year is below the median for high income countries, which is 8.04 % change on previous year, 64% of the median. (77 countries reporting)
- Turks and Caicos Islands's 5.13 % change on previous year is below the median for Latin America & Caribbean, which is 5.66 % change on previous year, 91% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Turks and Caicos Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +2448.1% | 0.2956 % change on previous year | 7.53 % change on previous year |
| 2011 | +2142.4% | 0.7169 % change on previous year | 16.08 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.5 % change on previous year | -14.85 % change on previous year | 21.93 % change on previous year | 8 |
| 2010s | 6.74 % change on previous year | -2.54 % change on previous year | 16.08 % change on previous year | 10 |
| 2020s | 6.26 % change on previous year | -35.46 % change on previous year | 32.1 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 153 East Timor 5.34 % change on previous year compare
- 154 Brazil 5.31 % change on previous year compare
- 155 Botswana 5.15 % change on previous year compare
- 157 Ecuador 5.09 % change on previous year compare
- 158 Oman 4.96 % change on previous year compare
- 159 Kuwait 4.66 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (current US$), 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 (current us$), annual growth rate in Turks and Caicos Islands?
- Services, value added (current us$), annual growth rate in Turks and Caicos Islands was 5.13 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Turks and Caicos Islands?
- The highest recorded value was 32.1 % change on previous year in 2021.
- What is the lowest services, value added (current us$), annual growth rate recorded in Turks and Caicos Islands?
- The lowest recorded value was -35.46 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for services, value added (current us$), annual growth rate?
- Turks and Caicos Islands ranks 156th out of 204 countries with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 40.9%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.