Services, value added (current US$) in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added (current US$) was 1.27 billion current US$ in 2024. ▲ Rising
Services, value added in Turks and Caicos Islands, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Turks and Caicos Islands stood at 1.27 billion current US$. That is the highest value across all 24 years on record.
The figure 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 US$ in 2024 and was at its lowest, 287.92 million current US$, in 2001.
Turks and Caicos Islands ranks 188th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Services, value added (current US$) in Turks and Caicos Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 287.92 million current US$ | — |
| 2002 | 288.77 million current US$ | +0.3% |
| 2003 | 310.51 million current US$ | +7.5% |
| 2004 | 360.28 million current US$ | +16.0% |
| 2005 | 423.35 million current US$ | +17.5% |
| 2006 | 516.20 million current US$ | +21.9% |
| 2007 | 578.90 million current US$ | +12.1% |
| 2008 | 668.05 million current US$ | +15.4% |
| 2009 | 568.83 million current US$ | -14.9% |
| 2010 | 572.90 million current US$ | +0.7% |
| 2011 | 665.00 million current US$ | +16.1% |
| 2012 | 648.08 million current US$ | -2.5% |
| 2013 | 670.71 million current US$ | +3.5% |
| 2014 | 728.88 million current US$ | +8.7% |
| 2015 | 812.23 million current US$ | +11.4% |
| 2016 | 925.34 million current US$ | +13.9% |
| 2017 | 912.76 million current US$ | -1.4% |
| 2018 | 995.97 million current US$ | +9.1% |
| 2019 | 1.07 billion current US$ | +7.8% |
| 2020 | 693.10 million current US$ | -35.5% |
| 2021 | 915.59 million current US$ | +32.1% |
| 2022 | 1.04 billion current US$ | +13.5% |
| 2023 | 1.21 billion current US$ | +16.1% |
| 2024 | 1.27 billion current US$ | +5.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.27 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 2% of the median. (77 countries reporting)
- Turks and Caicos Islands's 1.27 billion current US$ is below the median for Latin America & Caribbean, which is 15.17 billion current US$, 8% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 444.76 million current US$ | 287.92 million current US$ | 668.05 million current US$ | 9 |
| 2010s | 800.58 million current US$ | 572.90 million current US$ | 1.07 billion current US$ | 10 |
| 2020s | 1.02 billion current US$ | 693.10 million current US$ | 1.27 billion current US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 185 Gambia 1.38 billion current US$ compare
- 186 East Timor 1.34 billion current US$ compare
- 187 Central African Republic 1.27 billion current US$ compare
- 189 Sint Maarten (Dutch part) 1.21 billion current US$ compare
- 190 San Marino 1.15 billion current US$ compare
- 191 Guinea-Bissau 987.68 million current 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 1.27 billion current 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 1.27 billion current US$ in 2024.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 287.92 million current US$ in 2001.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 188th 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 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 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 indicator is expressed in United States dollars.