Services, value added in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added was 72.6% in 2024. ▬ Flat
Services, value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Turks and Caicos Islands stood at 72.6%.
That represents a change of down 1.3% on the previous year and down 4.7% over ten years.
Over the whole period, services, value added in Turks and Caicos Islands peaked at 83.4% in 2010 and was at its lowest, 71.5%, in 2006.
That places Turks and Caicos Islands 25th out of 206 countries with data for 2024, putting it in the top quarter.
Services, value added in Turks and Caicos Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 79.5% | — |
| 2001 | 80.3% | +0.9% |
| 2002 | 78.7% | -1.9% |
| 2003 | 75.8% | -3.8% |
| 2004 | 74.2% | -2.1% |
| 2005 | 73.2% | -1.4% |
| 2006 | 71.5% | -2.3% |
| 2007 | 74.8% | +4.7% |
| 2008 | 77.4% | +3.5% |
| 2009 | 80.9% | +4.5% |
| 2010 | 83.4% | +3.1% |
| 2011 | 78.9% | -5.4% |
| 2012 | 77.8% | -1.4% |
| 2013 | 77.7% | -0.2% |
| 2014 | 76.2% | -1.9% |
| 2015 | 75.3% | -1.1% |
| 2016 | 77.0% | +2.2% |
| 2017 | 76.2% | -1.0% |
| 2018 | 75.8% | -0.5% |
| 2019 | 78.3% | +3.3% |
| 2020 | 75.5% | -3.6% |
| 2021 | 74.0% | -1.9% |
| 2022 | 72.4% | -2.2% |
| 2023 | 73.6% | +1.6% |
| 2024 | 72.6% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76.6% | 71.5% | 80.9% | 10 |
| 2010s | 77.7% | 75.3% | 83.4% | 10 |
| 2020s | 73.6% | 72.4% | 75.5% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ 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)
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.11 % change on previous year (2024)
Frequently asked questions
- What is services, value added in Turks and Caicos Islands?
- Services, value added in Turks and Caicos Islands was 72.6% 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 83.4% in 2010.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 71.5% in 2006.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 25th 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 down 4.7%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.