Taxes less subsidies on products (constant LCU), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products (constant LCU), annual growth rate was 6.22 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (constant lcu), annual growth rate in Turks and Caicos Islands stood at 6.22 % change on previous year.
That represents a change of down 43.2% on the previous year and down 70.1% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Turks and Caicos Islands peaked at 51.04 % change on previous year in 2017 and was at its lowest, -33.18 % change on previous year, in 2020.
Turks and Caicos Islands ranks 53rd of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | -8.42 % change on previous year | — |
| 2009 | -11.84 % change on previous year | +40.5% |
| 2010 | 6.37 % change on previous year | -153.8% |
| 2011 | 3.89 % change on previous year | -38.9% |
| 2012 | 11.5 % change on previous year | +195.7% |
| 2013 | -0.9444 % change on previous year | -108.2% |
| 2014 | 20.76 % change on previous year | -2298.1% |
| 2015 | 17.1 % change on previous year | -17.6% |
| 2016 | 0.132 % change on previous year | -99.2% |
| 2017 | 51.04 % change on previous year | +38560.3% |
| 2018 | 6.68 % change on previous year | -86.9% |
| 2019 | 4.43 % change on previous year | -33.7% |
| 2020 | -33.18 % change on previous year | -849.2% |
| 2021 | 28.96 % change on previous year | -187.3% |
| 2022 | 13.76 % change on previous year | -52.5% |
| 2023 | 10.94 % change on previous year | -20.5% |
| 2024 | 6.22 % change on previous year | -43.2% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 6.22 % change on previous year is above the median for high income countries, which is 2.19 % change on previous year, 2.8× the median. (66 countries reporting)
- Turks and Caicos Islands's 6.22 % change on previous year is above the median for Latin America & Caribbean, which is 2.7 % change on previous year, 2.3× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), 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 |
|---|---|---|---|
| 2017 | +38560.3% | 0.132 % change on previous year | 51.04 % change on previous year |
| 2014 | +2298.1% | -0.9444 % change on previous year | 20.76 % change on previous year |
| 2020 | -849.2% | 4.43 % change on previous year | -33.18 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.13 % change on previous year | -11.84 % change on previous year | -8.42 % change on previous year | 2 |
| 2010s | 12.09 % change on previous year | -0.9444 % change on previous year | 51.04 % change on previous year | 10 |
| 2020s | 5.34 % change on previous year | -33.18 % change on previous year | 28.96 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 50 Nicaragua 6.38 % change on previous year compare
- 51 Kazakhstan 6.26 % change on previous year compare
- 52 India 6.25 % change on previous year compare
- 54 Vietnam 6.22 % change on previous year compare
- 55 Croatia 6.21 % change on previous year compare
- 56 El Salvador 6.19 % change on previous year 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 taxes less subsidies on products (constant lcu), annual growth rate in Turks and Caicos Islands?
- Taxes less subsidies on products (constant lcu), annual growth rate in Turks and Caicos Islands was 6.22 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Turks and Caicos Islands?
- The highest recorded value was 51.04 % change on previous year in 2017.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.18 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Turks and Caicos Islands ranks 53rd out of 188 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 70.1%. 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 Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
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 Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.