Taxes less subsidies on products (constant LCU), per unit of GDP in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.1343 constant LCU per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (constant LCU), per unit of GDP in Turks and Caicos Islands, 2007–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Turks and Caicos Islands recorded 0.1343 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2024.
That represents a change of down 0.3% on the previous year and up 24.9% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Turks and Caicos Islands peaked at 0.152 constant LCU per US$ of GDP in 2017 and was at its lowest, 0.0915 constant LCU per US$ of GDP, in 2011.
Turks and Caicos Islands ranks 122nd of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Turks and Caicos Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2007 | 0.1117 constant LCU per US$ of GDP | — |
| 2008 | 0.0917 constant LCU per US$ of GDP | -17.9% |
| 2009 | 0.0992 constant LCU per US$ of GDP | +8.2% |
| 2010 | 0.1081 constant LCU per US$ of GDP | +8.9% |
| 2011 | 0.0915 constant LCU per US$ of GDP | -15.4% |
| 2012 | 0.1032 constant LCU per US$ of GDP | +12.9% |
| 2013 | 0.0987 constant LCU per US$ of GDP | -4.4% |
| 2014 | 0.1075 constant LCU per US$ of GDP | +9.0% |
| 2015 | 0.1117 constant LCU per US$ of GDP | +3.9% |
| 2016 | 0.1003 constant LCU per US$ of GDP | -10.2% |
| 2017 | 0.152 constant LCU per US$ of GDP | +51.6% |
| 2018 | 0.1478 constant LCU per US$ of GDP | -2.8% |
| 2019 | 0.1479 constant LCU per US$ of GDP | +0.1% |
| 2020 | 0.1476 constant LCU per US$ of GDP | -0.2% |
| 2021 | 0.1414 constant LCU per US$ of GDP | -4.2% |
| 2022 | 0.1387 constant LCU per US$ of GDP | -1.9% |
| 2023 | 0.1347 constant LCU per US$ of GDP | -2.9% |
| 2024 | 0.1343 constant LCU per US$ of GDP | -0.3% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 0.1343 constant LCU per US$ of GDP is above the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 1.5× the median. (66 countries reporting)
- Turks and Caicos Islands's 0.1343 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 42% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), per unit of GDP 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 | +51.6% | 0.1003 constant LCU per US$ of GDP | 0.152 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1009 constant LCU per US$ of GDP | 0.0917 constant LCU per US$ of GDP | 0.1117 constant LCU per US$ of GDP | 3 |
| 2010s | 0.1169 constant LCU per US$ of GDP | 0.0915 constant LCU per US$ of GDP | 0.152 constant LCU per US$ of GDP | 10 |
| 2020s | 0.1393 constant LCU per US$ of GDP | 0.1343 constant LCU per US$ of GDP | 0.1476 constant LCU per US$ of GDP | 5 |
Countries ranked near Turks and Caicos Islands
- 119 Romania 0.1727 constant LCU per US$ of GDP compare
- 120 Solomon Islands 0.1727 constant LCU per US$ of GDP compare
- 121 Peru 0.1656 constant LCU per US$ of GDP compare
- 123 Palestine 0.1341 constant LCU per US$ of GDP compare
- 124 Tunisia 0.1273 constant LCU per US$ of GDP compare
- 125 Croatia 0.1191 constant LCU per US$ of GDP 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), per unit of gdp in Turks and Caicos Islands?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Turks and Caicos Islands was 0.1343 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 0.152 constant LCU per US$ of GDP in 2017.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.0915 constant LCU per US$ of GDP in 2011.
- How does Turks and Caicos Islands rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Turks and Caicos Islands ranks 122nd out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.