Taxes less subsidies on products in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products was 234.38 million constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, taxes less subsidies on products in Turks and Caicos Islands stood at 234.38 million constant LCU. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 6.2% on the previous year and up 127.9% over ten years.
Over the whole period, taxes less subsidies on products in Turks and Caicos Islands peaked at 234.38 million constant LCU in 2024 and was at its lowest, 69.78 million constant LCU, in 2009.
Turks and Caicos Islands ranks 172nd of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Taxes less subsidies on products in Turks and Caicos Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 86.43 million constant LCU | — |
| 2008 | 79.15 million constant LCU | -8.4% |
| 2009 | 69.78 million constant LCU | -11.8% |
| 2010 | 74.22 million constant LCU | +6.4% |
| 2011 | 77.11 million constant LCU | +3.9% |
| 2012 | 85.98 million constant LCU | +11.5% |
| 2013 | 85.17 million constant LCU | -0.9% |
| 2014 | 102.85 million constant LCU | +20.8% |
| 2015 | 120.43 million constant LCU | +17.1% |
| 2016 | 120.59 million constant LCU | +0.1% |
| 2017 | 182.14 million constant LCU | +51.0% |
| 2018 | 194.30 million constant LCU | +6.7% |
| 2019 | 202.91 million constant LCU | +4.4% |
| 2020 | 135.59 million constant LCU | -33.2% |
| 2021 | 174.85 million constant LCU | +29.0% |
| 2022 | 198.91 million constant LCU | +13.8% |
| 2023 | 220.66 million constant LCU | +10.9% |
| 2024 | 234.38 million constant LCU | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.45 million constant LCU | 69.78 million constant LCU | 86.43 million constant LCU | 3 |
| 2010s | 124.57 million constant LCU | 74.22 million constant LCU | 202.91 million constant LCU | 10 |
| 2020s | 192.88 million constant LCU | 135.59 million constant LCU | 234.38 million constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 169 Andorra 278.99 million constant LCU compare
- 170 Solomon Islands 273.56 million constant LCU compare
- 171 Cayman Islands 272.90 million constant LCU compare
- 173 Liberia 202.89 million constant LCU compare
- 174 Greenland 169.50 million constant LCU compare
- 175 Sint Maarten (Dutch part) 151.75 million constant LCU compare
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 taxes less subsidies on products in Turks and Caicos Islands?
- Taxes less subsidies on products in Turks and Caicos Islands was 234.38 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Turks and Caicos Islands?
- The highest recorded value was 234.38 million constant LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Turks and Caicos Islands?
- The lowest recorded value was 69.78 million constant LCU in 2009.
- How does Turks and Caicos Islands rank for taxes less subsidies on products?
- Turks and Caicos Islands ranks 172nd out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 127.9%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.