Taxes less subsidies on products (current LCU), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products (current LCU), annual growth rate was 13.69 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Turks and Caicos Islands, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (current lcu), annual growth rate in Turks and Caicos Islands stood at 13.69 % change on previous year.
The figure is up 27.1% on the previous year and down 49.2% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Turks and Caicos Islands peaked at 64.04 % change on previous year in 2021 and was at its lowest, -32.19 % change on previous year, in 2020.
Turks and Caicos Islands ranks 53rd of 197 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 (current LCU), annual growth rate in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 10.21 % change on previous year | — |
| 2002 | 14.18 % change on previous year | +38.9% |
| 2003 | 17.41 % change on previous year | +22.8% |
| 2004 | 17.07 % change on previous year | -2.0% |
| 2005 | 31.13 % change on previous year | +82.4% |
| 2006 | 32.27 % change on previous year | +3.6% |
| 2007 | 5.89 % change on previous year | -81.8% |
| 2008 | -5.67 % change on previous year | -196.3% |
| 2009 | -10.67 % change on previous year | +88.3% |
| 2010 | 2.87 % change on previous year | -126.9% |
| 2011 | 10.25 % change on previous year | +256.4% |
| 2012 | 6.31 % change on previous year | -38.4% |
| 2013 | 2.02 % change on previous year | -68.0% |
| 2014 | 26.94 % change on previous year | +1233.7% |
| 2015 | 17.73 % change on previous year | -34.2% |
| 2016 | 2.32 % change on previous year | -86.9% |
| 2017 | -2.1 % change on previous year | -190.8% |
| 2018 | 12.42 % change on previous year | -690.1% |
| 2019 | -9.68 % change on previous year | -177.9% |
| 2020 | -32.19 % change on previous year | +232.6% |
| 2021 | 64.04 % change on previous year | -298.9% |
| 2022 | 25.49 % change on previous year | -60.2% |
| 2023 | 10.77 % change on previous year | -57.7% |
| 2024 | 13.69 % change on previous year | +27.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.42 % change on previous year | -10.67 % change on previous year | 32.27 % change on previous year | 9 |
| 2010s | 6.91 % change on previous year | -9.68 % change on previous year | 26.94 % change on previous year | 10 |
| 2020s | 16.36 % change on previous year | -32.19 % change on previous year | 64.04 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 50 Uganda 13.85 % change on previous year compare
- 51 Cape Verde 13.82 % change on previous year compare
- 52 Nepal 13.74 % change on previous year compare
- 54 Burkina Faso 12.93 % change on previous year compare
- 55 Bulgaria 12.88 % change on previous year compare
- 56 Faroe Islands 12.68 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7953 constant LCU per US$ 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 LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Turks and Caicos Islands?
- Taxes less subsidies on products (current lcu), annual growth rate in Turks and Caicos Islands was 13.69 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Turks and Caicos Islands?
- The highest recorded value was 64.04 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Turks and Caicos Islands?
- The lowest recorded value was -32.19 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for taxes less subsidies on products (current lcu), annual growth rate?
- Turks and Caicos Islands ranks 53rd out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 49.2%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.