Taxes less subsidies on products (current LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products (current LCU) was 308.51 million current LCU in 2024. ◆ Volatile
Taxes less subsidies on products in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, taxes less subsidies on products in Turks and Caicos Islands stood at 308.51 million current LCU. That is the highest value across all 25 years on record.
The figure is up 13.7% on the previous year and up 110.5% over ten years.
Over the whole period, taxes less subsidies on products in Turks and Caicos Islands peaked at 308.51 million current LCU in 2024 and was at its lowest, 35.07 million current LCU, in 2000.
Turks and Caicos Islands ranks 180th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 35.07 million current LCU | — |
| 2001 | 38.65 million current LCU | +10.2% |
| 2002 | 44.13 million current LCU | +14.2% |
| 2003 | 51.81 million current LCU | +17.4% |
| 2004 | 60.65 million current LCU | +17.1% |
| 2005 | 79.53 million current LCU | +31.1% |
| 2006 | 105.19 million current LCU | +32.3% |
| 2007 | 111.39 million current LCU | +5.9% |
| 2008 | 105.08 million current LCU | -5.7% |
| 2009 | 93.86 million current LCU | -10.7% |
| 2010 | 96.56 million current LCU | +2.9% |
| 2011 | 106.45 million current LCU | +10.2% |
| 2012 | 113.17 million current LCU | +6.3% |
| 2013 | 115.45 million current LCU | +2.0% |
| 2014 | 146.56 million current LCU | +26.9% |
| 2015 | 172.55 million current LCU | +17.7% |
| 2016 | 176.55 million current LCU | +2.3% |
| 2017 | 172.83 million current LCU | -2.1% |
| 2018 | 194.30 million current LCU | +12.4% |
| 2019 | 175.49 million current LCU | -9.7% |
| 2020 | 119.00 million current LCU | -32.2% |
| 2021 | 195.20 million current LCU | +64.0% |
| 2022 | 244.96 million current LCU | +25.5% |
| 2023 | 271.35 million current LCU | +10.8% |
| 2024 | 308.51 million current LCU | +13.7% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 308.51 million current LCU is below the median for high income countries, which is 26.91 billion current LCU, 1% of the median. (74 countries reporting)
- Turks and Caicos Islands's 308.51 million current LCU is below the median for Latin America & Caribbean, which is 10.36 billion current LCU, 3% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 72.54 million current LCU | 35.07 million current LCU | 111.39 million current LCU | 10 |
| 2010s | 146.99 million current LCU | 96.56 million current LCU | 194.30 million current LCU | 10 |
| 2020s | 227.80 million current LCU | 119.00 million current LCU | 308.51 million current LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 177 Cayman Islands 347.01 million current LCU compare
- 178 Bermuda 332.49 million current LCU compare
- 179 Dominica 323.73 million current LCU compare
- 181 Solomon Islands 266.39 million current LCU compare
- 182 Liechtenstein 244.20 million current LCU compare
- 183 Tonga 218.66 million current LCU 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 in Turks and Caicos Islands?
- Taxes less subsidies on products in Turks and Caicos Islands was 308.51 million current 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 308.51 million current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Turks and Caicos Islands?
- The lowest recorded value was 35.07 million current LCU in 2000.
- How does Turks and Caicos Islands rank for taxes less subsidies on products?
- Turks and Caicos Islands ranks 180th out of 199 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 110.5%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.