Taxes less subsidies on products (current US$), per unit of GDP in Turks and Caicos Islands
Turks and Caicos Islands: Taxes less subsidies on products (current US$), per unit of GDP was 0.1768 current US$ per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (current US$), per unit of GDP in Turks and Caicos Islands, 2001–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (current us$), per unit of gdp in Turks and Caicos Islands stood at 0.1768 current US$ per US$ of GDP. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 15.4% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Turks and Caicos Islands peaked at 0.1768 current US$ per US$ of GDP in 2024 and was at its lowest, 0.1077 current US$ per US$ of GDP, in 2001.
Turks and Caicos Islands ranks 7th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP in Turks and Caicos Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2001 | 0.1077 current US$ per US$ of GDP | — |
| 2002 | 0.1203 current US$ per US$ of GDP | +11.7% |
| 2003 | 0.1264 current US$ per US$ of GDP | +5.1% |
| 2004 | 0.1249 current US$ per US$ of GDP | -1.2% |
| 2005 | 0.1374 current US$ per US$ of GDP | +10.0% |
| 2006 | 0.1457 current US$ per US$ of GDP | +6.0% |
| 2007 | 0.144 current US$ per US$ of GDP | -1.2% |
| 2008 | 0.1218 current US$ per US$ of GDP | -15.4% |
| 2009 | 0.1335 current US$ per US$ of GDP | +9.6% |
| 2010 | 0.1406 current US$ per US$ of GDP | +5.3% |
| 2011 | 0.1263 current US$ per US$ of GDP | -10.2% |
| 2012 | 0.1359 current US$ per US$ of GDP | +7.6% |
| 2013 | 0.1337 current US$ per US$ of GDP | -1.6% |
| 2014 | 0.1532 current US$ per US$ of GDP | +14.6% |
| 2015 | 0.16 current US$ per US$ of GDP | +4.5% |
| 2016 | 0.1469 current US$ per US$ of GDP | -8.2% |
| 2017 | 0.1443 current US$ per US$ of GDP | -1.8% |
| 2018 | 0.1478 current US$ per US$ of GDP | +2.5% |
| 2019 | 0.1279 current US$ per US$ of GDP | -13.5% |
| 2020 | 0.1296 current US$ per US$ of GDP | +1.3% |
| 2021 | 0.1579 current US$ per US$ of GDP | +21.8% |
| 2022 | 0.1708 current US$ per US$ of GDP | +8.2% |
| 2023 | 0.1656 current US$ per US$ of GDP | -3.1% |
| 2024 | 0.1768 current US$ per US$ of GDP | +6.7% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 0.1768 current US$ per US$ of GDP is above the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 1.9× the median. (74 countries reporting)
- Turks and Caicos Islands's 0.1768 current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.097 current US$ per US$ of GDP, 1.8× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1291 current US$ per US$ of GDP | 0.1077 current US$ per US$ of GDP | 0.1457 current US$ per US$ of GDP | 9 |
| 2010s | 0.1417 current US$ per US$ of GDP | 0.1263 current US$ per US$ of GDP | 0.16 current US$ per US$ of GDP | 10 |
| 2020s | 0.1601 current US$ per US$ of GDP | 0.1296 current US$ per US$ of GDP | 0.1768 current US$ per US$ of GDP | 5 |
Countries ranked near Turks and Caicos Islands
- 4 Tanzania, United Republic of 0.1855 current US$ per US$ of GDP compare
- 5 Palestine, State of 0.1802 current US$ per US$ of GDP compare
- 6 Grenada 0.1784 current US$ per US$ of GDP compare
- 8 Croatia 0.1729 current US$ per US$ of GDP compare
- 9 Dominica 0.1656 current US$ per US$ of GDP compare
- 10 Bosnia and Herzegovina 0.1641 current US$ per US$ of GDP compare
More economy & growth data for Turks and Caicos Islands
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.9296 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 3,502 current US$ per person (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), annual 4.89 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.0934 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Turks and Caicos Islands?
- Taxes less subsidies on products (current us$), per unit of gdp in Turks and Caicos Islands was 0.1768 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 0.1768 current US$ per US$ of GDP in 2024.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.1077 current US$ per US$ of GDP in 2001.
- How does Turks and Caicos Islands rank for taxes less subsidies on products (current us$), per unit of gdp?
- Turks and Caicos Islands ranks 7th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 15.4%. 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 (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.