Travel services in Turks and Caicos Islands
Turks and Caicos Islands: Travel services was 5.6% in 2018. ▼ Falling
Travel services in Turks and Caicos Islands, 2014–2018
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for travel services in Turks and Caicos Islands is 5.6%, measured in 2018. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 10.7% on the previous year and down 25.1% over five years.
That places Turks and Caicos Islands 175th out of 198 countries with data for 2018, putting it in the bottom quarter.
Travel services in Turks and Caicos Islands, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2014 | 7.5% | — |
| 2015 | 7.5% | +0.7% |
| 2016 | 7.4% | -0.9% |
| 2017 | 6.3% | -16.0% |
| 2018 | 5.6% | -10.7% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.6% is below the median for high income countries, which is 21.1%, 26% of the median. (72 countries reporting)
- Turks and Caicos Islands's 5.6% is below the median for Latin America & Caribbean, which is 19.1%, 29% of the median. (37 countries reporting)
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (current US$), per 0.0934 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual 4.89 % change on previous year (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant 2015 US$), 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)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
Frequently asked questions
- What is travel services in Turks and Caicos Islands?
- Travel services in Turks and Caicos Islands was 5.6% in 2018, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Turks and Caicos Islands?
- The highest recorded value was 7.5% in 2015.
- What is the lowest travel services recorded in Turks and Caicos Islands?
- The lowest recorded value was 5.6% in 2018.
- How does Turks and Caicos Islands rank for travel services?
- Turks and Caicos Islands ranks 175th out of 198 countries with data for 2018.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.