Open menu Close menu Open Search Close search Open sharebox Close sharebox
Buy a wall map at

. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2003 INDEX
  • Country Ranks

    . Feedback

  • Home PageCountry Index

    Turks and Caicos Islands Economy - 2003

      Economy - overview: The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than half of the 93,000 visitors in 1998. Major sources of government revenue include fees from offshore financial activities and customs receipts. Tourism fell by 6% in 2002 but appeared to be picking up at yearend.

      GDP: purchasing power parity - $231 million (2000 est.)

      GDP - real growth rate: 4.9% (2000 est.)

      GDP - per capita: purchasing power parity - $9,600 (2000 est.)

      GDP - composition by sector: agriculture: NA%
      industry: NA%
      services: NA%

      Population below poverty line: NA%

      Household income or consumption by percentage share: lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices): 4% (1995)

      Labor force: 4,848 (1990 est.)

      Labor force - by occupation: about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services

      Unemployment rate: 10% (1997 est.)

      Budget: revenues: $47 million
      expenditures: $33.6 million, including capital expenditures of $NA (1997-98 est.)

      Industries: tourism, offshore financial services

      Industrial production growth rate: NA%

      Electricity - production: 5 million kWh (2001)

      Electricity - production by source: fossil fuel: 100%
      hydro: 0%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption: 4.65 million kWh (2001)

      Electricity - exports: 0 kWh (2001)

      Electricity - imports: 0 kWh (2001)

      Oil - production: NA (2001 est.)

      Oil - consumption: NA bbl/day (2001 est.)

      Oil - exports: NA (2001)

      Oil - imports: NA (2001)

      Agriculture - products: corn, beans, cassava (tapioca), citrus fruits; fish

      Exports: $169.2 million (2000)

      Exports - commodities: lobster, dried and fresh conch, conch shells

      Exports - partners: US, UK

      Imports: $175.6 million (2000)

      Imports - commodities: food and beverages, tobacco, clothing, manufactures, construction materials

      Imports - partners: US, UK

      Debt - external: $NA

      Economic aid - recipient: $4.1 million (1997)

      Currency: US dollar (USD)

      Currency code: USD

      Exchange rates: the US dollar is used

      Fiscal year: calendar year

      NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2003 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -

    Revised 20-Sep-03
    Copyright © 2020 Photius Coutsoukis (all rights reserved)