Economy - overview:
The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the 175,000 visitors that arrived in 2004. Major sources of government revenue also include fees from offshore financial activities and customs receipts.

GDP (purchasing power parity):
$216 million (2002 est.)
country comparison to the world: 216
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.9% (2000 est.)
country comparison to the world: 60
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$11,500 (2002 est.)
country comparison to the world: 98
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: NA%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: NA%
[see also: GDP - composition by sector - industry country ranks ]
services: NA%
[see also: GDP - composition by sector - services country ranks ]

Labor force:
4,848 (1990 est.)
country comparison to the world: 220
[see also: Labor force country ranks ]

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

Unemployment rate:
10% (1997 est.)
country comparison to the world: 111
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $47 million
[see also: Budget - revenues country ranks ]
expenditures: $33.6 million (1997-98 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
4% (1995)
country comparison to the world: 115
[see also: Inflation rate (consumer prices) country ranks ]

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

Industries:
tourism, offshore financial services

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
12 million kWh (2007 est.)
country comparison to the world: 210
[see also: Electricity - production country ranks ]

Electricity - consumption:
11.16 million kWh (2007 est.)
country comparison to the world: 211
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 124
[see also: Oil - production country ranks ]

Oil - consumption:
0 bbl/day (2009 est.)
country comparison to the world: 207
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day (2007 est.)
country comparison to the world: 169
[see also: Oil - exports country ranks ]

Oil - imports:
80 bbl/day (2007 est.)
country comparison to the world: 203
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 111
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 117
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 167
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 106
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 120
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 125
[see also: Natural gas - proved reserves country ranks ]

Exports:
$169.2 million (2000)
country comparison to the world: 184
[see also: Exports country ranks ]

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

Imports:
$175.6 million (2000)
country comparison to the world: 203
[see also: Imports country ranks ]

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

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used