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Turks and Caicos Islands Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Turks and Caicos Islands Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

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 more than 1 million visitors that arrived in 2013. Three-quarters of the visitors came by ship. Major sources of government revenue also include fees from offshore financial activities and customs receipts.

GDP (purchasing power parity):
$632 million (2007 est.) $568.3 million (2006 est.)
country comparison to the world: 211

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

GDP - real growth rate:
11.2% (2007 est.)
country comparison to the world: 3
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$29,100 (2007 est.)
country comparison to the world: 67

GDP - composition, by end use:
household consumption: 48.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 21.3%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 16.3%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: -0.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 69.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -55.9% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 0.5%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 8.9%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 90.6% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

Industries:
tourism, offshore financial services

Industrial production growth rate:
3% (2017 est.)
country comparison to the world: 95
[see also: Industrial production growth rate country ranks ]

Labor force:
4,848 (1990 est.)
country comparison to the world: 221
[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: 138
[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%

Budget:
revenues: $232.8 million
[see also: Budget - revenues country ranks ]
expenditures: $190.9 million (2017 est.)
[see also: Budget - expenditures country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.5% (2017 est.) 1.1% (2016 est.)
country comparison to the world: 61
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$24.77 million (2008 est.)
country comparison to the world: 208
[see also: Exports country ranks ]

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

Imports:
$591.3 million (2008 est.)
country comparison to the world: 185
[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


NOTE: 1) The information regarding Turks and Caicos Islands on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 2018 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 28-Feb-18
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