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 arrive annually. Three-quarters of the visitors come 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 (CIA rank, may be based on non-current data): 210
[see also: GDP country ranks ]

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 (CIA rank, may be based on non-current data): 4
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$29,100 (2007 est.)
country comparison to the world (CIA rank, may be based on non-current data): 72
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 49% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 21.5% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 16.5% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: -0.1% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 69.5% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -56.4% (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% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 8.9% (2017 est.)
[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 (CIA rank, may be based on non-current data): 106
[see also: Industrial production growth rate country ranks ]

Labor force:
4,848 (1990 est.)
country comparison to the world (CIA rank, may be based on non-current data): 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 (CIA rank, may be based on non-current data): 139
[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: 247.3 million (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 224.3 million (2017 est.)
[see also: Budget - expenditures country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
4% (2017 est.)
0.7% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 158
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$24.77 million (2008 est.)
country comparison to the world (CIA rank, may be based on non-current data): 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 (CIA rank, may be based on non-current data): 197
[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