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.
5.3% (2018 est.)
4.3% (2017 est.)
4.4% (2016 est.)
4% (2017 est.)
0.7% (2016 est.)
$1.117 billion (2019 est.)
$1.06 billion (2018 est.)
$1.004 billion (2017 est.)
$1.02 billion (2018 est.)
$29,253 (2019 est.)
$28,162 (2018 est.)
$27,061 (2017 est.)
agriculture: 0.5% (2017 est.)
industry: 8.9% (2017 est.)
services: 90.6% (2017 est.)
household consumption: 49% (2017 est.)
government consumption: 21.5% (2017 est.)
investment in fixed capital: 16.5% (2017 est.)
investment in inventories: -0.1% (2017 est.)
exports of goods and services: 69.5% (2017 est.)
imports of goods and services: -56.4% (2017 est.)
corn, beans, cassava (manioc, tapioca), citrus fruits; fish
tourism, offshore financial services
3% (2017 est.)
4,848 (1990 est.)
note: about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services
10% (1997 est.)
N/A
lowest 10%: NA
highest 10%: NA
revenues: 247.3 million (2017 est.)
expenditures: 224.3 million (2017 est.)
calendar year
$24.77 million (2008 est.)
France 31%, United States 16%, Zambia 13%, Singapore 9%, Republic of the Congo 8% (2019)
plastic building materials, stone processing machinery, iron structures, crustaceans, integrated circuits (2019)
$591.3 million (2008 est.)
United States 76% (2019)
refined petroleum, cars, jewelry, furniture, soybeans (2019)
N/A
the US dollar is used
NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 2021 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Turks and Caicos Islands 2021 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands 2021 should be addressed to the CIA or the source cited on each page.
This page was last modified 16 Dec 23, Copyright © 2023 ITA all rights reserved.