Turks and Caicos Islands's financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) was 33.73 million in 2016, the latest year in the World Bank's World Development Indicators. That is down 17.34% from 40.81 million in 2011 (3.74% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 33.73 million | 2016 |
| Five years earlier | 40.81 million | 2011 |
| Highest | 64.95 million | 2008 |
| Lowest | 33.73 million | 2016 |
| Average since 2007 | 46.57 million | 2007–2016 |
| First recorded | 62.09 million | 2007 |
Over five years it is down 17.34% from 40.81 million in 2011 (3.74% a year on average, compounded). Since 2007 it is down 45.67% from 62.09 million in 2007 (6.55% a year on average, compounded).
What the numbers say
In 2016, Turks and Caicos Islands' financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) fell 0.3% on 2015 (from 33.84 million to 33.73 million).
Across the 8 yearly changes before that (2008 to 2015), the average change was −7% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4.6% in 2008 and the biggest yearly fall was 20.8% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2007 to 2016 the straight-line trend is downward, about 3.73 million a year. A straight line explains 90% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Financial intermediation services which are implicitly charged in the form of either the difference between a reference rate and the interest rate actually paid to depositors, or the difference between the interest rate charged to borrowers and a reference rate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 10 values
| Year | Financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) |
|---|---|
| 2016 | 33,731,000 |
| 2015 | 33,835,000 |
| 2014 | 37,051,000 |
| 2013 | 40,792,000 |
| 2012 | 41,754,000 |
| 2011 | 40,807,000 |
| 2010 | 51,516,000 |
| 2009 | 59,133,000 |
| 2008 | 64,954,000 |
| 2007 | 62,085,000 |
Financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) in nearby economies
- Grenada — 33.24 million (2025)
- Guyana — 36.77 billion (2025)
- Honduras — 56.67 billion (2025)
- Panama — 0 (2023)
- St. Kitts and Nevis — 43.33 million (2025)
More economic policy & debt data for Turks and Caicos Islands
- Adjusted savings, education expenditure (% of GNI) — 2.29% (2021)
- Adjusted savings, net forest depletion (current US$) — US$30,821 (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$0 (2021)
- Agriculture, forestry, and fishing, value added (current LCU) — 6.14 million (2024)
- Agriculture, forestry, and fishing, value added (% of GDP) — 0.35% (2024)
- Manufacturing, value added (current LCU) — 7.8 million (2024)
- Manufacturing, value added (% of GDP) — 0.45% (2024)
Reading data like this
Questions people ask
- What is Turks and Caicos Islands's financial Intermediary Services Indirectly Measured (FISIM) (constant LCU)?
- 33.73 million in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is down 45.67% from 62.09 million in 2007 (6.55% a year on average, compounded). The highest value was 64.95 million in 2008 and the lowest 33.73 million in 2016.
- Is the latest change in financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) unusual for Turks and Caicos Islands?
- In 2016, Turks and Caicos Islands' financial Intermediary Services Indirectly Measured (FISIM) (constant LCU) fell 0.3% on 2015 (from 33.84 million to 33.73 million). Across the 8 yearly changes before that (2008 to 2015), the average change was −7% and a typical year strayed about 8.3% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.FSM.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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