Turks and Caicos Islands: GDP, PPP (current international $)

Key figures

What the numbers say

In 2024, Turks and Caicos Islands' GDP, PPP (current international $) rose 8.3% on 2023 (from 1.63 billion to 1.77 billion).

Across the 16 yearly changes before that (2008 to 2023), the average change was +5.5% and a typical year strayed about 15.7% from that (the standard deviation). This year's change was 0.2 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 30.8% in 2021 and the biggest yearly fall was 35.6% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 62.26 million a year. A straight line explains 48% 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.

How it compares

In 2024, Turks and Caicos Islands had the 10th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Turks and Caicos Islands in the 2024 ranking

• Aruba — 7th of 10: 5.58 billion
• Curaçao — 8th of 10: 5.11 billion
• Faroe Islands — 9th of 10: 4.49 billion

What this measures

This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator.

All 18 values

GDP, PPP (current international $) in nearby economies

• Antigua and Barbuda — 3.38 billion (2025)
• Argentina — 1.49 trillion (2025)
• Aruba — 5.58 billion (2024)
• Bahamas, The — 16.56 billion (2024)
• Barbados — 7.32 billion (2025)
• Belize — 6.33 billion (2025)
• Bolivia — 161.97 billion (2025)
• Brazil — 4.99 trillion (2025)
• Cayman Islands — 6.87 billion (2024)
• Chile — 750.19 billion (2025)
• Colombia

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

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Questions people ask

What is Turks and Caicos Islands's GDP, PPP (current international $)?

1.77 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 110.39% from 840.71 million in 2007 (4.47% a year on average, compounded). The highest value was 1.77 billion in 2024 and the lowest 751.01 million in 2009.

How does Turks and Caicos Islands rank?

10th highest of 10 economies with data for 2024.

Is the latest change in GDP, PPP (current international $) unusual for Turks and Caicos Islands?

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.PP.CD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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