Turks and Caicos Islands's gross Value Added (GVA) at basic prices (constant LCU) was 1.39 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 184.56% from 487.84 million in 2014 (11.02% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.39 billion | 2024 |
| Five years earlier | 1.18 billion | 2019 |
| Ten years earlier | 487.84 million | 2014 |
| Highest | 1.39 billion | 2024 |
| Lowest | 451.62 million | 2012 |
| Average since 2015 | 1.01 billion | 2015–2024 |
| First recorded | 513.75 million |
What the numbers say
In 2024, Turks and Caicos Islands' gross Value Added (GVA) at basic prices (constant LCU) rose 5.5% on 2023 (from 1.32 billion to 1.39 billion).
Across the 16 yearly changes before that (2008 to 2023), the average change was +8.3% and a typical year strayed about 23.9% from that (the standard deviation). This year's change was 0.1 standard deviations below 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 79.4% in 2017 and the biggest yearly fall was 33.9% 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 76.09 million a year. A straight line explains 63% 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 21st highest value of the 25 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
- Bermuda — 18th of 25: 6.82 billion
- Cayman Islands — 19th of 25: 4.96 billion
- Timor-Leste — 20th of 25: 1.62 billion
- Tonga — 22nd of 25: 902.26 million
- Kiribati — 23rd of 25: 378.2 million
- Palau — 24th of 25: 235.29 million
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 18 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2024 | 1,388,170,000 |
| 2023 | 1,315,307,000 |
| 2022 | 1,151,620,000 |
| 2021 | 1,008,920,000 |
| 2020 | 777,609,000 |
| 2019 | 1,176,900,000 |
| 2018 | 1,120,028,000 |
| 2017 | 1,049,051,000 |
| 2016 | 584,609,000 |
| 2015 | 537,090,000 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Antigua and Barbuda — 4.37 billion (2025)
- Argentina — 607.64 billion (2025)
- Aruba — 4.92 billion (2023)
- Bahamas, The — 12.21 billion (2024)
- Barbados — 13.74 billion (2025)
- Belize — 4.71 billion (2025)
- Bolivia — 302.83 billion (2024)
- Brazil — 4.01 trillion (2025)
- Cayman Islands — 4.96 billion (2024)
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 gross Value Added (GVA) at basic prices (constant LCU)?
- 1.39 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 170.2% from 513.75 million in 2007 (6.02% a year on average, compounded). The highest value was 1.39 billion in 2024 and the lowest 451.62 million in 2012.
- How does Turks and Caicos Islands rank?
- 21st highest of 25 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for Turks and Caicos Islands?
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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