Turks and Caicos Islands's industry, including construction, value added (constant LCU) was 159.38 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 273.56% from 42.66 million in 2014 (14.09% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 159.38 million | 2024 |
| Five years earlier | 115.66 million | 2019 |
| Ten years earlier | 42.66 million | 2014 |
| Highest | 159.38 million | 2024 |
| Lowest | 37.7 million | 2012 |
| Average since 2015 | 109.43 million | 2015–2024 |
| First recorded | 100.56 million |
What the numbers say
In 2024, Turks and Caicos Islands' industry, including construction, value added (constant LCU) rose 9% on 2023 (from 146.15 million to 159.38 million).
Across the 16 yearly changes before that (2008 to 2023), the average change was +5.7% and a typical year strayed about 30.7% from that (the standard deviation). This year's change was 0.1 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 105% in 2017 and the biggest yearly fall was 33.9% in 2009. 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 10.87 million a year. A straight line explains 81% 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.
A straight-line projection, tested first
Extending that straight line gives about 191.9 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 6.17 million, against 32.91 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Turks and Caicos Islands had the 22nd highest value of the 26 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 — 19th of 26: 380.83 million
- Cayman Islands — 20th of 26: 375.43 million
- Tonga — 21st of 26: 215.89 million
- Timor-Leste — 23rd of 26: 115.48 million
- Kiribati — 24th of 26: 47.82 million
- Marshall Islands — 25th of 26: 28.56 million
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 | Industry, including construction, value added (constant LCU) |
|---|---|
| 2024 | 159,377,000 |
| 2023 | 146,154,000 |
| 2022 | 136,327,000 |
| 2021 | 114,375,000 |
| 2020 | 99,190,000 |
| 2019 | 115,664,000 |
| 2018 | 119,546,000 |
| 2017 | 104,523,000 |
| 2016 | 50,981,000 |
| 2015 | 48,167,000 |
Industry, including construction, value added (constant LCU) in nearby economies
- Antigua and Barbuda — 997.17 million (2025)
- Argentina — 171.64 billion (2025)
- Aruba — 590.64 million (2023)
- Bahamas, The — 1.49 billion (2024)
- Barbados — 1.87 billion (2024)
- Belize — 806.46 million (2025)
- Bolivia — 93.68 billion (2024)
- Brazil — 926.17 billion (2025)
- Cayman Islands — 375.43 million (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 industry, including construction, value added (constant LCU)?
- 159.38 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.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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