Turks and Caicos Islands: Inflation, GDP deflator, linked series (annual % growth)

Key figures

What the numbers say

In 2024, Turks and Caicos Islands' inflation, GDP deflator, linked series (annual % growth) rose 0.36 percentage points on 2023 (from 0.47% to 0.83%).

Across the 15 yearly changes before that (2009 to 2023), the average change was −0.17 percentage points and a typical year strayed about 18.93 percentage points from that (the standard deviation). This year's change was 0.0 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 45.69 percentage points in 2018 and the biggest yearly fall was 46.86 percentage points in 2017. 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 there is no clear straight-line trend: a straight line explains 7% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 12th highest value of the 13 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

• Faroe Islands — 8th of 13: 2%
• French Polynesia — 9th of 13: 1.85%
• United Arab Emirates — 10th of 13: 1.63%
• Bahamas, The — 12th of 13: 0.29%
• Afghanistan — 13th of 13: -8.31%

What this measures

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

All 17 values

Inflation, GDP deflator, linked series (annual % growth) in nearby economies

• Antigua and Barbuda — 2.98% (2025)
• Argentina — 39.09% (2025)
• Aruba — 4.14% (2024)
• Bahamas, The — 0.29% (2024)
• Barbados — 2.74% (2025)
• Belize — 1.06% (2025)
• Bolivia — 19.91% (2025)
• Brazil — 5.73% (2025)
• Cayman Islands — 2.4% (2024)

More financial sector data for Turks and Caicos Islands

• Official exchange rate (LCU per US$, period average) — US$1 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• GDP deflator (base year varies by country) — 107.57 (2024)
• GDP deflator, linked series (base year varies by country) — 107.57 (2024)
• Inflation, GDP deflator (annual % growth) — 0.83% (2024)

Every indicator for Turks and Caicos Islands is on the Turks and Caicos Islands data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Turks and Caicos Islands's inflation, GDP deflator, linked series (annual % growth)?

0.83% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 2.18 percentage points from 3.01% in 2008. The highest value was 17.32% in 2011 and the lowest -42.92% in 2017.

How does Turks and Caicos Islands rank?

12th highest of 13 economies with data for 2024.

Is the latest change in inflation, GDP deflator, linked series (annual % growth) unusual for Turks and Caicos Islands?

Source

World Bank, World Development Indicators, indicator NY.GDP.DEFL.KD.ZG.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) 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.