Turks and Caicos Islands's manufacturing, value added (current LCU) was 7.8 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 28.77% from 6.06 million in 2014 (2.56% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.8 million | 2024 |
| Five years earlier | 5.4 million | 2019 |
| Ten years earlier | 6.06 million | 2014 |
| Highest | 14.5 million | 2007 |
| Lowest | 4.97 million | 2012 |
| Average since 2015 | 6.58 million | 2015–2024 |
| First recorded | 10.84 million |
What the numbers say
In 2024, Turks and Caicos Islands' manufacturing, value added (current LCU) rose 1.5% on 2023 (from 7.69 million to 7.8 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was −0.3% and a typical year strayed about 15.4% 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 29.5% in 2021 and the biggest yearly fall was 35.9% in 2010. 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 203,739 a year. A straight line explains 33% 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 44th highest value of the 45 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 — 41st of 45: 28.53 million
- Kiribati — 42nd of 45: 22.07 million
- Marshall Islands — 43rd of 45: 9.04 million
- Palau — 45th of 45: 3.89 million
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 25 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 7,801,000 |
| 2023 | 7,686,000 |
| 2022 | 8,369,000 |
| 2021 | 6,465,000 |
| 2020 | 4,992,000 |
| 2019 | 5,404,000 |
| 2018 | 6,063,000 |
| 2017 | 6,246,000 |
| 2016 | 6,370,000 |
| 2015 | 6,357,000 |
| 2014 |
Manufacturing, value added (current LCU) in nearby economies
- Antigua and Barbuda — 153.86 million (2025)
- Argentina — 115.14 trillion (2025)
- Aruba — 157.98 million (2023)
- Bahamas, The — 99.7 million (2024)
- Barbados — 752.09 million (2024)
- Belize — 422.49 million (2024)
- Bolivia — 49.55 billion (2024)
- Brazil — 1.5 trillion (2025)
- Cayman Islands — 56.01 million (2024)
- Chile — 30.44 trillion (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 (% of GDP) — 0.45% (2024)
- Industry, including construction, value added (current LCU)
Reading data like this
Questions people ask
- What is Turks and Caicos Islands's manufacturing, value added (current LCU)?
- 7.8 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 28.06% from 10.84 million in 2000 (1.36% a year on average, compounded). The highest value was 14.5 million in 2007 and the lowest 4.97 million in 2012.
- How does Turks and Caicos Islands rank?
- 44th highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Turks and Caicos Islands?
- In 2024, Turks and Caicos Islands' manufacturing, value added (current LCU) rose 1.5% on 2023 (from 7.69 million to 7.8 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −0.3% and a typical year strayed about 15.4% 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.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, 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.
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