Turks and Caicos Islands's net primary income (net income from abroad) (current US$) was −US$23.5 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 54.37% from −US$51.5 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$23.5 million | 2024 |
| Five years earlier | −US$28 million | 2019 |
| Ten years earlier | −US$51.5 million | 2014 |
| Highest | US$5.2 million | 2021 |
| Lowest | −US$63 million | 2015 |
| Average since 2015 | −US$16.42 million | 2015–2024 |
| First recorded | −US$51.5 million |
What the numbers say
In 2024, Turks and Caicos Islands' net primary income (net income from abroad) (current US$) fell US$26.3 million on 2023 (from US$2.8 million to −US$23.5 million).
Across the 9 yearly changes before that (2015 to 2023), the average change was +US$6.03 million and a typical year strayed about US$23.59 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$43.2 million in 2017 and the biggest yearly fall was US$26.3 million in 2024. 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 26% 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 15th highest value of the 39 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 — 12th of 39: US$68.52 million
- Curaçao — 13th of 39: US$64.14 million
- Tuvalu — 14th of 39: US$21.86 million
- Sint Maarten (Dutch part) — 16th of 39: −US$59.54 million
- Bhutan — 17th of 39: −US$190.69 million
- Aruba — 18th of 39: −US$226.32 million
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 11 values
| Year | Net primary income (net income from abroad) (current US$) |
|---|---|
| 2024 | -23,500,000 |
| 2023 | 2,800,000 |
| 2022 | -16,200,000 |
| 2021 | 5,200,000 |
| 2020 | 300,000 |
| 2019 | -28,000,000 |
| 2018 | -2,800,000 |
| 2017 | 2,100,000 |
| 2016 | -41,100,000 |
| 2015 | -63,000,000 |
Net primary income (net income from abroad) (current US$) in nearby economies
- Antigua and Barbuda — −US$75.61 million (2025)
- Argentina — −US$13.9 billion (2025)
- Aruba — −US$226.32 million (2024)
- Bahamas, The — −US$631.7 million (2024)
- Barbados — −US$326.8 million (2025)
- Belize — −US$164.55 million (2025)
- Bolivia — −US$1.71 billion (2025)
- Brazil — −US$74.18 billion (2025)
- Cayman Islands — −US$1.49 billion (2024)
More economic policy & debt data for Turks and Caicos Islands
- Adjusted savings, education expenditure (% of GNI) — 2.29% (2021)
- Adjusted savings, net forest depletion (current US$) — US$30,821 (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$0 (2021)
- Agriculture, forestry, and fishing, value added (current LCU) — 6.14 million (2024)
- Agriculture, forestry, and fishing, value added (% of GDP) — 0.35% (2024)
- Manufacturing, value added (current LCU) — 7.8 million (2024)
- Manufacturing, value added (% of GDP) — 0.45% (2024)
Reading data like this
Questions people ask
- What is Turks and Caicos Islands's net primary income (net income from abroad) (current US$)?
- −US$23.5 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2014?
- It is up 54.37% from −US$51.5 million in 2014. The highest value was US$5.2 million in 2021 and the lowest −US$63 million in 2015.
- How does Turks and Caicos Islands rank?
- 15th highest of 39 economies with data for 2024.
- Is the latest change in net primary income (net income from abroad) (current US$) unusual for Turks and Caicos Islands?
- In 2024, Turks and Caicos Islands' net primary income (net income from abroad) (current US$) fell US$26.3 million on 2023 (from US$2.8 million to −US$23.5 million). Across the 9 yearly changes before that (2015 to 2023), the average change was +US$6.03 million and a typical year strayed about US$23.59 million from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.GSR.NFCY.CD, 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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