Turks and Caicos Islands's net secondary income (net current transfers from abroad) (current US$) was −US$108.5 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 116.14% from −US$50.2 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$108.5 million | 2024 |
| Five years earlier | −US$90.3 million | 2019 |
| Ten years earlier | −US$50.2 million | 2014 |
| Highest | −US$48.4 million | 2015 |
| Lowest | −US$108.5 million | 2024 |
| Average since 2015 | −US$78.95 million | 2015–2024 |
| First recorded | −US$50.2 million |
What the numbers say
In 2024, Turks and Caicos Islands' net secondary income (net current transfers from abroad) (current US$) fell US$12.4 million on 2023 (from −US$96.1 million to −US$108.5 million).
Across the 9 yearly changes before that (2015 to 2023), the average change was −US$5.1 million and a typical year strayed about US$11.47 million from that (the standard deviation). This year's change was 0.6 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 US$16.8 million in 2021 and the biggest yearly fall was US$17.9 million in 2018. 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 downward, about US$5.05 million a year. A straight line explains 70% 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 32nd highest value of the 54 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
- Bahamas, The — 29th of 54: −US$29.9 million
- Aruba — 30th of 54: −US$79.9 million
- Sint Maarten (Dutch part) — 31st of 54: −US$97.99 million
- Panama — 33rd of 54: −US$218.83 million
- Bermuda — 34th of 54: −US$229 million
- Iceland — 35th of 54: −US$383.05 million
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 11 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | -108,500,000 |
| 2023 | -96,100,000 |
| 2022 | -84,800,000 |
| 2021 | -67,200,000 |
| 2020 | -84,000,000 |
| 2019 | -90,300,000 |
| 2018 | -84,500,000 |
| 2017 | -66,600,000 |
| 2016 | -59,100,000 |
| 2015 | -48,400,000 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Antigua and Barbuda — −US$105.78 million (2025)
- Argentina — US$2.19 billion (2025)
- Aruba — −US$79.9 million (2024)
- Bahamas, The — −US$29.9 million (2024)
- Barbados — US$90.5 million (2025)
- Belize — US$149.91 million (2025)
- Bolivia — US$1.19 billion (2025)
- Brazil — US$5.22 billion (2025)
- Cayman Islands
More economic policy & debt data for Turks and Caicos Islands
- Adjusted savings, education expenditure (% of GNI) — 2.29% (2021)
- Adjusted savings, net forest depletion (current US$) — US$30,821 (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Adjusted savings, energy depletion (current US$) — US$0 (2021)
- Agriculture, forestry, and fishing, value added (current LCU) — 6.14 million (2024)
- Agriculture, forestry, and fishing, value added (% of GDP) — 0.35% (2024)
- Manufacturing, value added (current LCU) — 7.8 million (2024)
- Manufacturing, value added (% of GDP) — 0.45% (2024)
Reading data like this
Questions people ask
- What is Turks and Caicos Islands's net secondary income (net current transfers from abroad) (current US$)?
- −US$108.5 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2014?
- It is down 116.14% from −US$50.2 million in 2014. The highest value was −US$48.4 million in 2015 and the lowest −US$108.5 million in 2024.
- How does Turks and Caicos Islands rank?
- 32nd highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Turks and Caicos Islands?
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.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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