Turks and Caicos Islands's PPP conversion factor, GDP (LCU per international $) was 0.99 in 2024, the latest year in the World Bank's World Development Indicators. That is down 7.64% from 1.07 in 2014 (0.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.99 | 2024 |
| Five years earlier | 1.02 | 2019 |
| Ten years earlier | 1.07 | 2014 |
| Highest | 1.1 | 2012 |
| Lowest | 0.89 | 2010 |
| Average since 2015 | 1.03 | 2015–2024 |
| First recorded | 0.92 | 2007 |
What the numbers say
In 2024, Turks and Caicos Islands' PPP conversion factor, GDP (LCU per international $) fell 0.02 on 2023 (from 1 to 0.99).
Across the 16 yearly changes before that (2008 to 2023), the average change was +0.00518 and a typical year strayed about 0.05 from that (the standard deviation). This year's change was 0.4 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 0.13 in 2011 and the biggest yearly fall was 0.06 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 12% 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 9th highest value of the 10 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
- Aruba — 5th of 10: 1.34
- Curaçao — 6th of 10: 1.25
- Bermuda — 7th of 10: 1.2
- Bahamas, The — 9th of 10: 0.96
- Cayman Islands — 10th of 10: 0.94
What this measures
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.
Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.
Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..
All 18 values
| Year | PPP conversion factor, GDP (LCU per international $) |
|---|---|
| 2024 | 0.9868 |
| 2023 | 1 |
| 2022 | 1.04 |
| 2021 | 1.09 |
| 2020 | 1.06 |
| 2019 | 1.02 |
| 2018 | 1.02 |
| 2017 | 0.9972 |
| 2016 | 1.05 |
| 2015 | 1.07 |
| 2014 |
PPP conversion factor, GDP (LCU per international $) in nearby economies
- Antigua and Barbuda — 1.87 (2025)
- Argentina — 567.3 (2025)
- Aruba — 1.34 (2024)
- Bahamas, The — 0.96 (2024)
- Barbados — 2.19 (2025)
- Belize — 1.05 (2025)
- Bolivia — 2.76 (2025)
- Brazil — 2.55 (2025)
- Cayman Islands — 0.94 (2024)
- Chile
More economic policy & debt data for Turks and Caicos Islands
- Adjusted savings, education expenditure (% of GNI) — 2.29% (2021)
- Adjusted savings, net forest depletion (current US$) — 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 PPP conversion factor, GDP (LCU per international $)?
- 0.99 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 7.25% from 0.92 in 2007 (0.41% a year on average, compounded). The highest value was 1.1 in 2012 and the lowest 0.89 in 2010.
- How does Turks and Caicos Islands rank?
- 9th highest of 10 economies with data for 2024.
- Is the latest change in PPP conversion factor, GDP (LCU per international $) unusual for Turks and Caicos Islands?
Source
World Bank, World Development Indicators, indicator PA.NUS.PPP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… 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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