Turks and Caicos Islands: Price level index (GDP)

Key figures

What the numbers say

In 2024, Turks and Caicos Islands' price level index (GDP) fell 1.62 on 2023 (from 100.3 to 98.68).

Across the 16 yearly changes before that (2008 to 2023), the average change was +0.52 and a typical year strayed about 4.86 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 13.37 in 2011 and the biggest yearly fall was 5.63 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 4th 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

• Bermuda — 1st of 10: 119.81
• Cayman Islands — 2nd of 10: 113.12
• Bahamas, The — 4th of 10: 95.63
• Faroe Islands — 5th of 10: 90.36
• Aruba — 6th of 10: 74.63

What this measures

The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.

Limitations: Global PPP estimates underlying this indicator 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. Price level index are not recommended to use as a precise measure to establish strict rankings of countries.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator in wdi..

All 18 values

Price level index (GDP) in nearby economies

• Antigua and Barbuda — 69.26 (2025)
• Argentina — 45.72 (2025)
• Aruba — 74.63 (2024)
• Bahamas, The — 95.63 (2024)
• Barbados — 109.54 (2025)
• Belize — 52.56 (2025)
• Bolivia — 39.99 (2025)
• Brazil — 45.72 (2025)
• Cayman Islands — 113.12 (2024)
• Chile — 47.64 (2025)
• Colombia — 37.82 (2025)
• Costa Rica — 59.06 (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 (current LCU) — 7.8 million (2024)
• Manufacturing, value added (% of GDP) — 0.45% (2024)

Reading data like this

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Questions people ask

What is Turks and Caicos Islands's price level index (GDP)?

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

How has it changed since 2007?

It is up 7.25% from 92 in 2007 (0.41% a year on average, compounded). The highest value was 109.8 in 2012 and the lowest 89.47 in 2010.

How does Turks and Caicos Islands rank?

4th highest of 10 economies with data for 2024.

Is the latest change in price level index (GDP) unusual for Turks and Caicos Islands?

In 2024, Turks and Caicos Islands' price level index (GDP) fell 1.62 on 2023 (from 100.3 to 98.68). Across the 16 yearly changes before that (2008 to 2023), the average change was +0.52 and a typical year strayed about 4.86 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.

Source

World Bank, World Development Indicators, indicator PA.NUS.GDP.PLI, licensed CC BY 4.0. Original source: World Development Indicators, World Bank (WB), uri: https://databank.worldbank.org/source/world-development-indicators, publisher: World Development Indicators 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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