Gross value added at basic prices (GVA) in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) was 1.44 billion current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Turks and Caicos Islands stood at 1.44 billion current LCU. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 5.1% on the previous year and up 77.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Turks and Caicos Islands peaked at 1.44 billion current LCU in 2024 and was at its lowest, 284.38 million current LCU, in 2000.
That places Turks and Caicos Islands 199th out of 206 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 485.48 million current LCU | 284.38 million current LCU | 757.61 million current LCU | 10 |
| 2010s | 887.71 million current LCU | 590.23 million current LCU | 1.20 billion current LCU | 10 |
| 2020s | 1.17 billion current LCU | 799.39 million current LCU | 1.44 billion current LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 196 East Timor 1.93 billion current LCU compare
- 197 San Marino 1.74 billion current LCU compare
- 198 Dominica 1.63 billion current LCU compare
- 200 Tonga 1.32 billion current LCU compare
- 201 Kiribati 530.28 million current LCU compare
- 202 Micronesia (country) 457.34 million current LCU compare
More economy & growth data for Turks and Caicos Islands
- Agriculture, forestry, and fishing, value added 2.1% (2024)
- GDP deflator 107.57 base year varies by country (2024)
- Manufacturing, value added 9.04 million constant 2015 US$ (2024)
- Manufacturing, value added 7.80 million current LCU (2024)
- Manufacturing, value added 7.80 million current US$ (2024)
- Gross value added at basic prices (GVA) 1.44 billion current US$ (2024)
- Gross value added at basic prices (GVA) 2.34 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 5.48 million constant LCU (2024)
- Foreign direct investment, net inflows 2.5% (2024)
- GDP 1.75 billion current LCU (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Turks and Caicos Islands?
- Gross value added at basic prices (gva) in Turks and Caicos Islands was 1.44 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The highest recorded value was 1.44 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The lowest recorded value was 284.38 million current LCU in 2000.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva)?
- Turks and Caicos Islands ranks 199th out of 206 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 77.4%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.