Services, value added in Turks and Caicos Islands
Turks and Caicos Islands: Services, value added was 1.22 billion constant LCU in 2024. ▲ Rising
Services, value added in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Turks and Caicos Islands is 1.22 billion constant LCU, measured in 2024. That is the highest value across all 18 years on record.
That represents a change of up 5.1% on the previous year and up 155.3% over ten years.
Over the whole period, services, value added in Turks and Caicos Islands peaked at 1.22 billion constant LCU in 2024 and was at its lowest, 440.49 million constant LCU, in 2009.
Turks and Caicos Islands ranks 190th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 479.95 million constant LCU | 440.49 million constant LCU | 529.46 million constant LCU | 3 |
| 2010s | 639.14 million constant LCU | 452.17 million constant LCU | 1.06 billion constant LCU | 10 |
| 2020s | 992.39 million constant LCU | 674.60 million constant LCU | 1.22 billion constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 187 Grenada 1.71 billion constant LCU compare
- 188 Saint Kitts and Nevis 1.67 billion constant LCU compare
- 189 Liberia 1.61 billion constant LCU compare
- 191 East Timor 1.17 billion constant LCU compare
- 192 Dominica 1.03 billion constant LCU compare
- 193 San Marino 805.90 million constant LCU compare
More economy & growth data for Turks and Caicos Islands
- Agriculture, forestry, and fishing, value added 2.1% (2024)
- Gross value added at basic prices (GVA) 1.44 billion current US$ (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 LCU (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 services, value added in Turks and Caicos Islands?
- Services, value added in Turks and Caicos Islands was 1.22 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Turks and Caicos Islands?
- The highest recorded value was 1.22 billion constant LCU in 2024.
- What is the lowest services, value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 440.49 million constant LCU in 2009.
- How does Turks and Caicos Islands rank for services, value added?
- Turks and Caicos Islands ranks 190th out of 198 countries with data for 2024.
- Is services, value added rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 155.3%. 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 Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.