Turks and Caicos Islands Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Turks and Caicos Islands's current account balance was 13.14% in 2018, ranked 181st globally. This represents a 349.6% increase from 2017. Data from World Bank, covering 2014–2018.
Overview
Turks and Caicos Islands's current account balance stood at 13.14% in 2018, a rise of +10.22% from 2017. Turks and Caicos Islands ranked 181st globally.
Turks and Caicos Islands recorded a current‑account surplus of 13.14 % of GDP in 2018, placing the territory at rank 181 globally according to World Bank data. The five‑year series shows a modest upward trajectory from 11.27 % in 2014, punctuated by an all‑time peak of 20.55 % in 2016 and a sharp dip to a trough of 2.92 % in 2017, suggesting that the 2016 surge was likely driven by extraordinary export earnings or fiscal inflows that were not sustained the following year. Compared with peers of similar rank, the Islands’ 2018 surplus exceeds Malta’s 13.35 % and is comparable to Azerbaijan’s 12.68 %, indicating relatively strong external balances within this group. The recent rebound from the 2017 trough points to a resilient external sector, yet the magnitude of the 2016 peak remains an outlier. Continued diversification of export markets and stable tourism demand will be crucial to maintain the upward trend and avoid future volatility.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2018 | 13.14% | +10.22% | #181 |
| 2017 | 2.92% | −17.63% | #154 |
| 2016 | 20.55% | +6.31% | #194 |
| 2015 | 14.24% | +2.97% | #190 |
| 2014 | 11.27% | – | #180 |
Analysis
Turks and Caicos Islands's current account balance was 13.14% in 2018, a rise of +10.22% from 2017.
Frequently Asked Questions
Turks and Caicos Islands's current account balance was 13.14% in 2018. Ranked 181st globally. This represents a 349.6% increase from the previous year.
Turks and Caicos Islands's current account balance peaked at 20.55% in 2016.
The lowest current account balance in Turks and Caicos Islands was 2.92% in 2017.
Turks and Caicos Islands ranks 181st globally in current account balance as of 2018.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
The current account balance of Turks and Caicos Islands in 2018 was 13.14%. This ranks 181st in the world.
Cite this page
@misc{historysaid_turks-and-caicos-islands_current-account,
title = {Turks and Caicos Islands Current Account Balance},
url = {https://historysaid.com/turks-and-caicos-islands/current-account/},
publisher = {HistorySaid},
year = {2026}
}