Turks and Caicos Islands GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Turks and Caicos Islands's gdp deflator was 0.38% in 2025, ranked 197th globally. This represents a 53.9% decrease from 2024. Data from World Bank, covering 2008–2025.
Overview
Turks and Caicos Islands's gdp deflator stood at 0.38% in 2025, a decline of +0.45pp from 2024. Based on recent trends, this figure is projected to reach 0.38% by 2025. Turks and Caicos Islands ranked 197th globally.
The Turks and Caicos Islands’ GDP deflator has fallen sharply from an all‑time peak of 17.32 % in 2011 to an all‑time trough of –42.92 % in 2017, reflecting a period of pronounced price deflation that coincided with the global financial slowdown and regional tourism downturn. After 2017 the index recovered modestly, reaching 3.01 % in the earliest year of the 18‑year series (2008) and further declining to a marginal 0.38 % in 2025, placing the territory at rank 197 worldwide. This 2025 figure is lower than the comparable 0.70 % recorded by Costa Rica and the 0.73 % of Malaysia, and only slightly above Djibouti’s 0.27 % and Bahrain’s 0.21 %. The persistently low deflator suggests limited inflationary pressure, but any resurgence in tourism demand or fiscal stimulus could reignite price growth and shift the trajectory upward.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -0.43% | - | - |
| 2026* trend | -0.02% | - | - |
| 2025* trend | 0.38% | - | - |
| 2025 | 0.38% | −0.45pp | #197 |
| 2024 | 0.83% | +0.36pp | #25 |
| 2023 | 0.47% | −1.20pp | #30 |
| 2022 | 1.66% | −2.20pp | #14 |
| 2021 | 3.86% | +2.71pp | #93 |
| 2020 | 1.15% | +1.73pp | #81 |
| 2019 | -0.58% | −3.35pp | #19 |
| 2018 | 2.77% | +45.69pp | #104 |
| 2017 | -42.92% | −46.86pp | #1 |
| 2016 | 3.94% | +2.68pp | #148 |
| 2015 | 1.26% | −0.66pp | #77 |
| 2014 | 1.93% | −0.64pp | #103 |
| 2013 | 2.56% | +1.05pp | #118 |
| 2012 | 1.51% | −15.81pp | #51 |
| 2011 | 17.32% | +20.60pp | #189 |
Analysis
Turks and Caicos Islands's gdp deflator was 0.38% in 2025, a decline of −0.45pp from 2024. Based on trends, estimated 0.38% by 2025.
Frequently Asked Questions
Turks and Caicos Islands's gdp deflator was 0.38% in 2025. Ranked 197th globally. This represents a 53.9% decrease from the previous year.
Turks and Caicos Islands's gdp deflator peaked at 17.32% in 2011.
The lowest gdp deflator in Turks and Caicos Islands was -42.92% in 2017.
Turks and Caicos Islands ranks 197th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Turks and Caicos Islands's gdp deflator is projected to reach 0.38% by 2025 based on trend extrapolation.
The gdp deflator of Turks and Caicos Islands in 2025 was 0.38%. This ranks 197th in the world.
Cite this page
@misc{historysaid_turks-and-caicos-islands_gdp-deflator,
title = {Turks and Caicos Islands GDP Deflator},
url = {https://historysaid.com/turks-and-caicos-islands/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}