Turks and Caicos Islands GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Turks and Caicos Islands's gdp growth was 5.64% in 2024, ranked 29th globally. This represents a 58.9% decrease from 2023. Data from World Bank, covering 2008–2024.
Overview
Turks and Caicos Islands's gdp growth stood at 5.64% in 2024, a decline of +8.09pp from 2023. Turks and Caicos Islands ranked 29th globally.
Turks and Caicos Islands recorded a GDP growth rate of 5.64 % in 2024, placing it 29th globally, and this figure remains close to the performance of peers such as the Philippines (5.69 %) and Ghana (5.59 %). The territory’s growth trajectory has been highly volatile over the 17‑year span covered, swinging from an all‑time peak of 74.59 % in 2017, driven by a surge in tourism and related services, to an all‑time trough of –33.82 % in 2020 when the COVID‑19 pandemic sharply curtailed visitor arrivals and disrupted the local economy. The early baseline in 2008 was 8.27 %, indicating that the post‑pandemic rebound has not yet restored the pre‑crisis pace of expansion. While the 2024 rate suggests a solid recovery, future growth will hinge on the resilience of the tourism sector, diversification efforts, and the ability to attract investment amid global economic uncertainties.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2024 | 5.64% | −8.09pp | #29 |
| 2023 | 13.73% | −0.36pp | #4 |
| 2022 | 14.09% | −15.54pp | #7 |
| 2021 | 29.63% | +63.45pp | #2 |
| 2020 | -33.82% | −38.80pp | #211 |
| 2019 | 4.98% | −1.77pp | #50 |
| 2018 | 6.75% | −67.84pp | #17 |
| 2017 | 74.59% | +67.34pp | #1 |
| 2016 | 7.25% | −4.06pp | #12 |
| 2015 | 11.31% | +2.60pp | #2 |
| 2014 | 8.71% | +7.64pp | #8 |
| 2013 | 1.07% | +3.74pp | #157 |
| 2012 | -2.67% | −7.29pp | #193 |
| 2011 | 4.62% | +3.64pp | #84 |
| 2010 | 0.98% | +20.54pp | #173 |
Analysis
Turks and Caicos Islands's gdp growth was 5.64% in 2024, a decline of −8.09pp from 2023.
Frequently Asked Questions
Turks and Caicos Islands's gdp growth was 5.64% in 2024. Ranked 29th globally. This represents a 58.9% decrease from the previous year.
Turks and Caicos Islands's gdp growth peaked at 74.59% in 2017.
The lowest gdp growth in Turks and Caicos Islands was -33.82% in 2020.
Turks and Caicos Islands ranks 29th globally in gdp growth as of 2024.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Turks and Caicos Islands in 2024 was 5.64%. This ranks 29th in the world.
Cite this page
@misc{historysaid_turks-and-caicos-islands_gdp-growth,
title = {Turks and Caicos Islands GDP Growth},
url = {https://historysaid.com/turks-and-caicos-islands/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}