Turks and Caicos Islands GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Turks and Caicos Islands's gdp was $1.7B in 2024, ranked 17th globally. This represents a 6.5% increase from 2023. Data from World Bank, covering 2001–2024.
Overview
Turks and Caicos Islands's gdp stood at $1.7B in 2024, a rise of +$106.7M from 2023. Turks and Caicos Islands ranked 17th globally.
The Turks and Caicos Islands have experienced steady growth in their GDP over the past two decades, with the latest value reaching 1,745,378,000.00 in 2024. This represents a significant increase from the all-time trough of 358,744,800.00 in 2001, marking a 385.6% growth. The country's GDP has surpassed that of its peer, the Solomon Islands, and remains below that of Sint Maarten (Dutch part) and Timor-Leste. The peak value of 1,745,378,000.00 in 2024 indicates a continued upward trend in the country's economic development. A potential shift in the global tourism landscape, as the primary driver of the Turks and Caicos Islands' economy, could impact the country's trajectory. Changes in global travel restrictions, cruise ship capacity, or the rise of alternative tourist destinations may influence the country's economic growth, warranting close monitoring of these factors to inform future policy decisions.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2024 | $1.7B | +$106.7M | #17 |
| 2023 | $1.6B | +$204.5M | #17 |
| 2022 | $1.4B | +$197.7M | #18 |
| 2021 | $1.2B | +$318.1M | #18 |
| 2020 | $918.4M | −$453.5M | #16 |
| 2019 | $1.4B | +$57.5M | #19 |
| 2018 | $1.3B | +$116.4M | #19 |
| 2017 | $1.2B | −$4.1M | #18 |
| 2016 | $1.2B | +$123.8M | #17 |
| 2015 | $1.1B | +$121.7M | #18 |
| 2014 | $956.6M | +$93.3M | #18 |
| 2013 | $863.3M | +$30.5M | #16 |
| 2012 | $832.8M | −$10.1M | #17 |
| 2011 | $842.9M | +$156.2M | #18 |
| 2010 | $686.8M | −$16.4M | #13 |
Analysis
Turks and Caicos Islands's gdp was $1.7B in 2024, a rise of +$106.7M from 2023.
Frequently Asked Questions
Turks and Caicos Islands's gdp was $1.7B in 2024. Ranked 17th globally. This represents a 6.5% increase from the previous year.
Turks and Caicos Islands's gdp peaked at $1.7B in 2024.
The lowest gdp in Turks and Caicos Islands was $358.7M in 2001.
Turks and Caicos Islands ranks 17th globally in gdp as of 2024.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Turks and Caicos Islands's gdp was approximately 1.75 billion ($1.7B) in 2024.
The gdp of Turks and Caicos Islands in 2024 was $1.7B. This ranks 17th in the world.
Cite this page
@misc{historysaid_turks-and-caicos-islands_gdp,
title = {Turks and Caicos Islands GDP},
url = {https://historysaid.com/turks-and-caicos-islands/gdp/},
publisher = {HistorySaid},
year = {2026}
}