World Factbook

Turks and Caicos Islands

Last updated: 2026-03-28 (today)

Budget

revenues

$247.3 million (2017 est.)

expenditures

$224.3 million (2017 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2016

$741.173 million (2016 est.)

Exports 2017

$602.581 million (2017 est.)

Exports 2018

$826.824 million (2018 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2016

$438.041 million (2016 est.)

Imports 2017

$484.842 million (2017 est.)

Imports 2018

$544.219 million (2018 est.)

Industries

tourism, offshore financial services

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0% of GDP (2021 est.)

Remittances 2022

0% of GDP (2022 est.)

Remittances 2023

0% of GDP (2023 est.)

Exchange rates

the US dollar is used

Economic overview

British Caribbean island territorial economy; GDP and its tourism industry hit hard by COVID-19 disruptions; major biodiversity locale; US dollar user; fossil fuel dependent; negative trade balance; increasing unemployment

Exports - partners

Gabon 27%, USA 25%, Zimbabwe 17%, Czechia 8%, UAE 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

USA 73%, Dominican Republic 4%, Italy 3%, Japan 3%, China 2% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$28,200 (2022 est.)

Real GDP per capita 2023

$31,800 (2023 est.)

Real GDP per capita 2024

$33,400 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

14.1% (2022 est.)

Real GDP growth rate 2023

13.7% (2023 est.)

Real GDP growth rate 2024

5.6% (2024 est.)

Agricultural products

corn, beans, cassava (manioc, tapioca), citrus fruits; fish

Exports - commodities

plastics, shellfish, carbonates, tobacco, garments (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, cars, aluminum structures, furniture, plastic products (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2016

$247.081 million (2016 est.)

Current account balance 2017

$35.016 million (2017 est.)

Current account balance 2018

$172.709 million (2018 est.)

GDP (official exchange rate)

$1.745 billion (2024 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

2.3% (2020 est.)

Inflation rate (consumer prices) 2021

5% (2021 est.)

Inflation rate (consumer prices) 2022

8.5% (2022 est.)

Industrial production growth rate

9% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$1.293 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.471 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.554 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

9.3% (2024 est.)

services

72.6% (2024 est.)

agriculture

0.4% (2024 est.)