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Indicators of economy on the Turks and Caicos Islands

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP on the Turks and Caicos Islands reached 23.880 US dollars per inhabitant, or 924.58 m US Dollar in the whole country. The Turks and Caicos Islands is currently at number 196 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then the Turks and Caicos Islands is in the list of the world's richest countries in place 63.

Compared with the USA, prices for daily consumer goods are around 24.6% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Turks and Caicos Islands

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable on the Turks and Caicos Islands. Overall, gross domestic product in 2020 fell from 1.20 billion US Dollar auf 924.58 million US Dollar. With a large drop of 22.79 percent, the economy on the Turks and Caicos Islands has struggled significantly more than other countries.

Economic performance 2020

 Turks and Caicos Islands
Total
Turks and Caicos Islands
per capita
EU
Total
EU
per capita
GDP924.58 m USD23,879.93 USD15,291.93 tn USD29,692.11 USD
Gross national product1.16 bn USD29,839.76 USD15,330.84 tn USD29,767.66 USD


Development of gross domestic product in million US Dollar 2001 - 2020



Im- and Exports 2018

 Turks and Caicos Islands
Total
Turks and Caicos Islands
per capita
EU
Total
EU
per capita
Imports544.22 m USD14,055.99 USD7,340.01 bn USD14,251.98 USD
Exports826.82 m USD21,354.93 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 2014 - 2018

Exports
Imports



Turks and Caicos Islands: AirportsThe 4 airports on the Turks and Caicos IslandsThe 4 biggest airports on the Turks and Caicos Islands with further information on airlines and destinations
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