Turks and Caicos Islands GDP
Gross domestic product at current prices, in US dollars.
GDP in the Turks and Caicos Islands increased to 1.75 USD billion in 2024 from 1.64 USD billion in 2023.
Turks and Caicos Islands GDP — History
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Turks and Caicos Islands GDP — analysis in simple words
Latest reading
GDP in the Turks and Caicos Islands increased to 1.75 USD billion in 2024 from 1.64 USD billion in 2023.
It has risen in each of the last three years.
Recent trend
A year earlier (2023) it was $1.6B, so the latest figure is $0.1B higher.
Over the past five years the average was $1.4B, with a range from $0.9B to $1.7B. The latest value is above that five-year average.
Historical context
This data series starts in 2001 and has 24 annual observations. The latest reading is higher than 96% of all of them.
The highest value on record is $1.7B (2024) and the lowest is $0.4B (2001). The long-run average is $0.9B.
Compared with other countries
Among 214 economies with recent data, Turks and Caicos Islands ranks 197th from the top. The median across all these economies is $38.4B, so Turks and Caicos Islands is below the typical country.
Within Latin America & Caribbean (41 economies with data) it ranks 36th; the regional median is $27.1B.
Statistics
- Latest
- $1.7B2024
- Previous
- $1.6B
- 5-year average
- $1.4B
- Long-run average
- $0.9Bsince 2001
- All-time high
- $1.7B2024
- All-time low
- $0.4B2001
- Observations
- 24Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | $1.7B | ▲ +0.1 |
| 2023 | $1.6B | ▲ +0.2 |
| 2022 | $1.4B | ▲ +0.2 |
| 2021 | $1.2B | ▲ +0.3 |
| 2020 | $0.9B | ▼ −0.5 |
| 2019 | $1.4B | ▲ +0.1 |
| 2018 | $1.3B | ▲ +0.1 |
| 2017 | $1.2B | ▼ −0.0 |
| 2016 | $1.2B | ▲ +0.1 |
| 2015 | $1.1B | ▲ +0.1 |
| 2014 | $1.0B | ▲ +0.1 |
| 2013 | $0.9B | ▲ +0.0 |
| 2012 | $0.8B | ▼ −0.0 |
| 2011 | $0.8B | ▲ +0.2 |
| 2010 | $0.7B | ▼ −0.0 |
| 2009 | $0.7B | ▼ −0.2 |
| 2008 | $0.9B | ▲ +0.1 |
| 2007 | $0.8B | ▲ +0.1 |
| 2006 | $0.7B | ▲ +0.1 |
| 2005 | $0.6B | ▲ +0.1 |
| 2004 | $0.5B | ▲ +0.1 |
| 2003 | $0.4B | ▲ +0.0 |
| 2002 | $0.4B | ▲ +0.0 |
| 2001 | $0.4B |
GDP — Turks and Caicos Islands vs Peers
Latest available reading for each economy (periods may differ). Turks and Caicos Islands highlighted.
More Turks and Caicos Islands indicators
Understanding GDP — a simple guide
What it measures
The total value of goods and services produced in a year, at current prices, converted to US dollars.
How it is calculated
The total value of all final goods and services produced in a year at current prices, converted into US dollars at market exchange rates.
A GDP of $4,000 billion ($4 trillion) means the economy produced goods and services worth that amount in one year.
A larger GDP means a bigger economy. Market size matters for companies, trade and global influence.
A smaller GDP means a smaller economy — but growth rate and income per person matter as much as size.
Why it matters for the economy and markets
Dollar GDP measures the absolute size of an economy and is used to rank economies and scale other figures (debt, trade, reserves).
How to read it
Year-to-year changes include currency movements and inflation, so use the real GDP growth rate to judge actual economic expansion.
What to look at alongside it
GDP growth rate, GDP per capita and exchange rate movements.
Key terms
- Nominal GDP
- GDP at current prices, not adjusted for inflation.
- Trillion
- 1,000 billion.
Data source
World Bank — World Development Indicators (series NY.GDP.MKTP.CD), annual data from 2001 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gdp of Turks and Caicos Islands?
What is the highest and lowest gdp of Turks and Caicos Islands?
What does gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.