GDP growth — all countries

GDP growth — Turks and Caicos Islands

GDP growth in the Turks and Caicos Islands in 2024 — 5.64%. Ranked 31 in the world out of 200. Since 2008, the indicator has fallen by 2.64 pp.

2024 5.64% −8.09 pp vs 2023
World rank 31of 200
Period maximum 74.59%2017
Period minimum -33.82%2020

Trend over time

2008–2024 · % per year

GDP growth — Turks and Caicos Islands, 2008–2024-500501002008201020122014201620182020202220242008: 8.27%2009: -19.55%2010: 0.98%2011: 4.62%2012: -2.67%2013: 1.07%2014: 8.71%2015: 11.31%2016: 7.25%2017: 74.59%2018: 6.75%2019: 4.98%2020: -33.82%2021: 29.63%2022: 14.09%2023: 13.73%2024: 5.64%
Change over the period: −2.64 pp Annual average: -0.16 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Turks and Caicos Islands

Turks and Caicos Islands 5.64%
World 2.9%
Caribbean computed 3.12%
High-income countries computed 2.02%
GDP growth — Turks and Caicos Islands, by year Turks and Caicos Islands All countries CSV XLSX
Year % Change, pp
2024 5.64 −8.09 pp
2023 13.73 −0.36 pp
2022 14.09 −15.54 pp
2021 29.63 +63.45 pp
2020 -33.82 −38.8 pp
2019 4.98 −1.77 pp
2018 6.75 −67.84 pp
2017 74.59 +67.34 pp
2016 7.25 −4.06 pp
2015 11.31 +2.6 pp
2014 8.71 +7.64 pp
2013 1.07 +3.74 pp
2012 -2.67 −7.29 pp
2011 4.62 +3.64 pp
2010 0.98 +20.54 pp
2009 -19.55 −27.82 pp
2008 8.27

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

Source: World Development Indicators (World Bank), license CC BY 4.0.