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Services value added — all countries

Services value added — Turks and Caicos Islands

Services value added in the Turks and Caicos Islands in 2024 — 1,267,767,000 US$. Ranked 171 in the world out of 188. Since 2001, the indicator has risen by 340.3%.

2024 1.27B US$ +5.13% vs 2023
World rank 171of 188
Period maximum 1.27B US$2024
Period minimum 288M US$2001

Trend over time

2001–2024 · US$

Services value added — Turks and Caicos Islands, 2001–20240500M1B1.5B2001200420072010201320162019202220242001: 287,915,200 US$2002: 288,766,300 US$2003: 310,514,400 US$2004: 360,282,600 US$2005: 423,345,800 US$2006: 516,201,100 US$2007: 578,901,000 US$2008: 668,051,000 US$2009: 568,826,000 US$2010: 572,904,000 US$2011: 665,004,000 US$2012: 648,084,000 US$2013: 670,706,000 US$2014: 728,884,000 US$2015: 812,233,000 US$2016: 925,340,000 US$2017: 912,756,000 US$2018: 995,974,000 US$2019: 1,073,897,000 US$2020: 693,098,000 US$2021: 915,585,000 US$2022: 1,038,825,000 US$2023: 1,205,917,000 US$2024: 1,267,767,000 US$
Change over the period: +980M (+340.33%) Average annual rate: 6.66 %

Comparison, 2024

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

Turks and Caicos Islands 1.27B US$
World 70.69T US$
Latin America & Caribbean 4.8T US$
High-income countries computed 25.79T US$
Services value added — Turks and Caicos Islands, by year Turks and Caicos Islands All countries CSV XLSX
Year US$ Change Change, %
2024 1.27B +61.85M +5.13%
2023 1.21B +167M +16.08%
2022 1.04B +123M +13.46%
2021 916M +222M +32.1%
2020 693M −381M −35.46%
2019 1.07B +77.92M +7.82%
2018 996M +83.22M +9.12%
2017 913M −12.58M −1.36%
2016 925M +113M +13.93%
2015 812M +83.35M +11.44%
2014 729M +58.18M +8.67%
2013 671M +22.62M +3.49%
2012 648M −16.92M −2.54%
2011 665M +92.1M +16.08%
2010 573M +4.08M +0.72%
2009 569M −99.23M −14.85%
2008 668M +89.15M +15.4%
2007 579M +62.7M +12.15%
2006 516M +92.86M +21.93%
2005 423M +63.06M +17.5%
2004 360M +49.77M +16.03%
2003 311M +21.75M +7.53%
2002 289M +851,100 +0.3%
2001 288M — —

Caribbean, 2024

The same indicator for neighboring countries — with links to their pages

DO Dominican Republic 74.34B PR Puerto Rico 65.29B TT Trinidad and Tobago 15.17B JM Jamaica 13.2B HT Haiti 12.77B BS Bahamas 12.22B KY Cayman Islands 6.72B BB Barbados 5.76B CW Curaçao 2.57B LC Saint Lucia 1.95B AG Antigua and Barbuda 1.51B TC Turks and Caicos Islands 1.27B GD Grenada 891M VC Saint Vincent and the Grenadines 768M KN Saint Kitts and Nevis 742M DM Dominica 392M
Full table for all countries

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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

Other indicators for the Turks and Caicos Islands

Economy Services share of GDP

The contribution of trade, transport, finance, IT and public administration to value added.

Turks and Caicos Islands by year Economy Industry value added

How much a country's industry creates in money terms — all of it, including mining, construction and utilities.

Turks and Caicos Islands by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Turks and Caicos Islands by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Turks and Caicos Islands by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Turks and Caicos Islands by year
All indicators for the Turks and Caicos Islands