Service exports — all countries

Service exports — Turks and Caicos Islands

Service exports in the Turks and Caicos Islands in 2018 — 821,023,789 US$. Ranked 131 in the world out of 183. Since 2014, the indicator has risen by 33.6%.

2018 821M US$ +36.78% vs 2017
World rank 131of 183
Period maximum 821M US$2018
Period minimum 600M US$2017

Trend over time

2014–2018 · US$

Service exports — Turks and Caicos Islands, 2014–2018600M700M800M900M201420152016201720182014: 614,334,845 US$2015: 649,916,369 US$2016: 736,688,029 US$2017: 600,273,142 US$2018: 821,023,789 US$
Change over the period: +207M (+33.64%) Average annual rate: 7.52 %

Comparison, 2018

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

Turks and Caicos Islands 821M US$
World 6.2T US$
High-income countries computed 4.84T US$
Service exports — Turks and Caicos Islands, by year Turks and Caicos Islands All countries CSV XLSX
Year US$ Change Change, %
2018 821M +221M +36.78%
2017 600M −136M −18.52%
2016 737M +86.77M +13.35%
2015 650M +35.58M +5.79%
2014 614M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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