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Turks and Caicos Islands: GDP (constant 2015 US$)

In , Turks and Caicos Islands's GDP (constant 2015 US$) was $2.66 billion.

That's up 5.6% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Turks and Caicos Islands ranks #168 globally out of 192 reporting countries. Within Latin America & Caribbean, it ranks #30 of 38.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2007–2024)

Turks and Caicos Islands GDP (constant 2015 US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
$2.66B
Trough
857.31M
1-year change
+5.6%
5-year change
+17.6%
+3.3% / yr
10-year change
+174.7%
+10.6% / yr

Historical Data — Last 10 Years

Year GDP (constant 2015 US$)
2.661B
2.519B
2.215B
1.941B
1.498B
2.263B
2.155B
2.019B
1.156B
1.078B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Turks and Caicos Islands's GDP (constant 2015 US$) in 2024?
In 2024, Turks and Caicos Islands's GDP (constant 2015 US$) was $2.66 billion, according to World Bank Open Data.
Is Turks and Caicos Islands's GDP (constant 2015 US$) rising or falling?
Turks and Caicos Islands's GDP (constant 2015 US$) rose 5.6% from 2023 to 2024.
How does Turks and Caicos Islands rank globally on GDP (constant 2015 US$)?
In 2024, Turks and Caicos Islands ranked #168 out of 192 countries reporting GDP (constant 2015 US$).
How does Turks and Caicos Islands's GDP (constant 2015 US$) compare to the world average?
The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Turks and Caicos Islands is below the world average. Within Latin America & Caribbean, it ranks #30 of 38.
What is GDP (constant 2015 US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.