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

In , Turks and Caicos Islands's GDP per capita (constant 2015 US$) was 57,179.30.

That's up 4.9% from 2023, the highest value on record.

The global average for this indicator in 2024 was 17,657.68 . Turks and Caicos Islands ranks #15 globally out of 192 reporting countries. Within Latin America & Caribbean, it ranks #1 of 38.

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

Trend (2007–2024)

Turks and Caicos Islands GDP per capita (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
57,179.30
Trough
26,477.54
1-year change
+4.9%
5-year change
+9.1%
+1.8% / yr
10-year change
+106.9%
+7.5% / yr

Historical Data — Last 10 Years

Year GDP per capita (constant 2015 US$)
57,179.2960
54,523.0331
48,307.3079
42,907.7492
33,739.4254
52,419.8862
51,863.1830
50,586.1032
30,183.0003
29,457.0141

About GDP per capita (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. The core indicator has been divided by the general population to achieve a per capita estimate.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.PCAP.KD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Turks and Caicos Islands's GDP per capita (constant 2015 US$) in 2024?
In 2024, Turks and Caicos Islands's GDP per capita (constant 2015 US$) was 57,179.30, according to World Bank Open Data.
Is Turks and Caicos Islands's GDP per capita (constant 2015 US$) rising or falling?
Turks and Caicos Islands's GDP per capita (constant 2015 US$) rose 4.9% from 2023 to 2024.
How does Turks and Caicos Islands rank globally on GDP per capita (constant 2015 US$)?
In 2024, Turks and Caicos Islands ranked #15 out of 192 countries reporting GDP per capita (constant 2015 US$).
How does Turks and Caicos Islands's GDP per capita (constant 2015 US$) compare to the world average?
The global average for GDP per capita (constant 2015 US$) in 2024 was 17,657.68, so Turks and Caicos Islands is above the world average. Within Latin America & Caribbean, it ranks #1 of 38.
What is GDP per capita (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. The core indicator has been divided by the general population to achieve a per capita estimate.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.PCAP.KD), CC BY 4.0.