Turks and Caicos Islands: Merchandise trade (% of GDP)
In , Turks and Caicos Islands's Merchandise trade (% of GDP) was 26.07.
That's down 4.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Turks and Caicos Islands ranks #182 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #33 of 36.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2014–2024)
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 43.07
- Trough
- 25.88
- 1-year change
- -4.4%
- 5-year change
- +0.7%
- +0.1% / yr
- 10-year change
- -39.5%
- -4.9% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 26.0689 | |
| 27.2785 | |
| 32.9819 | |
| 33.5636 | |
| 35.8237 | |
| 25.8777 | |
| 27.8469 | |
| 31.2198 | |
| 32.6934 | |
| 38.4874 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Turks and Caicos Islands's Merchandise trade (% of GDP) in 2024?
- In 2024, Turks and Caicos Islands's Merchandise trade (% of GDP) was 26.07, according to World Bank Open Data.
- Is Turks and Caicos Islands's Merchandise trade (% of GDP) rising or falling?
- Turks and Caicos Islands's Merchandise trade (% of GDP) fell 4.4% from 2023 to 2024.
- How does Turks and Caicos Islands rank globally on Merchandise trade (% of GDP)?
- In 2024, Turks and Caicos Islands ranked #182 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Turks and Caicos Islands's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Turks and Caicos Islands is below the world average. Within Latin America & Caribbean, it ranks #33 of 36.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.