[ Nominal GDP in billions of USD ]
Year -
$1.75 billions
Turks and Caicos Islands GDP expanded from 2001 to 2024, increasing from $0.36 billion to $1.75 billion.The compound annual growth rate (CAGR) averaged 7.12% over the period. The economy recorded its peak level in 2024 and its lowest level in 2001. Growth volatility remained high. The maximum drawdown reached 32.85%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1.75 Billions | $ 1.77 Int Billions |
| Growth (YoY) | 6.513% | 8.191% |
| Net Change vs Previous Year | $ 0.11 Billion | $ 0.13 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | - | - | - |
| 1991 | - | - | - | - | - | - |
| 1992 | - | - | - | - | - | - |
| 1993 | - | - | - | - | - | - |
| 1994 | - | - | - | - | - | - |
| 1995 | - | - | - | - | - | - |
| 1996 | - | - | - | - | - | - |
| 1997 | - | - | - | - | - | - |
| 1998 | - | - | - | - | - | - |
| 1999 | - | - | - | - | - | - |
| 2000 | - | - | - | - | - | - |
| 2001 | 0.36 | - | - | - | - | - |
| 2002 | 0.37 | 0.01 | 2.22 % | - | - | - |
| 2003 | 0.41 | 0.04 | 11.738 % | - | - | - |
| 2004 | 0.49 | 0.08 | 18.51 % | - | - | - |
| 2005 | 0.58 | 0.09 | 19.161 % | - | - | - |
| 2006 | 0.72 | 0.14 | 24.755 % | - | - | - |
| 2007 | 0.77 | 0.05 | 7.148 % | 0.84 | - | - |
| 2008 | 0.86 | 0.09 | 11.531 % | 0.93 | 0.09 | 10.358 % |
| 2009 | 0.7 | -0.16 | -18.49 % | 0.75 | -0.18 | -19.054 % |
| 2010 | 0.69 | -0.02 | -2.331 % | 0.77 | 0.02 | 2.212 % |
| 2011 | 0.84 | 0.16 | 22.737 % | 0.82 | 0.05 | 6.779 % |
| 2012 | 0.83 | -0.01 | -1.197 % | 0.76 | -0.06 | -7.457 % |
| 2013 | 0.86 | 0.03 | 3.66 % | 0.81 | 0.05 | 6.175 % |
| 2014 | 0.96 | 0.09 | 10.804 % | 0.9 | 0.09 | 11.178 % |
| 2015 | 1.08 | 0.12 | 12.719 % | 1.01 | 0.11 | 12.361 % |
| 2016 | 1.2 | 0.12 | 11.482 % | 1.14 | 0.13 | 13.415 % |
| 2017 | 1.2 | 0 | -0.343 % | 1.2 | 0.06 | 5.279 % |
| 2018 | 1.31 | 0.12 | 9.714 % | 1.29 | 0.09 | 7.771 % |
| 2019 | 1.37 | 0.06 | 4.376 % | 1.35 | 0.05 | 3.94 % |
| 2020 | 0.92 | -0.45 | -33.054 % | 0.87 | -0.48 | -35.58 % |
| 2021 | 1.24 | 0.32 | 34.634 % | 1.13 | 0.27 | 30.774 % |
| 2022 | 1.43 | 0.2 | 15.986 % | 1.39 | 0.25 | 22.221 % |
| 2023 | 1.64 | 0.2 | 14.262 % | 1.63 | 0.25 | 17.824 % |
| 2024 | 1.75 | 0.11 | 6.513 % | 1.77 | 0.13 | 8.191 % |
Between 2001 to 2024, Turks and Caicos Islands experienced the following economic phases:
The most remarkable growth occurred in 2021 with an increase of 34.634%, while the largest decline was in 2020 at -33.054%.