Home / GDP growth / Turks and Caicos Islands
Turks and Caicos Islands — GDP growth
GDP Growth (Annual %) for Turks and Caicos Islands, 2008–2024.
Latest value · 2024
5.64%
GDP Growth (Annual %) · annual % · -31.9% since 2008
GDP growth for Turks and Caicos Islands was 5.64% in 2024, according to the latest World Bank data. The series covers 17 years, from 2008 to 2024. The highest recorded value was 74.59% in 2017. The lowest was -33.82% in 2020 (about -6.0× the latest value). Across that span the compound annual growth rate works out to -2.37% per year.
Turks and Caicos Islands ranks 42 of 212 economies on this measure (1 = highest), putting it in the top 20%. The median for Latin America & Caribbean is 3.38%, so Turks and Caicos Islands sits above it. It peaked in 2017 and has fallen 92% since. Over the last decade (2014–2024) the figure moved down 35%.
Key figures
Latest (2024)
5.64%
First (2008)
8.27%
Change
-31.9%
Highest
74.59%
in 2017
Lowest
-33.82%
in 2020
Average
7.98%
Annual growth (CAGR)
-2.37%
Years of data
17
Recent years
| Year | annual % |
|---|---|
| 2024 | 5.64% |
| 2023 | 13.73% |
| 2022 | 14.09% |
| 2021 | 29.63% |
| 2020 | -33.82% |
| 2019 | 4.98% |
| 2018 | 6.75% |
| 2017 | 74.59% |
| 2016 | 7.25% |
| 2015 | 11.31% |
| 2014 | 8.71% |
| 2013 | 1.07% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.