Turks and Caicos Islands — GDP growth
GDP Growth (Annual %) for Turks and Caicos Islands, 2008–2024.
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%. Within Latin America & Caribbean it ranks 4 of 40 economies; Curacao (5.03%) is just below it. Its sharpest one-year move was up 929% in 2017. That is 57% below this series' own ten-year average.
Data highlights
From its 2008 level: doubled by 2017.
World ranking. Slipped: 25th of 206 in 2008 → 171st of 209 in 2010 → 208th of 209 in 2020 → 31st of 200 in 2024.
Key figures
Full history — 2008 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 5.64% | -8.1 pp |
| 2023 | 13.73% | -0.4 pp |
| 2022 | 14.09% | -15.5 pp |
| 2021 | 29.63% | +63.4 pp |
| 2020 | -33.82% | -38.8 pp |
| 2019 | 4.98% | -1.8 pp |
| 2018 | 6.75% | -67.8 pp |
| 2017 | 74.59% | +67.3 pp |
| 2016 | 7.25% | -4.1 pp |
| 2015 | 11.31% | +2.6 pp |
| 2014 | 8.71% | +7.6 pp |
| 2013 | 1.07% | +3.7 pp |
| 2012 | -2.67% | -7.3 pp |
| 2011 | 4.62% | +3.6 pp |
| 2010 | 0.98% | +20.5 pp |
| 2009 | -19.55% | -27.8 pp |
| 2008 | 8.27% | — |
Frequently asked questions
What was Turks and Caicos Islands’s GDP growth in 2009?
-19.55% (2009). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Turks and Caicos Islands’s GDP growth growing or shrinking?
Between 2008 and 2024 the series was shrinking overall: -31.9% in total — about 2.4% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 5.64%; 2023: 13.73%; 2022: 14.09%; 2021: 29.63%; 2020: -33.82%. Earlier years are in the full-history table below.
Related data
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.