Economy - overview:
The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than three-quarters of the 175,000 visitors that arrived in 2004. Major sources of government revenue also include fees from offshore financial activities and customs receipts.

GDP (purchasing power parity):
$632 million (2007 est.)
country comparison to the world: 213
$568.3 million (2006 est.)
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
11.2% (2007 est.)
country comparison to the world: 7
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$29,100 (2007 est.)
country comparison to the world: 53
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 29.6%
government consumption: 17.7%
investment in fixed capital: 52.9%
exports of goods and services: 76.2%
imports of goods and services: -76.3%
(2013 est.)

GDP - composition, by sector of origin:
agriculture: 1%
industry: 22.5%
services: 76.5% (2013 est.)

Agriculture - products:
corn, beans, cassava (manioc, tapioca), citrus fruits; fish

Industries:
tourism, offshore financial services

Industrial production growth rate:
3% (2013 est.)
country comparison to the world: 105
[see also: Industrial production growth rate country ranks ]

Labor force:
4,848 (1990 est.)
country comparison to the world: 222
[see also: Labor force country ranks ]

Labor force - by occupation:
note: about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services

Unemployment rate:
10% (1997 est.)
country comparison to the world: 107
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $434.1 million
expenditures: $437.6 million (2013 est.)

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.5% (2013 est.)
country comparison to the world: 94
2.5% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$24.77 million (2008 est.)
country comparison to the world: 205
[see also: Exports country ranks ]

Exports - commodities:
lobster, dried and fresh conch, conch shells

Imports:
$591.3 million (2008 est.)
country comparison to the world: 191
[see also: Imports country ranks ]

Imports - commodities:
food and beverages, tobacco, clothing, manufactures, construction materials

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used