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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Budget:
Fiscal year: Inflation rate (consumer prices): Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
$632 million (2007 est.)
country comparison to the world: 213
$568.3 million (2006 est.)
[see also: GDP country ranks ]
$NA
[see also: GDP (official exchange rate) country ranks ]
11.2% (2007 est.)
country comparison to the world: 7
[see also: GDP - real growth rate country ranks ]
$29,100 (2007 est.)
country comparison to the world: 53
[see also: GDP - per capita country ranks ]
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.)
agriculture:
1%
industry:
22.5%
services:
76.5% (2013 est.)
corn, beans, cassava (manioc, tapioca), citrus fruits; fish
tourism, offshore financial services
3% (2013 est.)
country comparison to the world: 105
[see also: Industrial production growth rate country ranks ]
4,848 (1990 est.)
country comparison to the world: 222
[see also: Labor force country ranks ]
note:
about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services
10% (1997 est.)
country comparison to the world: 107
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%:
NA%
highest 10%:
NA%
revenues:
$434.1 million
expenditures:
$437.6 million (2013 est.)
calendar year
2.5% (2013 est.)
country comparison to the world: 94
2.5% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
$24.77 million (2008 est.)
country comparison to the world: 205
[see also: Exports country ranks ]
lobster, dried and fresh conch, conch shells
$591.3 million (2008 est.)
country comparison to the world: 191
[see also: Imports country ranks ]
food and beverages, tobacco, clothing, manufactures, construction materials
$NA
[see also: Debt - external country ranks ]
the US dollar is used