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Turks and Caicos Islands Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Turks and Caicos Islands Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 5, 2013

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):
$216 million (2002 est.)
country comparison to the world: 216
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA

GDP - real growth rate:
4.9% (2000 est.)
country comparison to the world: 60

GDP - per capita (PPP):
$11,500 (2002 est.)
country comparison to the world: 106

GDP - composition by sector:
agriculture: 1%
industry: 20.8%
services: 78.3% (2012 est.)

Labor force:
4,848 (1990 est.)
country comparison to the world: 221

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: 109

Population below poverty line:
NA%

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

Budget:
revenues: $417.4 million
expenditures: $408.9 million (2012 est.)

Inflation rate (consumer prices):
2.5% (2012 est.)
country comparison to the world: 53

2.2% (2011 est.)

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

Industries:
tourism, offshore financial services

Industrial production growth rate:
NA%

Exports:
$169.2 million (2000)
country comparison to the world: 187

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

Imports:
$175.6 million (2000)
country comparison to the world: 206

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

Debt - external:
$NA

Exchange rates:
the US dollar is used, 1 (2012 est.)

Fiscal year:
calendar year


NOTE: 1) The information regarding Turks and Caicos Islands on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 2013 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
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