Economy — Turks and Caicos Islands
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Turks and Caicos Islands: 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 more than 1 million visitors that arrive annually.…
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Economic overview
- Economic 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 more than 1 million visitors that arrive annually.
Three-quarters of the visitors come by ship.
Major sources of government revenue also include fees from offshore financial activities and customs receipts.
- Industries
tourism, offshore financial services
- GDP - per capita (PPP)
$29,100.00 (USD)
- GDP - real growth rate
11.2%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$820,000,000 (USD)
- GDP Per Capita
$29,100.00 (USD)
- GDP - real growth rate
11.2%
- GDP - official exchange rate
$0 (USD)
- GDP - official exchange rate note
NA
- GDP - composition, by end use
- household consumption: 23.4%
- government consumption: 17.2%
- investment in fixed capital: 55.6%
- investment in inventories: 33.8%
- exports of goods and services: 57.4%
- imports of goods and services: -64%
- GDP by Sector- agriculture
0.5%
- GDP by Sector- Industry
10%
- GDP by Sector- services
89.5%
Prices & money
- Inflation Rate
4%
- Exchange Rate per US Dollar
US dollar (USD)
- Currency Name and Code
US Dollar (USD)
- Fiscal Year
calendar year
Employment & labor
- Labor Force
4,848
- Unemployment Rate
10%
- Major Industries
tourism, offshore financial services
- Agriculture Products
corn, beans, cassava (tapioca), citrus fruits; fish
Labor notes
- Labor Force by Occupation - note
about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services
Public finance
- Annual Budget
$47,000,000 (USD)
