| Economy | Turks and Caicos Islands |
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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.) |
GDP - per capita (PPP):
|
$11,500 (2002 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
4.9% (2000 est.) |
GDP - composition by sector:
|
agriculture: NA%
industry: NA%
services: NA% |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
NA |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Labor force:
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4,848 (1990 est.) |
Labor force participation rate:
|
21.13 % of population |
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:
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10% (1997 est.) |
Budget:
|
revenues: $47 million
expenditures: $33.6 million (1997-98 est.) |
Budget revenues per capita:
|
2,049 USD per capita |
Public debt:
|
void |
Industries:
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tourism, offshore financial services |
Industrial production growth rate:
|
NA% |
Electricity - production:
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10 million kWh (2006 est.) |
Electricity - production per capita:
|
436 kWh per capita |
Electricity - consumption:
|
9.3 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
406 kWh per capita |
Electricity - exports:
|
0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
|
0 bbl/day (2007 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
80 bbl/day (2006 est.) |
Oil - consumption - per capita:
|
1.27 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2005) |
Oil - imports:
|
83.78 bbl/day (2005) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2007 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2007 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2007 est.) |
Natural gas - imports:
|
0 cu m (2007 est.) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
corn, beans, cassava (tapioca), citrus fruits; fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$169.2 million (2000) |
Exports per capita:
|
7,376 USD per capita |
Exports - commodities:
|
lobster, dried and fresh conch, conch shells |
Exports - partners:
|
void |
Imports:
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$175.6 million (2000) |
Imports per capita:
|
7,655 USD per capita |
Imports - commodities:
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food and beverages, tobacco, clothing, manufactures, construction materials |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$4.1 million (1997) |
Economic aid - recipient per capita:
|
179 USD per capita |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar is used |
Fiscal year:
|
calendar year |
|
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