Turks and Caicos Islands

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Introduction - Turks and Caicos Islands:
Location - Turks and Caicos Islands:
People - Turks and Caicos Islands:
Government - Turks and Caicos Islands:
Economy - Turks and Caicos Islands:

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 official exchange rate

NA

Gdp real growth rate

4.9% (2000 est.)

Gdp per capita ppp

$11,500 (2002 est.)

Gdp composition by sector

agriculture: NA%
industry: NA%
services: NA%

Labor force

4,848 (1990 est.)

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.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

4% (1995)

Budget

revenues: $47 million
expenditures: $33.6 million; including capital expenditures of $NA (1997-98 est.)

Agriculture products

corn, beans, cassava (tapioca), citrus fruits; fish

Industries

tourism, offshore financial services

Industrial production growth rate

NA%

Electricity production

7 million kWh (2004)

Electricity consumption

6.51 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

80 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Exports

$169.2 million (2000)

Exports commodities

lobster, dried and fresh conch, conch shells

Exports partners

US, UK (2006)

Imports

$175.6 million (2000)

Imports commodities

food and beverages, tobacco, clothing, manufactures, construction materials

Imports partners

US, UK (2006)

Debt external

$NA

Economic aid recipient

$4.1 million (1997)

Currency code

US dollar (USD)

Exchange rates

the US dollar is used

Communications - Turks and Caicos Islands:
Transportation - Turks and Caicos Islands:
Military - Turks and Caicos Islands:
This page was last updated on 16 September, 2007
Source: CIA >>>


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