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. |
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Gdp purchasing power parity | $216 million (2002 est.) |
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Gdp official exchange rate | NA |
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Gdp real growth rate | 4.9% (2000 est.) |
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Gdp per capita ppp | $11,500 (2002 est.) |
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Gdp composition by sector | agriculture: NA%
industry: NA%
services: NA% |
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Labor force | 4,848 (1990 est.) |
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Labor force by occupation | note: about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services |
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Unemployment rate | 10% (1997 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 4% (1995) |
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Budget | revenues: $47 million
expenditures: $33.6 million; including capital expenditures of $NA (1997-98 est.) |
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Agriculture products | corn, beans, cassava (tapioca), citrus fruits; fish |
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Industries | tourism, offshore financial services |
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Industrial production growth rate | NA% |
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Electricity production | 7 million kWh (2004) |
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Electricity consumption | 6.51 million kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 0 bbl/day (2004 est.) |
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Oil consumption | 80 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 0 bbl |
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Natural gas production | 0 cu m (2004 est.) |
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Natural gas consumption | 0 cu m (2004 est.) |
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Exports | $169.2 million (2000) |
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Exports commodities | lobster, dried and fresh conch, conch shells |
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Exports partners | US, UK (2006) |
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Imports | $175.6 million (2000) |
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Imports commodities | food and beverages, tobacco, clothing, manufactures, construction materials |
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Imports partners | US, UK (2006) |
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Debt external | $NA |
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Economic aid recipient | $4.1 million (1997) |
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Currency code | US dollar (USD) |
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Exchange rates | the US dollar is used |
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Communications - Turks and Caicos Islands: |
Transportation - Turks and Caicos Islands: |
Military - Turks and Caicos Islands: |
This page was last updated on 16 September, 2007