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| Economy overview | The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than half of the 93,000 visitors in the late 1990s. Major sources of government revenue include fees from offshore financial activities and customs receipts. Tourism fell by 6% in 2002. |
| GDP | purchasing power parity - $231 million (2000 est.) |
| GDP - real growth rate | 4.9% (2000 est.) |
| GDP - per capita | purchasing power parity - $9,600 (2000 est.) |
| GDP - composition by sector |
agriculture: na industry: na services: na (2001 est.) |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 4% (1995) |
| Labor force | 4,848 (1990 est.) |
| Labor force by occupation | about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services |
| Unemployment rate | 10% (1997 est.) |
| Budget |
revenues: $47 million expenditures: $33.6 million, including capital expenditures of na (1997-98 est.) |
| Public debt | |
| Agriculture products | corn, beans, cassava (tapioca), citrus fruits; fish |
| Industries | tourism, offshore financial services |
| Industrial production growth rate | NA |
| Electricity production | 5 million kWh (2001) |
| Electricity production by source |
fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0% |
| Electricity consumption | 4.65 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day NA (2001 est.) |
| Oil consumption | 0 bbl/day NA bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $169.2 million (2000) |
| Exports commodities | lobster, dried and fresh conch, conch shells |
| Exports partners | US, UK |
| Imports | $175.6 million (2000) |
| Imports commodities | food and beverages, tobacco, clothing, manufactures, construction materials |
| Imports partners | US, UK |
| Reserves of foreign exchange gold | |
| Debt external | NA (2002 est.) |
| Economic aid recipient | $4.1 million (1997) |
| Currency | US dollar (USD) |
| Currency code | USD |
| Exchange rates | the US dollar is used |
| Fiscal year | calendar year |
Introduction and Background to Turks and Caicos Islands | Geography Of Turks and Caicos Islands | People Of Turks and Caicos Islands | Government Of Turks and Caicos Islands | Communications Of Turks and Caicos Islands | Transportation Of Turks and Caicos Islands | Military Of Turks and Caicos Islands | Transnational Issues Of Turks and Caicos Islands
none Flag Map Of Turks and Caicos Islands
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