Is Turks and Caicos Islands a rich country?
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.
What is the GDP of Turks and Caicos Islands?
|GDP - Gross Domestic Product (PPP)||$632,000,000 (USD)|
|GDP - official exchange rate||$0 (USD)|
|GDP - official exchange rate note||NA|
|GDP - real growth rate||11.2%|
|GDP Per Capita||$29,100.00 (USD)|
|GDP by Sector- agriculture||0.5%|
|GDP by Sector- Industry||10%|
|GDP by Sector- services||89.5%|
|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%
|Labor Force by Occupation - note||about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services|
|Fiscal Year||calendar year|
|Annual Budget||$47,000,000 (USD)|
|Major Industries||tourism, offshore financial services|
|Agriculture Products||corn, beans, cassava (tapioca), citrus fruits; fish|
|Currency Code||US dollar (USD)|