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Turks and Caicos Islands Economy 2010
http://www.workmall.com/wfb2010/turks_and_caicos_islands/turks_and_caicos_islands_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Page last updated on January 15, 2010

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%

Budget:
revenues: $47 million
expenditures: $33.6 million (1997-98 est.)

Inflation rate (consumer prices):
4% (1995 est.)

4% (1995)

Agriculture - products:
corn, beans, cassava (tapioca), citrus fruits; fish

Industries:
tourism, offshore financial services

Industrial production growth rate:
NA%

Electricity - production:
12 million kWh (2007 est.)

Electricity - consumption:
11.16 million kWh (2007 est.)

Electricity - exports:
0 kWh (2008 est.)

Electricity - imports:
0 kWh (2008 est.)

Oil - production:
0 bbl/day (2008 est.)

Oil - consumption:
0 bbl/day (2008 est.)

Oil - exports:
0 bbl/day (2007 est.)

Oil - imports:
80 bbl/day (2007 est.)

Oil - proved reserves:
0 bbl (1 January 2009 est.)

Natural gas - production:
0 cu m (2008 est.)

Natural gas - consumption:
0 cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
0 cu m (2008 est.)

Natural gas - proved reserves:
0 cu m (1 January 2009 est.)

Exports:
$169.2 million (2000 est.)

Exports - commodities:
lobster, dried and fresh conch, conch shells

Imports:
$175.6 million

Imports - commodities:
food and beverages, tobacco, clothing, manufactures, construction materials

Debt - external:
$NA

Exchange rates:
the US dollar is used


NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 2010 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2010 should be addressed to the CIA.



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