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Turks and Caicos Islands Economy 2013
http://www.theodora.com/wfbcurrent/turks_and_caicos_islands/turks_and_caicos_islands_economy.html
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES
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Page last updated on February 5, 2013

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.)
country comparison to the world: 216
[see also: GDP country ranks ]

GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.9% (2000 est.)
country comparison to the world: 60
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$11,500 (2002 est.)
country comparison to the world: 106
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 20.8%
services: 78.3% (2012 est.)

Labor force:
4,848 (1990 est.)
country comparison to the world: 221
[see also: Labor force country ranks ]

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.)
country comparison to the world: 109
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%

Budget:
revenues: $417.4 million
[see also: Budget revenues country ranks ]
expenditures: $408.9 million (2012 est.)

Inflation rate (consumer prices):
2.5% (2012 est.)
country comparison to the world: 53

2.2% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

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

Industries:
tourism, offshore financial services

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Exports:
$169.2 million (2000)
country comparison to the world: 187
[see also: Exports country ranks ]

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

Imports:
$175.6 million (2000)
country comparison to the world: 206
[see also: Imports country ranks ]

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

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
the US dollar is used, 1 (2012 est.)

Fiscal year:
calendar year


NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 2013 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2013 should be addressed to the CIA.


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