Turks and Caicos Islands:
Economy

Other pages in this profile of the Turks and Caicos Islands:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $216 million (2002 est.)
GDP (official exchange rate)	Definition $NA
GDP - real growth rate	Definition - World rank and map 4.9% (2000 est.)
GDP - per capita	Definition - World rank and map $11,500 (2002 est.)
GDP - composition by sector	Definition agriculture: NA% industry: NA% services: NA%
Labor force	Definition 4,848 (1990 est.)
Labor force - by occupation	Definition note: about 33% in government and 20% in agriculture and fishing; significant numbers in tourism, financial, and other services
Unemployment rate	Definition - World rank and map 10% (1997 est.)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 4% (1995)
Budget	Definition revenues: $47 million expenditures: $33.6 million (1997-98 est.)
Agriculture - products	Definition corn, beans, cassava (tapioca), citrus fruits; fish
Industries	Definition tourism, offshore financial services
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 11.57 million kWh (2005)
Electricity - consumption	Definition - World rank and map 10.76 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 481.4 kWh (2005)
Electricity - exports	Definition 0 kWh (2005 est.)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 80 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 3.6 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 83.55 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Exports	Definition - World rank and map $169.2 million (2000)
Exports - commodities	Definition lobster, dried and fresh conch, conch shells
Exports - partners	Definition US, UK (2006)
Imports	Definition - World rank and map $175.6 million (2000)
Imports - commodities	Definition food and beverages, tobacco, clothing, manufactures, construction materials
Imports - partners	Definition US, UK (2006)
Debt - external	Definition - World rank and map $NA
Economic aid - recipient	Definition $4.1 million (1997)
Currency (code)	Definition US dollar (USD)
Exchange rates	Definition the US dollar is used
Fiscal year	Definition calendar year

Turks and Caicos Islands: Economy

Turks and Caicos Islands:
Economy