Data at glance of Turks And Caicos Islands - average on period

variable
real gdp growth
CPI %
Unemployment rate
Debt/GDP %
Current account balance/GDP %

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

The islands were part of the UK's Jamaican colony until 1962, when they assumed the status of a separate Crown colony upon Jamaica's independence. The governor of The Bahamas oversaw affairs from 1965 to 1973. With Bahamian independence, the islands received a separate governor in 1973. Although independence was agreed upon for 1982, the policy was reversed, and the islands remain a British overseas territory. Grand Turk Island suffered extensive damage from Hurricane Maria in 2017.

Environment

Area: 948 sq km km2

Climate: tropical; marine; moderated by trade winds; sunny and relatively dry

Natural resources: spiny lobster, conch

Ethnic characteristics

Groups: Black 87.6%, White 7.9%, mixed 2.5%, East Indian 1.3%, other 0.7% (2006 est.)

Languages:

Religions: Protestant 72.8% (Baptist 35.8%, Church of God 11.7%, Anglican 10%, Methodist 9.3%, Seventh Day Adventist 6%), Roman Catholic 11.4%, Jehovah's Witness 1.8%, other 14% (2006 est.)

Government

Capital: Grand Turk (Cockburn Town)

Government type: parliamentary democracy

Executive branch

Chief of state: King CHARLES III (since 8 September 2022); represented by Governor Dileeni Daniel-SELVARATNAM (since 29 June 2023)

Head of government: Premier Washington MISICK (since 19 February 2021)

Legislative branch

Description: House of Assembly - unicameral

Economic Overview

British Caribbean island territorial economy; GDP and its tourism industry hit hard by COVID-19 disruptions; major biodiversity locale; US dollar user; fossil fuel dependent; negative trade balance; increasing unemployment

Industries

tourism, offshore financial services

GDP by sector: Agriculture: 0.4% (2024 est.), Industry: 9.3% (2024 est.), Services: 72.6% (2024 est.)

Trade

Export partners: Gabon 27%, USA 25%, Zimbabwe 17%, Czechia 8%, UAE 3% (2023)

Export commodities: plastics, shellfish, carbonates, tobacco, garments (2023)

Import partners: USA 73%, Dominican Republic 4%, Italy 3%, Japan 3%, China 2% (2023)

Import commodities: refined petroleum, cars, aluminum structures, furniture, plastic products (2023)

Geography

two island groups in the North Atlantic Ocean, southeast of The Bahamas, north of Haiti; note - although the Turks and Caicos Islands do not border the Caribbean Sea, geopolitically they are often designated as being Caribbean

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.