| 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 - real growth rate | 4.9% (2000 est.) |
|
| GDP - composition by sector | agriculture: NA%
industry: NA%
services: NA% |
|
| Population below poverty line | NA% |
|
Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: 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.) |
|
| Budget | revenues: $47 million
expenditures: $33.6 million; including capital expenditures of $NA (1997-98 est.) |
|
| Industries | tourism, offshore financial services |
|
| Industrial production growth rate | NA% |
|
Electricity -
production | 7 million kWh (2004) |
|
Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
|
Electricity -
consumption | 6.51 million kWh (2004) |
|
Electricity -
exports | 0 kWh (2004) |
|
Electricity -
imports | 0 kWh (2004) |
|
| Oil - production | 0 bbl/day (2004 est.) |
|
| Oil - consumption | 80 bbl/day (2004 est.) |
|
| Oil - exports | NA bbl/day |
|
| Oil - imports | NA bbl/day |
|
| Agriculture - products | corn, beans, cassava (tapioca), citrus fruits; fish |
|
| Exports | $169.2 million (2000) |
|
| Exports - commodities | lobster, dried and fresh conch, conch shells |
|
| Exports - partners | US, UK (2004) |
|
| Imports | $175.6 million (2000) |
|
| Imports - commodities | food and beverages, tobacco, clothing, manufactures, construction materials |
|
| Imports - partners | US, UK (2004) |
|
| Debt - external | $NA |
|
| Economic aid - recipient | $4.1 million (1997) |
|
| Currency code | USD |
|
| Exchange rates | the US dollar is used |
|
| Fiscal year | calendar year |
|
