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    Turks and Caicos Islands Index 2005

    Turks and Caicos Islands Main Index

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    Turks and Caicos Islands Economy - 2005

      Economy - overview:
      The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most capital goods and food for domestic consumption are imported. The US is the leading source of tourists, accounting for more than half of the annual 93,000 visitors in the late 1990s. Major sources of government revenue also include fees from offshore financial activities and customs receipts.

      purchasing power parity - $216 million (2002 est.)

      GDP - real growth rate:
      4.9% (2000 est.)

      GDP - per capita:
      purchasing power parity - $11,500 (2002 est.)

      GDP - composition by sector:
      agriculture: NA%
      industry: NA%
      services: NA%

      Labor force:
      4,848 (1990 est.)

      Labor force - by occupation:
      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:

      Household income or consumption by percentage share:
      lowest 10%: NA
      highest 10%: NA

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

      revenues: $47 million
      expenditures: $33.6 million, including capital expenditures of NA (1997-98 est.)

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

      tourism, offshore financial services

      Industrial production growth rate:

      Electricity - production:
      5 million kWh (2002)

      Electricity - consumption:
      4.65 million kWh (2002)

      Electricity - exports:
      0 kWh (2002)

      Electricity - imports:
      0 kWh (2002)

      Oil - production:
      0 bbl/day

      Oil - consumption:
      0 bbl/day

      Oil - exports:

      Oil - imports:

      $169.2 million (2000)

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

      Exports - partners:
      US, UK

      $175.6 million (2000)

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

      Imports - partners:
      US, UK

      Debt - external:

      Economic aid - recipient:
      $4.1 million (1997)

      Currency (code):
      US dollar (USD)

      Exchange rates:
      the US dollar is used

      Fiscal year:
      calendar year

      NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 2005 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 2005 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 2005 should be addressed to the CIA.

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    Revised 16-Feb-06
    Copyright © 2005 Photius Coutsoukis (all rights reserved)