Global Tenders Turks and Caicos Islands

About Turks and Caicos Islands economy

The Turks and Caicos Islands boast a vibrant economy driven by tourism and financial services. With an estimated GDP of $1.047 billion USD and a per capita GDP of $22,915 USD (2022), the islands enjoy a stable and prosperous economy. Tourism plays a crucial role, generating around 67% of the GDP and attracting over 1.5 million visitors annually. Global trade also contributes significantly, with imports exceeding exports, and a large portion of service exports stemming from the tourism industry. While specific figures for government procurement are unavailable, it is estimated to account for approximately 10% of the GDP.

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