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Turks and Caicos Islands Economy 1998 https://greekorthodoxchurch.org/wfb1998/turks_and_caicos_islands/turks_and_caicos_islands_economy.html SOURCE: 1998 CIA WORLD FACTBOOK 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 was the leading source of tourists in 1996, accounting for more than half of the 87,000 visitors. Major sources of government revenue include fees from offshore financial activities and customs receipts. GDP purchasing power parity - $110 million (1996 est.) GDP - real growth rate 3.5% (1996 est.) GDP - per capita purchasing power parity - $7,700 (1996 est.) GDP - composition by sector
Inflation rate - consumer price index 8% (1994 est.) Labor force
Unemployment rate 15% (1996 est.) Budget
Industries tourism, offshore financial services Industrial production growth rate NA% Electricity - capacity 4,000 kW (1995) Electricity - production 5 million kWh (1995) Electricity - consumption per capita 359 kWh (1995) Agriculture - products corn, beans, cassava, citrus fruits; fish Exports
Imports
Debt - external $NA Economic aid
Currency 1 United States dollar (US$) = 100 cents Exchange rates US currency is used Fiscal year
calendar year
NOTE: The information regarding Turks and Caicos Islands on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Turks and Caicos Islands Economy 1998 information contained here. All suggestions for corrections of any errors about Turks and Caicos Islands Economy 1998 should be addressed to the CIA. |