Inflation, GDP deflator: linked series in Turks and Caicos Islands
Turks and Caicos Islands: Inflation, GDP deflator: linked series was 0.8% in 2024. ◆ Volatile
Inflation, GDP deflator: linked series in Turks and Caicos Islands, 2008–2024
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Turks and Caicos Islands recorded 0.8% for inflation, gdp deflator: linked series in 2024.
Compared with earlier readings it is up 77.7% on the previous year and down 56.9% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Turks and Caicos Islands peaked at 17.3% in 2011 and was at its lowest, -42.9%, in 2017.
That places Turks and Caicos Islands 182nd out of 214 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in Turks and Caicos Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2008 | 3.0% | — |
| 2009 | 1.3% | -56.2% |
| 2010 | -3.3% | -349.1% |
| 2011 | 17.3% | -627.4% |
| 2012 | 1.5% | -91.3% |
| 2013 | 2.6% | +69.7% |
| 2014 | 1.9% | -24.8% |
| 2015 | 1.3% | -34.5% |
| 2016 | 3.9% | +212.7% |
| 2017 | -42.9% | -1188.1% |
| 2018 | 2.8% | -106.5% |
| 2019 | -0.6% | -120.8% |
| 2020 | 1.2% | -299.6% |
| 2021 | 3.9% | +234.9% |
| 2022 | 1.7% | -56.9% |
| 2023 | 0.5% | -72.0% |
| 2024 | 0.8% | +77.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | 1.3% | 3.0% | 2 |
| 2010s | -1.5% | -42.9% | 17.3% | 10 |
| 2020s | 1.6% | 0.5% | 3.9% | 5 |
Countries ranked near Turks and Caicos Islands
More financial sector data for Turks and Caicos Islands
- Net migration, annual growth rate 0.5682 % change on previous year (2025)
- Net migration 177 (2025)
- Official exchange rate 1 LCU per US$, period average (2025)
- GDP deflator: linked series 107.57 base year varies by country (2024)
- GDP deflator: linked series (base year varies by country), annual 0.8295 % change on previous year (2024)
- Reserve assets 0 US dollar (2018)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 2.08 billion US dollar (2018)
- Reserve assets, Adjusted using IMF accounting records 0 US dollar (2018)
- Remittance inflows to GDP 0.8% (2020)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Turks and Caicos Islands?
- Inflation, gdp deflator: linked series in Turks and Caicos Islands was 0.8% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Turks and Caicos Islands?
- The highest recorded value was 17.3% in 2011.
- What is the lowest inflation, gdp deflator: linked series recorded in Turks and Caicos Islands?
- The lowest recorded value was -42.9% in 2017.
- How does Turks and Caicos Islands rank for inflation, gdp deflator: linked series?
- Turks and Caicos Islands ranks 182nd out of 214 countries with data for 2024.
- Is inflation, gdp deflator: linked series rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 56.9%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.