Remittance inflows to GDP in Turks and Caicos Islands
Turks and Caicos Islands: Remittance inflows to GDP was 0.8% in 2020. ◆ Volatile
Remittance inflows to GDP in Turks and Caicos Islands, 2005–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Turks and Caicos Islands stood at 0.8%.
The figure is up 29.5% on the previous year and up 25.9% over five years.
Over the whole period, remittance inflows to gdp in Turks and Caicos Islands peaked at 0.9% in 2014 and was at its lowest, 0.0%, in 2005.
That places Turks and Caicos Islands 133rd out of 197 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in Turks and Caicos Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 0.0% | — |
| 2006 | 0.0% | — |
| 2007 | 0.0% | — |
| 2008 | 0.0% | — |
| 2009 | 0.0% | — |
| 2010 | 0.0% | — |
| 2011 | 0.0% | — |
| 2012 | 0.0% | — |
| 2013 | 0.0% | — |
| 2014 | 0.9% | — |
| 2015 | 0.6% | -24.6% |
| 2016 | 0.7% | +12.6% |
| 2017 | 0.8% | +4.4% |
| 2018 | 0.7% | -11.0% |
| 2019 | 0.6% | -7.0% |
| 2020 | 0.8% | +29.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0% | 0.0% | 0.0% | 5 |
| 2010s | 0.4% | 0.0% | 0.9% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
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)
- Inflation, GDP deflator: linked series 0.8% (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)
Frequently asked questions
- What is remittance inflows to gdp in Turks and Caicos Islands?
- Remittance inflows to gdp in Turks and Caicos Islands was 0.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 0.9% in 2014.
- What is the lowest remittance inflows to gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.0% in 2005.
- How does Turks and Caicos Islands rank for remittance inflows to gdp?
- Turks and Caicos Islands ranks 133rd out of 197 countries with data for 2020.
- Where does this Turks and Caicos Islands data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.