PNP [Michael Eugene MISICK]

Political pressure groups and leaders:

NA

International organization participation:

Caricom (associate), CDB, Interpol (subbureau), UPU

Diplomatic representation in the US:

none (overseas territory of the UK)

Diplomatic representation from the US:

none (overseas territory of the UK)

Flag description:

blue, with the flag of the UK in the upper hoist-side quadrant and
the colonial shield centered on the outer half of the flag; the
shield is yellow and contains a conch shell, lobster, and cactus

Economy
Turks and Caicos Islands

Economy - overview:

The Turks and Caicos economy is based on tourism, offshore financial
services, and fishing. Most capital goods and food for domestic
consumption are imported. The US is the leading source of tourists,
accounting for more than three-quarters of the 175,000 visitors that
arrived in 2004. Major sources of government revenue also include
fees from offshore financial activities and customs receipts.

GDP (purchasing power parity):

$216 million (2002 est.)

GDP (official exchange rate):

$NA

GDP - real growth rate:

4.9% (2000 est.)

GDP - per capita (PPP):

$11,500 (2002 est.)

GDP - composition by sector:

agriculture: NA%
industry: NA%
services: NA%

Labor force:

4,848 (1990 est.)

Labor force - by occupation:

note: 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:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $47 million
expenditures: $33.6 million (1997-98 est.)

Fiscal year:

calendar year

Inflation rate (consumer prices):

4% (1995)

Agriculture - products:

corn, beans, cassava (tapioca), citrus fruits; fish

Industries:

tourism, offshore financial services

Industrial production growth rate:

NA%

Electricity - production:

10 million kWh (2006 est.)

Electricity - consumption:

9.3 million kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

0 bbl/day (2007 est.)

Oil - consumption:

80 bbl/day (2006 est.)