tal, 13 elected) PDM 8, PNP 4, independent (Norman SAUNDERS) 1

Judicial branch: Supreme Court

Political parties and leaders: Progressive National Party (PNP),
Washington MISSICK; People's Democratic Movement (PDM), Derek H.
TAYLOR; United Democratic Party (UDP), Wendal SWANN

International organization participation: Caricom (associate),
CDB, Interpol (subbureau)

Diplomatic representation in US: none (dependent territory of the
UK)

US diplomatic representation: none (dependent territory of the UK)

Flag: 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
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Economic overview: The Turks and Caicos economy is based on
tourism, fishing, and offshore financial services. Most food for
domestic consumption is imported; there is some subsistence farming
- mainly corn, cassava, citrus, and beans - on the Caicos Islands.
The tourism sector expanded in 1995, posting a 10% increase in the
first quarter as compared to the same period in 1994. The US was the
leading source of tourists in 1995, accounting for upward of 70% of
arrivals or about 60,000 visitors. Major sources of government
revenue include fees from offshore financial activities and customs
receipts as the Islands rely on imports for nearly all consumption
and capital goods.

GDP: purchasing power parity - $80.8 million (1992 est.)

GDP real growth rate: -1.5% (1992 est.)

GDP per capita: $6,000 (1992 est.)

GDP composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Inflation rate (consumer prices): NA%

Labor force: 4,848 (1990 est.)
by occupation: majority engaged in fishing and tourist industries;
some subsistence agriculture

Unemployment rate: 12% (1992)

Budget:
revenues: $31.9 million (1995)
expenditures: $30.4 million (1995), including capital expenditures
of $NA

Industries: fishing, tourism, offshore financial services

Industrial production growth rate: NA%

Electricity:
capacity: 9,050 kW
production: 11.1 million kWh
consumption per capita: 860 kWh (1992)

Agriculture: corn, beans; fish

Illicit drugs: transshipment point for South American narcotics
destined for the US

Exports: $6.8 million (f.o.b., 1993)
commodities: lobster, dried and fresh conch, conch shells
partners: US, U