Country profile

Turks and Caicos Islands

Latin America & Caribbean · High income · Capital: Grand Turk

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FDI inflows 2024

$44 m

+34.6%vs 2023

Inflows % of GDP

2.5%

93rd of 192 economies

FDI outflows

−$52 m

in 2018

Net FDI

—

Needs both flows

FDI % of investment

—

No GFCF data

In 2024, Turks and Caicos Islands recorded FDI net inflows of $44 m, up 35% from $33 m in 2023. That is 43% above its 2019–2023 average of $31 m. By value, that ranks 160th of 195 economies with data for 2024. This is the highest annual inflow in a series that begins in 2014. Inflows were equivalent to 2.5% of GDP in 2024 — below the Latin America & Caribbean aggregate (2.9%) and above the world as a whole (1.4%).

About this summary

Generated automatically from World Bank data. Figures are balance-of-payments net flows in current US$; 2024 is the latest year with broad coverage across economies.

Trends

FDI flows over time

FDI inflows and outflows, Turks and Caicos Islands

Net flows, current US$ (balance-of-payments basis)

Inflows
Outflows

Source: World Bank, World Development Indicators (CC BY 4.0). Indicators BX.KLT.DINV.CD.WD and BM.KLT.DINV.CD.WD.

Inflows as a share of GDP

Turks and Caicos Islands compared with its region and the world

Turks and Caicos Islands
Latin America & Caribbean (aggregate)
World

Source: World Bank, World Development Indicators (CC BY 4.0). Indicator BX.KLT.DINV.WD.GD.ZS.

External financing mix

FDI vs remittances, aid and portfolio equity, current US$

FDI inflows
Remittances
Aid (ODA)

FDI is only one of the ways foreign money reaches an economy. For many developing economies, remittances from workers abroad or official aid are larger and more stable; portfolio equity is typically the most volatile.

Source: World Bank, World Development Indicators (CC BY 4.0). Indicators BX.KLT.DINV.CD.WD, BX.TRF.PWKR.CD.DT, DT.ODA.ODAT.CD, BX.PEF.TOTL.CD.WD.

Economy at a glance

The economy behind the investment

The macroeconomic, trade and workforce indicators investors and trade officials look at alongside FDI — latest year, 15-year trend and regional and world benchmarks.

Size & growth

GDP

$1.7 bn2024

184th of 200

Real GDP growth

5.6%2024

31st of 200Region 2.3%World 2.9%

GDP per capita

$37,5072024

38th of 200Region $10,705World $13,717

GNI per capita (PPP)

$37,5002024

62nd of 195Region $22,232World $24,335

Population

47 k2025

204th of 217

Population growth

0.7%2025

123rd of 217Region 0.7%World 0.9%

Macro stability

Current account balance, % of GDP

13.1%2018

12th of 183

Trade & structure

Manufacturing, % of GDP

0.4%2024

177th of 178Region 17.7%World 14.9%

Services, % of GDP

72.6%2024

19th of 189Region 67.7%World 63.3%

High-tech exports, % of manufactured exports

2.2%2012

111th of 148Region 12.8%World 18.9%

Workforce & innovation

Internet users, % of population

0.0%1990

—

181st of 208

Source: World Bank, World Development Indicators. Latest available year shown for each indicator; ranks are among economies reporting that year (highest = 1st). Region = World Bank regional aggregate. Growth, inflation, unemployment, the current account and government debt are shown in the IMF table above where the IMF covers the economy.

Who invests

Source and destination economies

Direct investment positions (stocks) by immediate counterpart economy, as reported to the OECD.

Explore bilateral data

No bilateral positions for this economy

Bilateral FDI positions are available for OECD-reporting economies. See who invests where to explore partners of reporting economies, which include many investors in Turks and Caicos Islands.

Investment relationship with AustraliaTwo-way direct investment between Australia and Turks and Caicos Islands, from ABS and OECD data.

Structure & policy

Sectors and FDI openness

Inward FDI positions by sector

No sector breakdown

Positions by industry are published for OECD-reporting economies only, and not every reporter releases a full breakdown.

FDI Regulatory Restrictiveness

Index

Not covered by the index

The OECD FDI Regulatory Restrictiveness Index covers OECD members and around 30 other economies. See covered economies.

Peers

Similar-sized economies in Latin America & Caribbean

The six economies in the same World Bank region with the closest GDP, ranked by FDI inflows as a share of GDP (2024).

Compare over time

Sources & notes

World Bank, World Development Indicators

FDI net inflows — BX.KLT.DINV.CD.WD
FDI net outflows — BM.KLT.DINV.CD.WD
FDI net inflows, % of GDP — BX.KLT.DINV.WD.GD.ZS
Gross fixed capital formation — NE.GDI.FTOT.CD
Personal remittances received — BX.TRF.PWKR.CD.DT
Net official development assistance received — DT.ODA.ODAT.CD
Portfolio equity net inflows — BX.PEF.TOTL.CD.WD
Real GDP growth — NY.GDP.MKTP.KD.ZG
Inflation (annual average) — FP.CPI.TOTL.ZG
Unemployment rate — SL.UEM.TOTL.ZS
Current account balance, % of GDP — BN.CAB.XOKA.GD.ZS
Exports of goods & services — NE.EXP.GNFS.CD
Central government debt, % of GDP — GC.DOD.TOTL.GD.ZS

OECD: FDI statistics by partner economy and by industry (Benchmark Definition, 4th edition) and the FDI Regulatory Restrictiveness Index.

Flows vs positions. Charts on this page show annual balance-of-payments flows. Bilateral and sector figures are positions (accumulated stocks) and are not directly comparable.

Negative values. Net flows can be negative when foreign investors withdraw capital or intra-company loans are repaid faster than new investment arrives.

Timing. Headline figures use 2024, the latest year with broad coverage across economies; charts also show any newer early estimates. Rankings cover economies only, not aggregates.

Counterparts. Bilateral data record the immediate counterpart, so financial centres and conduit economies can appear larger than the ultimate investors behind them.

WDI data updated 2026-07-13Sources & methods

Key figures, 2024