Insurance and financial services in Turks and Caicos Islands
Turks and Caicos Islands: Insurance and financial services was 10.1% in 2018. ▲ Rising
Insurance and financial services in Turks and Caicos Islands, 2014–2018
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Turks and Caicos Islands is 10.1%, measured in 2018. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 9.7% on the previous year and up 226.9% over five years.
That places Turks and Caicos Islands 51st out of 197 countries with data for 2018, putting it in the middle of the range.
Insurance and financial services in Turks and Caicos Islands, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2014 | 3.1% | — |
| 2015 | 3.1% | -0.4% |
| 2016 | 7.4% | +139.8% |
| 2017 | 9.2% | +24.7% |
| 2018 | 10.1% | +9.7% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 10.1% is above the median for high income countries, which is 6.4%, 1.6× the median. (72 countries reporting)
- Turks and Caicos Islands's 10.1% is above the median for Latin America & Caribbean, which is 10.1%, 1.0× the median. (37 countries reporting)
Countries ranked near Turks and Caicos Islands
- 48 France 10.4% compare
- 49 Bolivia, Plurinational State of 10.3% compare
- 50 Antigua and Barbuda 10.2% compare
- 52 Sierra Leone 10.1% compare
- 53 Costa Rica 10.1% compare
- 54 Sao Tome and Principe 9.8% compare
More private sector data for Turks and Caicos Islands
- Merchandise trade 26.2% (2024)
- Food imports 25.3% (2012)
- Manufactures imports 43.3% (2012)
- Merchandise imports 485.00 million current US$ (2025)
- Food exports 15.9% (2012)
- Manufactures exports 80.0% (2012)
- Merchandise exports 5.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 106.71 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0029 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Turks and Caicos Islands?
- Insurance and financial services in Turks and Caicos Islands was 10.1% in 2018, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Turks and Caicos Islands?
- The highest recorded value was 10.1% in 2018.
- What is the lowest insurance and financial services recorded in Turks and Caicos Islands?
- The lowest recorded value was 3.1% in 2015.
- How does Turks and Caicos Islands rank for insurance and financial services?
- Turks and Caicos Islands ranks 51st out of 197 countries with data for 2018.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.