Turks and Caicos Islands - Services
Financial intermediary services indirectly Measured (FISIM) (current LCU)
The value for Financial intermediary services indirectly Measured (FISIM) (current LCU) in Turks and Caicos Islands was 67,167,000 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 83,944,700 in 2008 and a minimum value of 18,357,000 in 2003.
Definition: Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2000 | 22,262,100 |
| 2001 | 22,875,500 |
| 2002 | 21,839,100 |
| 2003 | 18,357,000 |
| 2004 | 22,741,000 |
| 2005 | 36,184,700 |
| 2006 | 52,519,600 |
| 2007 | 78,244,300 |
| 2008 | 83,944,700 |
| 2009 | 78,350,800 |
| 2010 | 68,850,600 |
| 2011 | 54,848,200 |
| 2012 | 56,402,800 |
| 2013 | 55,298,000 |
| 2014 | 52,798,000 |
| 2015 | 48,479,000 |
| 2016 | 49,386,000 |
| 2017 | 52,374,000 |
| 2018 | 62,380,000 |
| 2019 | 65,858,000 |
| 2020 | 67,167,000 |
Financial intermediary services indirectly Measured (FISIM) (constant LCU)
The value for Financial intermediary services indirectly Measured (FISIM) (constant LCU) in Turks and Caicos Islands was 57,980,780 as of 2020. As the graph below shows, over the past 8 years this indicator reached a maximum value of 58,272,560 in 2019 and a minimum value of 45,565,200 in 2016.
Definition: Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2012 | 56,403,000 |
| 2013 | 55,103,490 |
| 2014 | 50,050,000 |
| 2015 | 45,705,690 |
| 2016 | 45,565,200 |
| 2017 | 49,623,130 |
| 2018 | 56,574,560 |
| 2019 | 58,272,560 |
| 2020 | 57,980,780 |
Services, value added (current US$)
The latest value for Services, value added (current US$) in Turks and Caicos Islands was $672,207,000 as of 2020. Over the past 19 years, the value for this indicator has fluctuated between $903,024,000 in 2019 and $287,915,200 in 2001.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2001 | $287,915,200 |
| 2002 | $288,766,300 |
| 2003 | $310,514,400 |
| 2004 | $360,282,600 |
| 2005 | $423,345,800 |
| 2006 | $516,201,100 |
| 2007 | $578,900,200 |
| 2008 | $668,051,000 |
| 2009 | $568,826,300 |
| 2010 | $572,903,800 |
| 2011 | $604,085,200 |
| 2012 | $598,007,900 |
| 2013 | $615,750,300 |
| 2014 | $664,749,100 |
| 2015 | $722,281,000 |
| 2016 | $803,019,000 |
| 2017 | $786,719,000 |
| 2018 | $854,884,000 |
| 2019 | $903,024,000 |
| 2020 | $672,207,000 |
Services, value added (current LCU)
The value for Services, value added (current LCU) in Turks and Caicos Islands was 672,207,000 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 903,024,000 in 2019 and a minimum value of 254,052,400 in 2000.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2000 | 254,052,400 |
| 2001 | 287,915,200 |
| 2002 | 288,766,300 |
| 2003 | 310,514,400 |
| 2004 | 360,282,600 |
| 2005 | 423,345,800 |
| 2006 | 516,201,100 |
| 2007 | 578,900,200 |
| 2008 | 668,051,000 |
| 2009 | 568,826,300 |
| 2010 | 572,903,800 |
| 2011 | 604,085,200 |
| 2012 | 598,007,900 |
| 2013 | 615,750,300 |
| 2014 | 664,749,100 |
| 2015 | 722,281,000 |
| 2016 | 803,019,000 |
| 2017 | 786,719,000 |
| 2018 | 854,884,000 |
| 2019 | 903,024,000 |
| 2020 | 672,207,000 |
Services, value added (constant 2010 US$)
The latest value for Services, value added (constant 2010 US$) in Turks and Caicos Islands was 598,302,000 as of 2020. Over the past 8 years, the value for this indicator has fluctuated between 843,636,100 in 2019 and 598,302,000 in 2020.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2012 | 629,939,500 |
| 2013 | 634,414,700 |
| 2014 | 665,996,600 |
| 2015 | 722,281,000 |
| 2016 | 784,417,900 |
| 2017 | 763,027,300 |
| 2018 | 806,907,700 |
| 2019 | 843,636,100 |
| 2020 | 598,302,000 |
Services, value added (annual % growth)
The value for Services, value added (annual % growth) in Turks and Caicos Islands was -29.08 as of 2020. As the graph below shows, over the past 7 years this indicator reached a maximum value of 8.60 in 2016 and a minimum value of -29.08 in 2020.
Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2013 | 0.71 |
| 2014 | 4.98 |
| 2015 | 8.45 |
| 2016 | 8.60 |
| 2017 | -2.73 |
| 2018 | 5.75 |
| 2019 | 4.55 |
| 2020 | -29.08 |
Services, value added (constant LCU)
The value for Services, value added (constant LCU) in Turks and Caicos Islands was 567,974,100 as of 2020. As the graph below shows, over the past 8 years this indicator reached a maximum value of 800,872,400 in 2019 and a minimum value of 567,974,100 in 2020.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2012 | 598,008,000 |
| 2013 | 602,256,300 |
| 2014 | 632,237,400 |
| 2015 | 685,668,700 |
| 2016 | 744,655,900 |
| 2017 | 724,349,700 |
| 2018 | 766,005,800 |
| 2019 | 800,872,400 |
| 2020 | 567,974,100 |
Services, value added (% of GDP)
Services, value added (% of GDP) in Turks and Caicos Islands was 72.70 as of 2020. Its highest value over the past 20 years was 83.42 in 2010, while its lowest value was 71.51 in 2006.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2000 | 79.53 |
| 2001 | 80.26 |
| 2002 | 78.75 |
| 2003 | 75.78 |
| 2004 | 74.19 |
| 2005 | 73.16 |
| 2006 | 71.51 |
| 2007 | 74.84 |
| 2008 | 77.44 |
| 2009 | 80.89 |
| 2010 | 83.42 |
| 2011 | 82.89 |
| 2012 | 82.24 |
| 2013 | 81.64 |
| 2014 | 79.04 |
| 2015 | 76.67 |
| 2016 | 77.78 |
| 2017 | 76.95 |
| 2018 | 76.80 |
| 2019 | 75.41 |
| 2020 | 72.70 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
