Central America and the Caribbean > Turks and Caicos Islands > Economy

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Agriculture > products corn, beans, cassava, citrus fruits; fish
Budget > Expenditures	$33,600,000.00		[12th of 165]
Budget > Revenues	$47,000,000.00		[12th of 166]
Economic aid > Recipient	$4,100,000.00		[12th of 134]
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.
Exchange rates	the US dollar is used
Exports	$169,200,000.00		[4th of 189]
Exports > Commodities lobster, dried and fresh conch, conch shells
Exports > Partners	US, UK
Exports to US	$1,200,000.00		[174th of 224]
Fiscal year	calendar year
GDP	$231,000,000.00		[185th of 203]
GDP (purchasing power parity)	$216,000,000.00		[16th of 187]
GDP > Real growth rate	4.9%		[1st of 198]
Imports	$175,600,000.00		[11th of 185]
Imports > Commodities food and beverages, tobacco, clothing, manufactures, construction materials
Imports from US	$16,200,000.00		[123rd of 224]
Tourist arrivals by region of origin > Europe	10,634		[160th of 195]
Trade balance with US	$15,000,000.00		[39th of 224]
Trade with US > US exports of textile, sewing machines	135		[110th of 183]

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