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- <text id=93CT1444>
- <title>
- Turks & Caicos Islands--Economy
- </title>
- <article><source>CIA Factbook</source><hdr>The World Factbook 1993: Turks and Caicos Islands
- Economy</hdr><body>
- <p>Overview: The economy is based on fishing, tourism, and
- offshore banking. Only subsistence farming - corn, cassava,
- citrus, and beans - exists on the Caicos Islands, so that most
- foods, as well as nonfood products, must be imported.
- </p>
- <p>National product: GDP - purchasing power equivalent - $68.5
- million (1989 est.)
- </p>
- <p>National product real growth rate: NA%
- </p>
- <p>National product per capita: $5,000 (1989 est.)
- </p>
- <p>Inflation rate (consumer prices): NA%
- </p>
- <p>Unemployment rate: 12% (1992)
- </p>
- <p>Budget: revenues $20.3 million; expenditures $44.0 million,
- including capital expenditures of $23.9 million (1989)
- </p>
- <list>
- <l>Exports: $4.1 million (f.o.b., 1987)</l>
- <l> commodities: lobster, dried and fresh conch, conch
- shells</l>
- <l> partners: US, UK</l>
- <l>Imports: $33.2 million (c.i.f., FY84)</l>
- <l> commodities: foodstuffs, drink, tobacco, clothing,
- manufactures, construction materials</l>
- <l> partners: US, UK</l>
- </list>
- <p>External debt: $NA
- </p>
- <p>Industrial production: growth rate NA%
- </p>
- <p>Electricity: 9,050 kW capacity; 11.1 million kWh produced, 860
- kWh per capita (1992)
- </p>
- <p>Industries: fishing, tourism, offshore financial services
- </p>
- <p>Agriculture: subsistence farming prevails, based on corn and
- beans; fishing more important than farming; not self-sufficient
- in food
- </p>
- <p>Economic aid: Western (non-US) countries, ODA and OOF
- bilateral commitments (1970-89), $110 million
- </p>
- <p>Currency: US currency is used
- </p>
- <p>Exchange rates: US currency is used
- </p>
- <p>Fiscal year: calendar year
- </p></body></article></text>
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