Economy (Turks and Caicos Islands)
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     Overview:
         The economy is based on fishing, tourism, and offshore banking. Only
         subsistence farming - corn and beans - exists on the Caicos Islands, so that
         most foods, as well as nonfood products, must be imported.
     GDP:
         purchasing power equivalent - $44.9 million, per capita $5,000; real growth
         rate NA% (1986)
     Inflation rate (consumer prices):
         NA%
     Unemployment rate:
         12% (1989)
     Budget:
         revenues $12.4 million; expenditures $15.8 million, including capital
         expenditures of $2.6 million (FY87)
     Exports:
         $2.9 million (f.o.b., FY84)
       commodities:
         lobster, dried and fresh conch, conch shells
       partners:
         US, UK
     Imports:
         $26.3 million (c.i.f., FY84)
       commodities:
         foodstuffs, drink, tobacco, clothing
       partners:
         US, UK
     External debt:
         $NA
     Industrial production:
         growth rate NA%
     Electricity:
         9,050 kW capacity; 11.1 million kWh produced, 1,140 kWh per capita (1990)
     Industries:
         fishing, tourism, offshore financial services
     Agriculture:
         subsistence farming prevails, based on corn and beans; fishing more
         important than farming; not self-sufficient in food
     Economic aid:
         Western (non-US) countries, ODA and OOF bilateral commitments (1970-89),
         $110 million
     Currency:
         US currency is used
     Exchange rates:
         US currency is used
     Fiscal year:
         calendar year