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  3. WorldFact.guide/Economy (Turks and Caicos Islands)</TITLE>
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  7. <PRE>
  8. Economy (Turks and Caicos Islands)
  9. ==================================
  10.  
  11.  
  12.      Overview:
  13.          The economy is based on fishing, tourism, and offshore banking. Only
  14.          subsistence farming - corn and beans - exists on the Caicos Islands, so that
  15.          most foods, as well as nonfood products, must be imported.
  16.      GDP:
  17.          purchasing power equivalent - $44.9 million, per capita $5,000; real growth
  18.          rate NA% (1986)
  19.      Inflation rate (consumer prices):
  20.          NA%
  21.      Unemployment rate:
  22.          12% (1989)
  23.      Budget:
  24.          revenues $12.4 million; expenditures $15.8 million, including capital
  25.          expenditures of $2.6 million (FY87)
  26.      Exports:
  27.          $2.9 million (f.o.b., FY84)
  28.        commodities:
  29.          lobster, dried and fresh conch, conch shells
  30.        partners:
  31.          US, UK
  32.      Imports:
  33.          $26.3 million (c.i.f., FY84)
  34.        commodities:
  35.          foodstuffs, drink, tobacco, clothing
  36.        partners:
  37.          US, UK
  38.      External debt:
  39.          $NA
  40.      Industrial production:
  41.          growth rate NA%
  42.      Electricity:
  43.          9,050 kW capacity; 11.1 million kWh produced, 1,140 kWh per capita (1990)
  44.      Industries:
  45.          fishing, tourism, offshore financial services
  46.      Agriculture:
  47.          subsistence farming prevails, based on corn and beans; fishing more
  48.          important than farming; not self-sufficient in food
  49.      Economic aid:
  50.          Western (non-US) countries, ODA and OOF bilateral commitments (1970-89),
  51.          $110 million
  52.      Currency:
  53.          US currency is used
  54.      Exchange rates:
  55.          US currency is used
  56.      Fiscal year:
  57.          calendar year
  58.  
  59.  
  60.  
  61. </PRE>
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  64. <address>
  65. converted with guide2html by <a href="http://www-users.informatik.rwth-aachen.de/~ruebe/ich.html">Kochtopf</a></address>
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