Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Turks and Caicos Islands
Turks and Caicos Islands: Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) was 0.63 million SLC in 2023. ▲ Rising
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Turks and Caicos Islands, 1995–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation (agriculture, forestry and fishing) in Turks and Caicos Islands is 0.63 million SLC, measured in 2023.
That represents a change of up 11.5% on the previous year and up 41.6% over ten years.
Over the whole period, gross fixed capital formation (agriculture, forestry and fishing) in Turks and Caicos Islands peaked at 0.731 million SLC in 2007 and was at its lowest, 0.1215 million SLC, in 1996.
That places Turks and Caicos Islands 176th out of 181 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) in Turks and Caicos Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 0.1504 million SLC | — |
| 1996 | 0.1215 million SLC | -19.2% |
| 1997 | 0.1594 million SLC | +31.2% |
| 1998 | 0.2004 million SLC | +25.7% |
| 1999 | 0.2126 million SLC | +6.1% |
| 2000 | 0.1941 million SLC | -8.7% |
| 2001 | 0.2023 million SLC | +4.2% |
| 2002 | 0.2023 million SLC | +0.0% |
| 2003 | 0.2598 million SLC | +28.4% |
| 2004 | 0.3789 million SLC | +45.8% |
| 2005 | 0.5218 million SLC | +37.7% |
| 2006 | 0.6923 million SLC | +32.7% |
| 2007 | 0.731 million SLC | +5.6% |
| 2008 | 0.5806 million SLC | -20.6% |
| 2009 | 0.4247 million SLC | -26.8% |
| 2010 | 0.3459 million SLC | -18.5% |
| 2011 | 0.3298 million SLC | -4.7% |
| 2012 | 0.3261 million SLC | -1.1% |
| 2013 | 0.4449 million SLC | +36.4% |
| 2014 | 0.4533 million SLC | +1.9% |
| 2015 | 0.4542 million SLC | +0.2% |
| 2016 | 0.4762 million SLC | +4.8% |
| 2017 | 0.4972 million SLC | +4.4% |
| 2018 | 0.4981 million SLC | +0.2% |
| 2019 | 0.52 million SLC | +4.4% |
| 2020 | 0.4502 million SLC | -13.4% |
| 2021 | 0.5005 million SLC | +11.2% |
| 2022 | 0.5651 million SLC | +12.9% |
| 2023 | 0.63 million SLC | +11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1689 million SLC | 0.1215 million SLC | 0.2126 million SLC | 5 |
| 2000s | 0.4188 million SLC | 0.1941 million SLC | 0.731 million SLC | 10 |
| 2010s | 0.4346 million SLC | 0.3261 million SLC | 0.52 million SLC | 10 |
| 2020s | 0.5365 million SLC | 0.4502 million SLC | 0.63 million SLC | 4 |
Countries ranked near Turks and Caicos Islands
More environment data for Turks and Caicos Islands
- Standard Deviation, annual growth rate 58.48 % change on previous year (1993)
- Historical exposure to drought — Land soil moisture anomaly 11.79 Percentage change (2025)
- Temperature change -0.665 °C (1993)
- Standard Deviation 0.832 °C (1993)
- Wood fuel, coniferous — Production 0 m3 (2024)
- Pulp for paper — Import quantity 1 t (2024)
- Wood fuel, non-coniferous — Production 1,308 m3 (2024)
- Total fibre furnish — Import quantity 1 t (2024)
- Fibreboard — Import value 110 1000 USD (2024)
- Industrial roundwood — Export quantity 0 m3 (2024)
Frequently asked questions
- What is gross fixed capital formation (agriculture, forestry and fishing) in Turks and Caicos Islands?
- Gross fixed capital formation (agriculture, forestry and fishing) in Turks and Caicos Islands was 0.63 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation (agriculture, forestry and fishing) recorded in Turks and Caicos Islands?
- The highest recorded value was 0.731 million SLC in 2007.
- What is the lowest gross fixed capital formation (agriculture, forestry and fishing) recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.1215 million SLC in 1996.
- How does Turks and Caicos Islands rank for gross fixed capital formation (agriculture, forestry and fishing)?
- Turks and Caicos Islands ranks 176th out of 181 countries with data for 2023.
- Is gross fixed capital formation (agriculture, forestry and fishing) rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 41.6%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation (Agriculture, Forestry and Fishing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.