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The islands were part of the UK's Jamaican colony until 1962, when they assumed the status of a separate crown colony upon Jamaica's independence. The governor of The Bahamas oversaw affairs from 1965 to 1973. With Bahamian independence, the islands received a separate governor in 1973. Although independence was agreed upon for 1982, the policy was reversed and the islands remain a British overseas territory.

Location

two island groups in the North Atlantic Ocean, southeast of The Bahamas, north of Haiti

Natural Resources

spiny lobster, conch

Population - distribution

eight of the thirty islands are inhabited; the island of Providenciales is the most populated, but the most densely populated is Grand Turk

English (official)
GRAND TURK (capital) 5,000 (2014)
Conventional long form
none
Conventional short form
Turks and Caicos Islands
Local long form
Local short form
parliamentary democracy (House of Assembly); self-governing overseas territory of the UK
Name
Cockburn Town
Geographic coordinates
21 28 N, 71 08 W
Time difference
UTC-5 (same time as Washington, DC, during Standard Time)
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 more than 1 million visitors that arrived in 2013. Three-quarters of the visitors came by ship. Major sources of government revenue also include fees from offshore financial activities and customs receipts.
Inflation
None%
Total tax rate (% of commercial profits)
None%
Real Interest Rate
None%
Manufacturing, value added (% of GDP)
None%
Current Account Balance
US$
Labor Force, Total
Employment in Agriculture
1.21%
Employment in Industry
23.07%
Employment in Services
74.05%
Unemployment Rate
%
Imports of goods and services
US$
Exports of goods and services
US$
Total Merchandise Trade
%
FDI, net inflows
US$
Commercial Service Exports
US$
corn, beans, cassava (manioc, tapioca), citrus fruits; fish
tourism, offshore financial services
Commodities
lobster, dried and fresh conch, conch shells
Partners
Commodities
food and beverages, tobacco, clothing, manufactures, construction materials
Partners
Country Risk Rating
Business Climate Rating

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