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The Turks and Caicos Islands, Bahamas, North Atlantic Ocean
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The Turks And Caicos Islands, Bahamas, North Atlantic Ocean

The unemployment rate in 2007 was 5.4%. In 2006–2007, the territory took in revenues of $202.5 million against expenditures of $199.5 million. In 1995, the island received economic aid worth $5.7 million. The territory's currency is the United States dollar, with a few government fines (such as airport infractions) being payable in pounds sterling. Most commemorative coin issues are denominated in crowns.
The primary agricultural products include limited amounts of maize, beans, cassava (tapioca) and citrus fruits. Fish and conch are the only significant export, with some $169.2 million of lobster, dried and fresh conch, and conch shells exported in 2000, primarily to the United Kingdom and the United States. In recent years, however, the catch has been declining. The territory used to be an important trans-shipment point for South American narcotics destined for the United States, but due to the ongoing pressure of a combined American, Bahamian and Turks and Caicos effort this trade has been greatly reduced.
The islands import food and beverages, tobacco, clothing, manufacture and construction materials, primarily from the United States and the United Kingdom. Imports totalled $581 million in 2007.
The islands produce and consume about 5 GWh of electricity, per year, all of which comes from fossil fuels.

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Date added:Nov 08, 2012
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