Country Profile: Turks and Caicos Islands
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. Grand Turk island suffered extensive damage from Hurricane Maria on 22 September 2017 resulting in loss of power and communications as well as damage to housing and businesses.
Economy: 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 arrive annually. Three-quarters of the visitors come by ship. Major sources of government revenue also include fees from offshore financial activities and customs receipts.
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