Part 844

National capital: Grand Turk

Administrative divisions: none (dependent territory of the UK)

Independence: none (dependent territory of the UK)

National holiday: Constitution Day, 30 August (1976)

Constitution: introduced 30 August 1976, suspended in 1986, restored and revised 5 March 1988

Legal system: based on laws of England and Wales with a small number adopted from Jamaica and The Bahamas

Suffrage: 18 years of age; universal

Executive branch: chief of state: Queen ELIZABETH II of the UK (since 6 February 1953), represented by Governor John KELLY (since NA September 1996) head of government: Chief Minister Derek H. TAYLOR (since 31 January 1995) cabinet: Executive Council consists of three ex officio members and five appointed by the governor from among the members of the Legislative Council elections: none; the queen is a hereditary monarch; governor appointed by the queen; chief minister appointed by the governor

Legislative branch: unicameral Legislative Council (19 seats, of which 13 are popularly elected; members serve three-year terms) elections: last held 31 January 1995 (next to be held by NA December 1998) election results: percent of vote by party - NA; seats by party - PDM 8, PNP 4, independent (Norman SAUNDERS) 1

Judicial branch: Supreme Court

Political parties and leaders: Progressive National Party (PNP), Washington MISICK; People's Democratic Movement (PDM), Derek H. TAYLOR; United Democratic Party (UDP), Wendal SWANN

International organization participation: Caricom (associate), CDB, Interpol (subbureau)

Diplomatic representation in the US: none (dependent territory of the UK)

Diplomatic representation from the US: none (dependent territory of the UK)

Flag description: blue with the flag of the UK in the upper hoist-side quadrant and the colonial shield centered on the outer half of the flag; the shield is yellow and contains a conch shell, lobster, and cactus

Economy

Economy - overview: The Turks and Caicos economy is based on tourism, fishing, and offshore financial services. Most food for domestic consumption is imported; there is some subsistence farming - mainly corn, cassava, citrus, and beans - on the Caicos Islands. The tourism sector expanded in 1995, posting a 10% increase in the first quarter as compared to the same period in 1994. The US was the leading source of tourists in 1995, accounting for upward of 70% of arrivals or about 60,000 visitors. Major sources of government revenue include fees from offshore financial activities and customs receipts as the Islands rely on imports for nearly all consumption and capital goods.

GDP: purchasing power parity - $84.5 million (1993 est.)

GDP - real growth rate: 2% (1993 est.)

GDP - per capita: purchasing power parity - $6,400 (1993 est.)

GDP - composition by sector: agriculture : NA% industry: NA% services: NA%

Inflation rate - consumer price index: NA%

Labor force: total: 4,848 (1990 est.) by occupation: majority engaged in fishing and tourist industries; some subsistence agriculture

Unemployment rate: 12% (1992)

Budget: revenues: $31.9 million expenditures: $30.4 million, including capital expenditures of $NA (1995)

Industries: fishing, tourism, offshore financial services

Industrial production growth rate: NA%

Electricity - capacity: NA kW