The Turks and Caicos Islands are a British Overseas Territory consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and northern West Indies. They are known primarily for tourism and as an offshore financial centre. The resident population in 2023 was estimated by The World Factbook at 59,367, making it the third-largest of the British overseas territories by population. However, according to a Department of Statistics estimate in 2022, the population was 47,720.