Because of its secluded location and the privacy it provides, Parrot Cay has become very popular with many celebrities. Guests have included Paul McCartney, Justin Timberlake, Barbra Streisand, Penélope Cruz, Julia Roberts and Phil Collins, and it has also hosted the weddings of Ben Affleck and Jennifer Garner in 2005.
The Turks and Caicos economy is based on tourism, offshore financial services, and fishing. Most capital goods and food for domestic consumption are imported.