Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Brother, Can You Spare me a Dime?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Brother, Can You Spare me a Dime?

Economic Data Reveals that Bali's Poor Getting a Smaller Share of the Benefits of an Expanding Economy.


Bali News:
Click Image to Enlarge

(7/2/2007)

Significant improvements in the economy of Bali are widening the gap between the wealthy and the poor and bringing few improvements in the living condition of the Island's poor.

According to the head of the consumer spending section of Bali's Central Statistic Bureau (BPS), Didik Nursetyohadi, "the poor are enjoying the fruits of development, but not to the degree of the rich."

Quoted in the Indonesian language Republika On-Line, Nursetyohadi's comments were made at a Bank Indonesia seminar on interpreting financial statistics held in Bali on June 25, 2007.

In reviewing current economic results for Bali, the first quarter of 2007 saw economic growth of 0.8% - a significant improvement over the previous year when tourist numbers were down following the Island's latest terrorist attack. Current growth is fueled by improving arrival figures which feed Bali's largest industry of tourism.

Purchasing Power

BPS reports that the average increase in purchasing power of the people of Bali stood at 109.4% in the first quarter of 2006. When broken down into economic sub-sectors, however, the purchasing power of the wealthy was measured at 126.5%, the middle-class at 103% and the poor declining – standing at only 89.6%.

Historical data from the BPS states that between the years 1993-2006 Bali's poor enjoyed a greater share of economic development when their purchasing power exceeded 100% in 1996, 1997, 1998 and 1999.

Hit hard by the Asian economic crisis, the "rich: in Bali saw their purchasing power decrease to 94.3% in 1999. But, explained Nursetyohadi, the wealthier classes in Bali have made a rapid recovery and now enjoy a greater share of economic advances."

At the seminar, Raga Nugraha, a staff member from the Bali Bank Indonesia branch said that while Bali's economy is experiencing strong growth, the nature of that growth is having little positive impact on providing equable benefits to every socio-economic strata of local society or in generating significant employment opportunities.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
No Right to Bear Arms in Paradise
Police Arrest American at Bali Airport with 12 Rounds of Live Ammunition
(3/23/2017)
On the Road to Nowhere
Bali Toll Road to Close for 32 Hours During Nyepi New Year Period
(3/23/2017)
No Landings. No Take-offs
Bali Airport to Close for 24 Hours on March 28, 2017
(3/23/2017)
A Moving Experience
Bali Gets a Strong Early Morning Wake Call via a 6.4 Magnitude Earthquake on Wednesday, March 22, 2017
(3/23/2017)
In the Event of a Sudden Loss . . .
Garuda’s Profitability Drops 89% in 2016
(3/23/2017)
A Silent Night Before a Silent Day?
Bali Chief Policeman Issues Call for Discipline and Self-Control Over Nyepi Holiday
(3/22/2017)
Weddings that Stop Traffic
Bali Toll Roll Rentable for Wedding Photo Shoots
(3/19/2017)
All Inclusively Including Lombok
Club Med to Open in Lombok in 2019
(3/19/2017)
Things Going Dramatically for Jeremy
Criminal Case Against Indonesian Actor Jeremy Thomas Moves Forward in Bali
(3/18/2017)
Crossing the Bridge of Love at Nusa Penida
Nusa Penida’s New Yellow Bridge Becomes a New Icon of Bali Tourism
(3/19/2017)
Did You Feel It?
Mild Earthquake on Friday, March 17, 2017 - 334 km Southwest of Bali
(3/18/2017)
Keeping the Peace and Quiet
5.600 Police and 22,000 Volunteers to Keep Things Quiet on Hari Nyepi – March 28, 2017
(3/18/2017)
All [News]!