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Bali Economic Update

Bali by the Numbers: Strong Growth in Bali's Economy and Rising Per Capita Incomes Achieved in 2009.


Bali News: Bali Economic Update
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(5/22/2010)

Antara, the national news agency, reports that Bali's economy is recovering nicely form the world wide economic crisis and benefiting from the buoyant local tourism industry.

The chief of the Bali Central Statistic Bureau, Ida Komang Wisnu, said that the island's economy grew 1.19% in Q1 2010. Tourism was the main contributor to Bali's growth while the service sector outside of tourism shrank 1.07 % during the same period. This sluggish sub-sector of service sector is linked to a downturn in government spending.

Meanwhile, the section chief of Publications and Documentation in the Public Relations section of the Bali provincial government, I Ketut Teneng, said that Bali's economy grew by 5.33% in 2009, a figure officials hope will be surpassed for the entire year 2010.

The service sector accounts for 65.58% of Bali's total economy, followed by the primary sector (e.g. mining agriculture and fishing) at 18.86%, and the secondary sector (manufacturing) at 15.56%.

Bali gross domestic product totaled Rp. 57,579 trillion (US$6.3 billion) for 2009, increasing from Rp. 49,922 billion (US$5.4 billion) in 2008. This translated into a increase in the per capita gross domestic product for the Balinese to the level of Rp. 16.2 million (US$1,7,60), and increase of 14.08% over 2008.

Governor Pastika has announced his intention to increase the per capita income of the Balinese to Rp. 22.5 million (US$2,445) by 2013.


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