Fact and figures<\/p>\n
DENPASAR, Bali (JP): Economic activities in the province of
\nBali was promising in 2000,with the growth rate of its gross
\ndomestic product (GDP) rising to 2.7 percent from minus 4.04
\npercent in l998.<\/p>\n
Bali's economic growth is still, however, dominated by its
\ntourist industry, which experienced a slight decline in l998.<\/p>\n
Despite the fact that Bali is still the number one tourist
\ndestination in Indonesia and one of major tourist destinations in
\nthe Asia Pacific region, according to the latest survey by the
\nAsia Wall Street Journal, it has been affected by the country's
\ndire economic condition.<\/p>\n
This can be seen from the slowdown in its nontourism sectors
\nsuch as non-oil exports (garment, handicraft, fishery and
\nagricultural products), investment and banking.<\/p>\n
The unstable political and social conditions in Indonesia and
\nsome neighboring countries have directly and indirectly affected
\nbusiness activities (excluding tourism) in Bali.<\/p>\n
The following data is taken from the latest report on Bali's
\neconomy released in March 2001 by Bank Indonesia's branch office
\nin Denpasar.<\/p>\n
Tourist industry<\/p>\n
The tourist industry in Bali fared relatively well in 2000
\nwith foreign tourists arrivals reaching 1.3 million and
\ncontributing Rp 5.1 trillion (about US$557 million at the current
\nrate) to the province's GDP. This does not include tourist
\naccommodation.<\/p>\n
For the past 10 years, the growth in the tourist
\nindustry averaged 11.4 percent per annum, with tourists' average
\nlength of stay of 4.2 days.<\/p>\n
It is expected that Bali will receive at least 1.44 million
\nforeign visitors, with foreign exchange earnings of $864 million
\n(with a daily spending of $150 and four days length of stay) in
\n2001.<\/p>\n
Tourism will likely remain the island's economic backbone.
\nThe growth in the industry is also expected to boost related
\nbusinesses such as the hotel and hospitality services.<\/p>\n
Star-rated hotel occupancy rates in Bali reach between 69.6
\npercent and 83.8 percent (especially in five-star hotels). During
\npeak seasons, the rates can rocket to more than 90 percent.<\/p>\n
The foreign tourists are mostly from Japan (26 percent),
\nAustralia (17 percent), Taiwan (11 percent), England (8 percent)
\nand Germany (6 percent). Tourists from other countries account
\nfor the remainder 32 percent.<\/p>\n
Total revenue from non-oil exports dropped slightly to $230
\nmillion in 2000 compared to the previous year's $236 million.<\/p>\n
Fishery products, garment and handicraft contributed to 75
\npercent of the total export revenue. Most of the exported items
\nwere shipped to Japan (50 percent) and the United States. Bali
\nspent $26 million for its imports in 2000, a sharp drop from the
\n$74 million in l999.<\/p>\n
Due to the ongoing economic crisis, and unstable social and
\npolitical conditions in Indonesia, foreign investment in Bali has
\nbeen relatively low. In 2000, total foreign and domestic
\ninvestment on the resort island only amounted to Rp 119 billion
\n(about US11.9 million).<\/p>\n
Until February 2001, Bali received $1.6 million in foreign
\ninvestment or less than 10 percent of the $1.76 million in the
\nsame period the previous year.<\/p>\n
Total population : 3.15 million
\n Economic growth : 3.83 percent
\n Regional GDP : Rp 17.56 billion
\n Number of workforce : 1.75 million
\n Per capita income : Rp 5.59 million ($590)
\n Unemployment rate : 3.6 percent<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/fact-and-figures-1447893297",
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"sponsor": "Okusi Associates",
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