Wednesday, February 15, 2012

Bali’s Economy Robust in 2011

Bali by the Numbers: Bali’s Gross Domestic Product Grew 6.29% in 2011

The Central Statistic Bureau (BPS) in Bali recorded a 6.49% growth in the Regional Gross Domestic Product (GDP) for Bali for 2011.

As reported by Bisnis Indonesia, the head of BPS in Bali, Gede Suarsa said the GDP for Bali in 2011 totaled Rp. 73.47 trillion (US$8.16 million) as measured by current transaction values.

The 2011 figures represent a 10% increase over the GDP for 2010 of Rp. 66.69 trillion (US$7.4 million).

Suarsa said the source of growth in Bali’s 2011 results came from the following sub-sectors of the economy:
Mining and excavation up 10.51%
Service industry up 9.97%
Trading, hotel and restaurants up 8.65%
Construction up 7.88%
Electrical, gas and clean water up 7.35%
Financial services and leasing up 6.22%
Transportation and communication up 5.97%
Agriculture up 2.23%
In 2011 Bali exports increased 106% over the previous year. At the same time, Bali’s level of imports from overseas and other areas of Indonesia increased 113.38% in 2011. As a result, the effect of net exports on Bali’s economy was relatively small.

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