Bali’s Economy Surges Ahead
Bali’s economy is continuing to buck the global trend, and is surging forward, according to figures released by the government statistics agency.
Gede Suarsa, head of the statistics agency’s Denpasar branch, said that growth in the third quarter of 2011 had reached 6.54 percent, slightly higher than the national growth average of 6.5 percent.
Suarsa said that from Bali’s current performance officials were hoping for a further increase in the final quarter.
“We hope that economic growth in the fourth quarter this year will be even better, especially because we still have the peak season of tourist arrivals at the end of the year,” he said.
Suarsa said there had been a marked increase in the rate of growth across the year, fuelled mainly by the booming tourist economy and increasing visitor arrivals. He added that recent local festivals, including Idul Fitri and Galungan had boosted the domestic consumer market.
Suarsa said the internal boosts from consumer goods and tourism had mitigated a slump in exports caused by the global economic downturn.
Head of the provincial Trade and Industry Department Gede Darmaja said there had been a 17.72-percent drop-off in export takings in Bali in the first half of the year compared to the same period in 2010.
“The global crisis did not significantly affect Bali’s economy in general, but the producers and exporters were much more affected. Therefore, we should expand the domestic market,” he said.Filed under: Headlines