The central government has admitted that Bali’s GDP is still heavily affected by the pandemic though other Indonesian provinces have begun to see economic recovery.
The Minister of Finance, Sri Mulyani, confirmed that the economic growth rate in Bali is still on the negative end through 2021 because of the Covid-19 pandemic that heavily affected the tourism sector.
“Although provinces in Java and Sumatra recorded an increase on their GDP in 2021, Bali hasn’t seen any positive development on their economic growth,” Sri Mulyani said on Wednesday (9/2).
The pandemic and lack of tourism have made the island face a significant financial crisis in 2021, causing the GDP to drop by minus 2.47 percent. However, Sri Mulyani admitted that this was already an improvement from 2020 when the province showed minus 9.3 percent on its GDP.
“This situation is caused by the island’s dependancy on the hospitality industry, which is still paralyzed,” she added.
Sri Mulyani is optimistic that Bali’s GDP will grow in 2022 as the central government begins to lose its strict travel requirements for international travelers.
She also hopes that the growth of Bali’s GDP can reduce the unemployment and poverty rates on the island.
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Peter Sheppard
Sunday 13th of February 2022
My wife and I believe that the Indonesian government must help the Balinese as they still have to pay for their booster shots but the poor buggers have trouble feeding themselves and they still have to pay up which I think is very sad, The little island of Bali generates around 75% of Indonesians wealth so wouldn’t you think the government would be helping a lot more, very sad situation there now and still
Eid
Saturday 12th of February 2022
but don't do anything else to diversify bali economy. keep sitting on the ass and wait for a tourist handout like a beggar
Wayan Bo
Saturday 12th of February 2022
Just turn prices in US $ back, how it was in 1980’s, and beaches will be crowded again.
Michael
Friday 11th of February 2022
With a CONTINUED loss of over 6,000,000 visitors a year in a country with over 50% of its GDP dependent upon tourism what do they expect? In fact, if in reality Bali hasn’t suffered at LEAST double digit drops YOY for the last 2 years (soon 2022 too) I would be shocked. Your leaders are lying about the numbers to keep the people from revolting but the good people of Bali are smart enough to know the truth. Stop the carnage and remove all mandates so the Balinese people can rebuild their lives.
Paul Morris
Saturday 12th of February 2022
@Michael, Fully support what you are saying.
Wayan Bo
Saturday 12th of February 2022
@Michael, this can result in demands for independence, because very fertile business can be to have own state.