What Is The Economy Like?
Bali is one of the wealthiest regions in Indonesia. Its GDP as of 2015 is $49.59 Billion USD, which ranks 12th among Indonesian provinces. Tourism is the single largest income producing industry, followed by agriculture, handicrafts, and fishing. Bali’s immense popularity as a tourist destination led the GDP to rise 16.9 percent from 2001 to 2015.
While tourism provides the greatest GDP output, agriculture remains the island’s largest employer. Rice is the most important agricultural product, and there is also mass cultivation of vegetables, fruits, coffee, vanilla, soybeans and chilies.
The poverty rate is about 4 percent, but the daily spending difference between those in poverty and the middle class is small.
Related Questions
- What Is Bali's Currency?
- What is the Population and Ethnic Makeup of Bali?
- Is the Government Stable?
- Will I See A Lot Of Poverty?
- What Are Voting Rights Like in Indonesia?
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