What is the state of Bali's economy?

The 2018 International Monetary Fund (IMF)-World Bank Annual Meeting held in Bali can be leveraged as an opportunity to further promote the island's destinations to international tourists. This, in turn, can boost the economy of this province, which covers an area of 5,637 square kilometers.

According to the Central Bureau of Statistics, Bali's economy in 2017, measured by its Gross Regional Domestic Product (GRDP) at current prices, reached Rp 215.36 trillion, and in the first half of 2018, it reached Rp 114.72 trillion. Meanwhile, the GRDP at constant 2010 prices last year was Rp 144.96 trillion, signifying a 5.66% economic growth compared to the previous year. In the first half of this year, Bali's GRDP reached Rp 75 trillion, showing a 5.86% growth compared to the first half of the previous year.

For information, the accommodation and food service sector is the largest contributor to the economy of this province with a population of 4.26 million people, contributing Rp 26.4 trillion in the first half of this year, or 23.22% of the total GRDP at constant 2010 prices. This is followed by the agricultural sector with a value of Rp 16.95 trillion, or 14.12% of the GRDP.