(11/4/2012)
The State News Agency Antara quotes the Bali office of the Central Statistic Agency (BPS) who reports that the Island’s travel trade (trade, hotel and restaurants) contributes more than 65% of Bali’s annual gross regional domestic product.
The BPS also cited the transport, communications, finance and rental sectors as making significant contributions to Bali’s economy.
The BPS study also mention Bali’s numerous infrastructure projects in anticipation of the APEC 2013 project, including the upgrading of the Ngurah Rai International Airport, the construction of the Benoa-Ngurah Rai-Nusa Dua toll road and the Simpang Siur underpass.
The BPS warned that Bali’s agricultural sector continues to shrink due to encroaching urbanization of the island. It is estimated that 0.5% (426 hectares) of all farming land in Bali is lost each year to urban development.
The manufacturing sector also continues to grow in Bali.
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