Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Brother, Can You Spare me a Dime?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Brother, Can You Spare me a Dime?

Economic Data Reveals that Bali's Poor Getting a Smaller Share of the Benefits of an Expanding Economy.


Bali News:
Click Image to Enlarge

(7/2/2007)

Significant improvements in the economy of Bali are widening the gap between the wealthy and the poor and bringing few improvements in the living condition of the Island's poor.

According to the head of the consumer spending section of Bali's Central Statistic Bureau (BPS), Didik Nursetyohadi, "the poor are enjoying the fruits of development, but not to the degree of the rich."

Quoted in the Indonesian language Republika On-Line, Nursetyohadi's comments were made at a Bank Indonesia seminar on interpreting financial statistics held in Bali on June 25, 2007.

In reviewing current economic results for Bali, the first quarter of 2007 saw economic growth of 0.8% - a significant improvement over the previous year when tourist numbers were down following the Island's latest terrorist attack. Current growth is fueled by improving arrival figures which feed Bali's largest industry of tourism.

Purchasing Power

BPS reports that the average increase in purchasing power of the people of Bali stood at 109.4% in the first quarter of 2006. When broken down into economic sub-sectors, however, the purchasing power of the wealthy was measured at 126.5%, the middle-class at 103% and the poor declining – standing at only 89.6%.

Historical data from the BPS states that between the years 1993-2006 Bali's poor enjoyed a greater share of economic development when their purchasing power exceeded 100% in 1996, 1997, 1998 and 1999.

Hit hard by the Asian economic crisis, the "rich: in Bali saw their purchasing power decrease to 94.3% in 1999. But, explained Nursetyohadi, the wealthier classes in Bali have made a rapid recovery and now enjoy a greater share of economic advances."

At the seminar, Raga Nugraha, a staff member from the Bali Bank Indonesia branch said that while Bali's economy is experiencing strong growth, the nature of that growth is having little positive impact on providing equable benefits to every socio-economic strata of local society or in generating significant employment opportunities.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
What’s New in Ubud?
Renewed Alaya Resort Ubud and Manisan Restaurant Now Open for Business
(9/25/2016)
Return to Sender
Singaporean Arrested Trying to Smuggle Drugs Through Bali’s Postal System
(9/25/2016)
Why the Chicken Crossed the Ring
Chicken in Cock Flight Sends Balinese Owner to Intensive Care with a Cut Artery
(9/25/2016)
Bali Beach Head in the Fight Against Polluted Oceans
2,500 Volunteers Join Coastal Clean Up of Bali Beached Organized by Bali Hotel Association
(9/25/2016)
A Lack of Chinese Characters
Bali Legislator Wants Punishment Imposed on Chinese Scuba Divers Who Deface Coral Reefs
(9/25/2016)
Bali Struggles with LGBT Travel Continues
Some Elements in Bali Take Strong Umbrage at Reports of Gay Pre-Wedding Photos Taken in Bali
(9/25/2016)
More Capacity Between Bali & Lombok?
Garuda Eyes Adding Seat Capacity Between Bali and Lombok
(9/25/2016)
Bali Beach Body Contact
Sheraton Bali Kuta Resorts Hosts Bali Beach Body Combat on Sunday, November 6, 2016, to Help UNICEF
(9/25/2016)
Bali and Beyond to Maumere
Garuda Indonesia Flies Four Times a Week Bali to Maumere, Flores
(9/25/2016)
In a Spanish Mood
Spanish-based Indonesian Pianist Ananda Sukarlan to Speak and Debut New Compositions at Ubud Writers and Readers Festival
(9/25/2016)
Feeling Ill? Call the ‘Boogie Man’
Bali Airport Provides Mini-Ambulance to Reduce Response Time in Case of a Medical Emergency
(9/25/2016)
Feeling for a Motherless Child
Moved by News Reports of a Motherless Child, Bali Governor Reaches Out to Help the Baby and its Single-Father
(9/25/2016)
All [News]!