Friday, November 27, 2009
Three decades ago, the Balinese economy was largely agriculture-based in terms of both output and employment. Tourism is now the largest single industry; and as a result, Bali is one of Indonesia’s wealthiest regions. About 80% of Bali's economy depends on tourism.The economy, however, suffered significantly as a result of the terrorist bombings of 2002 and 2005. The industry is slowly recovering once again.
Although tourism produces the economy’s largest output, agriculture is still the island’s biggest employer , most notably rice cultivation. Crops grown in smaller amounts include fruit, vegetables, Coffee arabica and other cash and subsistence crops. Fishing also provides a significant number of jobs. Bali is also famous for its artisans who produce a vast array of handicrafts, including batik and ikat cloth and clothing, wooden carvings, stone carvings, painted art and silverware. Notably, individual villages typically adopt a single product, such as wind chimes or wooden furniture.