Bali: The Economy
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. By end of June 2011, non-performing loan of all banks in Bali were 2.23 percent average, relatively quite low compare to about 5 percent average of Indonesian banking industry non-performing loan. The economy, however, suffered significantly as a result of the terrorist bombings 2002 and 2005. The tourism industry is slowly recovering once again.
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