Tourist arrival - total flow

Data period: 2009-2023

Area: Bali

After a severe global stop to travel in 2020-2021 Bali is now on the recovery path.
In 2023 Bali welcomed approximately 5,300,000 international visitors.

tourist arrival bali chart
Source

Tourist arrival by continent

Data period: 2014-2022

Area: Bali

Bali has been steadily growing in the past. Tourism in Bali is expected to reach 7.000.000 arrivals in 2024.

turist arrival bali chart 2
Source

Tourist arrival by country

Data period: 2022

Area: Bali

Australian nationals are still dominating Bali tourism followed by Europeans. Together, these 2 demographics constitute approximately 50% of the total arrivals in Bali.

tourist arrival bar chart
Source

economic growth YOY

Data period: Q1 2019- Q3 2023

Area: Bali

Bali economy has been recovering very well after Covid and is now consolidating in preparation to further growth.

bali economic growth yoy chart
Source

Accommodation, transport, agriculture

Data period: Q1 2020- Q4 2023

Area: Bali

During the pandemic agriculture spiked higher. Now is in a steady decline due to increased construction activities. Transportation and warehousing is also signaling an increase in demand manifested in early 2022.

Responsive Stacked Area Chart
bali market data chart
Responsive Stacked Area Chart
Source

Working population, Bali Total

Data period: 2007-2023

Area: All Bali regencies

chart bali working population
Region 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Bali Province 1,982,134 2,029,730 2,057,118 2,177,358 2,159,158 2,252,475 2,242,076 2,272,632 2,324,805 2,416,555 2,398,307 2,525,707 2,469,006 2,423,419 2,441,854 2,607,070 2,617,816

Working population of Bali province by regency

Data period: 2007-2023

Area: All Bali regencies

The increase of working population in a specific area helps to outline the status of the local economies in Bali.
The highlights of 2023 data are:

  • Buleleng is experiencing economic development
  • Tabanan has accelerated its growth and broke out from stagnation.
  • Badung is experiencing a small contraction.
  • Denpasar could be experiencing a contraction due to dilution of workforce in other developing areas and away from badung.
bali working population
Region 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Jembrana 130,106 139,560 139,087 137,895 146,869 152,066 135,611 142,086 142,434 142,434 162,665 162,872 143,403 158,203 171,760 172,282 197,832
Tabanan 258,262 254,276 254,402 246,041 244,038 261,379 262,044 262,006 264,113 264,113 246,754 274,282 270,736 265,435 266,889 276,569 277,112
Badung 223,108 227,091 231,628 310,147 302,822 319,930 325,012 322,913 338,816 338,816 343,229 364,318 382,119 367,619 376,637 388,428 324,403
Gianyar 256,205 256,992 265,362 268,093 258,004 266,747 262,409 265,787 283,779 283,779 300,370 310,651 303,944 270,591 270,510 314,934 317,231
Klungkung 97,649 103,567 103,360 102,337 92,772 96,527 99,416 100,803 104,130 104,130 103,972 106,942 105,314 101,058 98,691 112,973 129,864
Bangli 139,067 137,805 138,040 132,684 139,202 141,782 140,122 143,857 135,709 135,709 142,559 148,423 145,481 143,650 144,897 150,045 171,097
Karangasem 220,330 234,540 228,473 224,945 232,241 238,928 242,195 240,451 241,983 241,983 238,742 256,342 254,667 252,869 256,630 270,291 321,506
Buleleng 346,575 352,428 371,828 332,432 332,090 348,514 345,423 333,594 345,326 345,326 358,107 375,393 339,818 362,851 355,940 371,334 456,389
Denpasar 310,832 323,471 324,938 422,784 411,120 426,602 429,844 461,135 468,515 468,515 501,909 526,484 523,524 501,143 499,900 550,214 422,382

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Indonesia GDP

Data period: Q1 2020- Q4 2023

Private consumption expected to drive growth in 2024, supported by increased business investment and public spending from reforms and government projects.

Responsive Stacked Area Chart
Responsive Stacked Area Chart

Balance of payments

Data period: Q1 2020- Q4 2023

A positive balance of payments indicates that a country is exporting more goods and services and receiving more income from abroad than it is spending on imports and foreign investments.

Responsive Stacked Area Chart
Responsive Stacked Area Chart

Market Indices

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Bali market update

Private consumption expected to drive growth in 2024, supported by increased business investment and public spending from reforms and government projects.

Title: Bali Market Update 2023: Navigating Recovery and Growth

Bali, a jewel in the crown of Indonesian tourism, has been navigating a complex landscape of challenges and opportunities. As of 2023, the island is making strides in recovery, with promising indicators across various sectors.

1. Total Flow of Tourist Arrival (2009-2022):Bali's tourism industry, after facing a severe global halt in 2020-2021, is now on a recovery path. The anticipation for the 2023 data is high, as it is expected to provide a comprehensive overview of Bali's resurgence as a favored tourist destination.

2. Tourist Arrival by Continent (2014-2022):The island's tourism has shown resilience, steadily growing even in the face of adversity. Projections for 2024 indicate that Bali is set to welcome around 7 million visitors, showcasing the remarkable strength of its tourism sector.

3. Tourist Arrival by Country (2022):Australian nationals continue to lead the way in Bali's tourism landscape, closely followed by Europeans. Together, these demographics make up a significant portion of the total arrivals, underlining the global appeal of Bali as a preferred travel destination.

4. Economic Growth YOY (Q1 2019 - Q3 2023):Bali's economy is not only recovering from the impact of the pandemic but is actively consolidating for future growth. The data from Q1 2019 to Q3 2023 reveals a positive trajectory, signaling resilience and adaptability in the face of challenges.

5. Accommodation, Transport, Agriculture (Q1 2020 - Q4 2023):Shifts in Bali's economic landscape are evident in the performance of key sectors. Agriculture, which saw a spike during the pandemic, is now in decline due to increased construction activities. Conversely, transportation and warehousing are experiencing an uptick in demand, especially noted in early 2022.

6. Working Population (2007-2023):Bali's working population has been on a consistent upward trend. In 2023, specific regions like Buleleng and Tabanan are emerging as economic hotspots, while Badung faces a minor contraction, and Denpasar navigates potential slowdowns due to workforce dynamics.

7. Inflation (2003-2023):While inflation details for Bali are not explicitly provided, the broader context of Indonesia's inflation can influence local markets.

8. Indonesia GDP (Q1 2020 - Q4 2023):Indonesia's positive GDP outlook bodes well for Bali. Private consumption is expected to drive growth in 2024, supported by increased business investment and government projects, setting the stage for broader economic recovery.

9. Balance of Payments (Q1 2020 - Q4 2023):Maintaining a positive balance of payments, Indonesia, and consequently Bali, is thriving in international trade, exporting more goods and services than it imports, signaling economic robustness.

In conclusion, Bali's market update for 2023 reveals a story of resilience, adaptability, and growth. As the island continues to recover from global disruptions, the strategic shifts in tourism, economic activities, and global trends position Bali as a dynamic market to watch. Investors, businesses, and enthusiasts alike can find opportunities in Bali's evolving landscape as it emerges stronger on the path to prosperity.