Tourism Inflow Contribution to Balance of Payment Down, Outflow up
September 20th, 2006
International Tourism contribution to Indonesias balance of payments this year is expected to decline to 2.7% in 2006 , down from 3.2% in 2005, which is caused by a number of natural disasters suffered by Indonesia in the past months, and the threat of bird flu, said Jeffrey Kairupan, Bureau Chief of the Economic Statistics Directorate of Bank Indonesia. On the other hand, travel outflow is estimated to increase to 2.4% from 2.3% last year, reports Bisnis Indonesia.
Jeffrey further explains that travel inflow comprises earnings from all expenditures made by visitors during their stay in Indonesia, whether for tourism, business or other personal purposes, comprising hotel accommodation, tours, souvenirs and transportation. Whereas, travel outflow includes total expenditures made by Indonesians traveling abroad for tourism purposes and haj pilgrimage to Mecca.
In 2005, real income from tourists to Indonesia totaled US$ 4.5 billion, while outbound Indonesians spent a total of US$ 3.5 billion in foreign currency overseas. Jeffrey Kairupan further explained that travel inflow contribution in the first quarter of 2006 was US$924 million and US$1.129 billion in the second quarter. And with expected contributions of US$ 1.307 billion and US$ 1.160 billion in the third and fourth quarter respectively, receipts from the tourism sector in 2006 could remain level at US$ 4.5 billion, reports Bisnis Indonesia.
source : www.budpar.go.id
Entry Filed under: Bali Tourism News
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