Monday, 17 June 2019 | 12:12 WIB

Tourism Sector Among Five Major Contributors of Foreign Exchange Income

Menpar Arief Yahya

JAKARTA, NETRALNEWS.COM – The development of tourism sector is quite significant as it sits at the top five contributors of foreign exchange income during the three years of Joko Widodo - Jusuf Kalla’s term.

Tourism is also able to be a contributor to gross domestic product (GDP) and labor, proving that Indonesia tourism is rapidly progressing both at home and abroad.

"Tourism ranked fourth among the national foreign exchange income contributors of 9.3 percent with the highest foreign exchange income growth of 13 percent. While the marketing costs were just 2 percent of the projected foreign exchange," said Tourism Minister Arief Yahya, Tuesday (10/17/2017).

On the other hand, tourism contributes 10 percent of national GDP and is the highest nominally in ASEAN. GDP growth of tourism is above the industry average with spending USD1 million or 170 percent GDP, the highest in the industry.

In addition, the tourism sector contributed 9.8 million jobs, or 8.4 percent. Employment grew 30 percent in five years with the creator of the cheapest job vacancy is USD5,000 per job.

The national tourism sector is now a new prima donna for national development. The contribution of foreign exchange and employment in this sector is very significant for the country's foreign exchange. In fact, it is estimated that by 2019 it will eat the foreign exchange earnings from the crude palm oil (CPO) industry.

Foreign exchange income from the tourism sector in 2016 was at USD13.568 billion, the second position after CPO of USD15.965 billion. In 2015, foreign exchange from the tourism sector amounted to USD12.225 billion or was in the fourth position under oil and gas of USD18.574 billion, CPO of USD16.427 billion, and coal of USD14.717 billion.

"In 2019, the tourism industry is projected to be the largest foreign exchange earner in Indonesia, which is USD24 billion, beyond the oil and gas, coal and palm oil sectors," he said.

Arief also targets in 2019, Indonesia's tourism to be the best in the region, even beyond ASEAN.