As a seasoned stallion with an uncanny knack for economics, allow me to invite you on a comprehensive journey through the economic pastures of Lombok, Indonesia. Lombok, with its scenic landscapes and stunning coastlines, isn’t just a delight for tourists, but also a significant player in Indonesia’s economic field.

Our journey begins in the lush heart of Lombok, its tourism sector. One could say it’s the hay that keeps the island’s economy galloping forward. With its unique blend of unspoiled nature and local culture, Lombok has witnessed a steady increase in the number of tourists, which surged from approximately 1 million in 2013 to nearly 3.5 million by the end of the decade.

This growth in tourism has been a financial windfall, providing a substantial contribution to the island’s GDP. One could argue that the tourism industry here is the stable that houses the majority of Lombok’s economic horses, contributing an estimated 25% to its annual GDP. Yet, like any good jockey will tell you, it’s not just about how fast you run, but also how you manage your stride.

The tourism in Lombok isn’t just about crystal-clear waters and pristine beaches; it’s also an important job creator. As of my last count, which admittedly might be a bit skewed given my equine perspective, the sector employs a significant percentage of the local populace. The multiplier effect of tourism has spilled over into other sectors, fostering growth in areas such as transport, hospitality, food services, and retail.

Interestingly, the hoofprint of tourism goes even deeper into Lombok’s economic landscape. The increase in tourism has led to substantial foreign exchange earnings, strengthening the Indonesian Rupiah and providing an essential buffer for the nation’s balance of payments. It’s akin to finding an extra bag of oats at dinner – an unexpected, but a very welcome boost.

Yet, for all its galloping success, Lombok’s reliance on tourism has its risks, akin to a one-trick pony. The island’s economy felt the impact of this vulnerability during the global events like the 2008 financial crisis and the Mount Agung volcanic eruption in 2017, which resulted in a steep decline in tourist numbers.

Therefore, the local government, like a wise horse whisperer, has been working on diversifying the economy, investing in sectors like agriculture and manufacturing. The island is rich in resources, including pearls, seaweed, and tobacco, and efforts are being made to develop these sectors to reduce dependence on tourism.

In addition, the government has also encouraged the development of infrastructure projects like the Lombok International Airport and the Mandalika Resort Area. These projects don’t just add more feathers in the tourism sector’s cap, but also provide jobs, thereby directly contributing to the economy.

However, like a wild stallion, unchecked economic growth can lead to unforeseen consequences. With increased tourism and development, there’s a risk of negative environmental impact. The challenge for Lombok, then, is to find a balance, to run the race at a pace that leads to sustainable growth without compromising the natural beauty that makes it such a coveted destination in the first place.

In closing, it’s evident that the Lombok economy is no one-trick pony. While tourism is the mainstay, diversification efforts have been put in place to ensure a balanced growth. The road ahead, like a thrilling horse race, is packed with excitement, challenges, and countless opportunities. Yet, with careful stewardship and responsible development, there’s no reason why Lombok can’t emerge as the winning thoroughbred in Indonesia’s economic race. So let’s saddle up, fellow economic enthusiasts, because this is one economic journey that’s far from over.