Bali Economic Growth Quarter I - 2019

The total economy of Bali in quarter I-2019 measured based on Gross Regional Domestic Product (GRDP) at current prices (ADHB) was recorded at Rp. 60.36 trillion and based on a constant price (ADHK) recorded at Rp. 39.08 trillion.

 

Bali's economy in quarter I-2019 if compared to quarter I-2018 (y-on-y) grew 5.94 percent or increased compared to the same period of the previous year which was 5.58 percent. The highest growth was recorded in business category C (processing industry) and category O (government administration, defense and social security mandatory) with the same amount of 9.74 percent. On the expenditure side, LNPRT Consumption and Government Consumption are listed as the first and second highest growth components with growth of 23.09 percent and 20.84 percent respectively.

 

In (q-to-q) or when compared to the previous quarter, Bali's economy in quarter I-2019 recorded a negative growth of -1.51 percent. In terms of business sector, the highest growth was achieved by category K (financial and insurance services) of 4.15 percent. Meanwhile from the expenditure side, the highest growth was achieved by the consumption of LNPRT with a growth of 12.56 percent.

 

The economic structure of Bali in the first quarter of 2019 is still dominated by business category I (providing accommodation and drinking food) with a contribution of 23.28 percent. While the largest contribution in quarter I-2019 in terms of expenditure components was the Export Component (49.88 percent) followed by household consumption expenditure (48.15 percent). Meanwhile, the contribution from the Import Component as a deduction component was recorded at 38.41 percent