The total economy of Bali in the first quarter of 2022 as measured by GRDP (Gross Regional Domestic Product) at current prices (ADHB) was recorded at Rp 55.24 trillion. Or if measured on the basis of constant prices (ADHK) in 2010, Bali's GRDP was recorded at Rp 35.33 trillion.
With this amount, the Bali economy in the first quarter of 2022 recorded a negative growth (contraction) of 4.27 percent compared to the achievement of the fourth quarter of 2021 (q-to-q). In terms of production, the deepest contraction was recorded in Category O (Government Administration, Defense and Mandatory Social Security) business fields of 27.44 percent. Meanwhile, on the expenditure side, the deepest contraction was recorded in the Government's Final Consumption Expenditure Component, which was minus 58.90 percent.
Meanwhile, when compared to the same period the previous year (y-on-y), Bali's economy in the first quarter of 2022 grew by 1.46 percent. In terms of production, the highest growth was recorded in Category C business field (Processing Industry) of 16.21 percent. Meanwhile, in terms of expenditure, the highest growth was recorded in the Foreign Export Component, which was 79.78 percent.
The economic structure of Bali in terms of production, in the first quarter of 2022 was still dominated by Category I (Provision of Accommodation and Food and Drink) which recorded a contribution of 17.18 percent. Meanwhile, in terms of expenditure, the largest contribution was recorded in the Household Consumption Component, namely 57.11 percent.
