Bali's economy in the third quarter of 2024, measured based on Gross Regional Domestic Product (GRDP) at current prices (ADHB), was recorded at IDR 75.72 trillion and at constant prices (ADHK 2010=100) at IDR 42.40 trillion.
Bali's economy during the third quarter of 2024 grew by 0.39 percent compared to the second quarter of 2024 (q-to-q). Judging from the production side, the highest growth was recorded by the Accommodation and Food and Drink Provision Business Field at 4.63 percent. Meanwhile, in terms of expenditure, the Foreign Export Component grew by 12.22 percent.
When compared with the same period the previous year (y-on-y), Bali's economy in the third quarter of 2024 grew by 5.43 percent. Examined from the production side, the highest growth was recorded in the Financial Services and Insurance Business Field at 16.11 percent. Meanwhile, in terms of expenditure, the Expenditure Component of Non-Profit Institutions Serving Households (PK-LNPRT) grew by 14.53 percent.
If the growth from quarter I-2024 to quarter III-2024 is accumulated, Bali's economy will grow by 5.58 percent (c-to-c).
Bali's economic structure in terms of production, in the third quarter of 2024 is still dominated by the Accommodation and Food and Drink Providing Business Field which contributes 22.08 percent. Meanwhile, in terms of expenditure, the largest contribution was recorded in the Household Consumption Component, namely 52.17 percent.
