Bali Economic Growth in Quarter III – 2020

Release Date	:	November 5, 2020
File Size	:	1.44 MB

Abstract

In the midst of the COVID-19 pandemic, GRDP is still calculated using the same method, by making several adjustments in the way data is collected. Even though it is not easier than normal conditions, efforts are made to ensure that all the statistical principles underlying the data collection process are fulfilled to maintain the quality of the data obtained.

The total economy of Bali in the third quarter of 2020 as measured by the GRDP (Gross Regional Domestic Product) at the current price (ADHB) was recorded at IDR 55.37 trillion. Or if measured on the basis of constant prices (ADHK) in 2010, the GRDP of Bali was recorded at IDR 36.44 trillion.

With these achievements, the Balinese economy in the third quarter of 2020 recorded a growth of 1.66 percent when compared to the previous quarter (q-to-q). This achievement reflects the Balinese economy which is slowly pulsing again amidst the pressure of the COVID-19 pandemic.

Meanwhile, when compared to the same period the previous year (y-on-y), the Balinese economy in the third quarter of 2020 recorded negative growth of -12.28 percent.

From the production side, the economic structure of Bali in the third quarter of 2020 was still dominated by Category I (Provision of Accommodation and Food and Drink) which recorded a contribution of 17.46 percent. Meanwhile, from the expenditure side, the largest contribution was recorded in the Household Consumption Component, namely 54.06 percent.

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Bali Economic Growth in Quarter III – 2020