The total economy of Bali in 2021 as measured by GRDP (Gross Regional Domestic Product) at current prices (ADHB) was recorded at Rp. 219.80 trillion. Or if measured on the basis of constant prices (ADHK) in 2010, Bali's GRDP was recorded at Rp. 143.87 trillion.
With this amount, Bali's economy in the fourth quarter of 2021 recorded a growth of 4.52 percent compared to the results of the third quarter of 2021 (q-to-q). In terms of production, the highest growth was recorded in Category C (Processing Industry) at 17.71 percent. Meanwhile, in terms of expenditure, the highest growth was recorded in the Foreign Export Component of 27.72 percent.
Meanwhile, when compared to the same period the previous year (y-on-y), Bali's economy in the fourth quarter of 2021 recorded a growth of 0.51 percent. In terms of production, the highest growth was recorded in Category D (Electricity and Gas Procurement) business fields of 10.62 percent. Meanwhile, in terms of expenditure, the highest growth was recorded in the Foreign Export Component of 20.48 percent.
If the accumulated growth in the first quarter of 2021 to the fourth quarter of 2021 is accumulated, the Bali economy in 2021 will still grow negatively or contract as much as 2.47 percent (c-to-c).
The economic structure of Bali in terms of production, in 2021 it will still be dominated by Category I (Provision of Accommodation and Food and Drink) which recorded a contribution of 16.66 percent. Meanwhile, in terms of expenditure, the largest contribution was recorded in the Household Consumption Component, which was 55.55 percent.
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