Bali's economy in the third quarter of 2023, measured based on Gross Regional Domestic Product (GRDP) at current prices (ADHB), was recorded at IDR 69.63 trillion or if measured at constant prices (ADHK 2010=100), Bali's GRDP was recorded at IDR 40 .21 trillion.
Bali's economy during the third quarter of 2023 grew by 0.30 percent compared to the achievements in the second quarter of 2023 (q-to-q). Judging from the production side, the highest growth was recorded by the Water Supply, Waste Management, Waste and Recycling Business Field at 7.49 percent. Meanwhile, in terms of expenditure, the Foreign Export Component grew by 10.48 percent.
When compared with the same period the previous year (y-on-y), Bali's economy in the third quarter of 2023 grew by 5.35 percent. Examined from the production side, the highest growth was recorded in the Transportation and Warehousing Business Field at 27.52 percent. Meanwhile, in terms of expenditure, the Foreign Export Component was able to grow by 46.49 percent.
If the growth from quarter I-2023 to quarter III-2023 is accumulated, then the Bali economy in quarter III-2023 recorded growth of 5.66 percent (c-to-c).
Bali's economic structure in terms of production, in the third quarter of 2023 is still dominated by the Accommodation and Food and Drink Providing Business Field which contributes 20.37 percent. Meanwhile, in terms of expenditure, the largest contribution was recorded in the Household Consumption Component, namely 52.26 percent.
