Bali's Economy Contracts by 1.14% Due to COVID-19
- A Small Font
- A Medium Font
- A Bigger Font
Bali's regional gross domestic product (RGDP) in the first quarter of 2020 recorded negative growth of -1.14% (year-on-year/yoy). This growth decreased drastically from 5.51% (yoy) in the fourth quarter of 2019 and 5.55% in the first quarter of 2019. A report from the Bali Provincial Statistics Agency (BPS) explains that this decline is suspected to be the impact of the corona virus (Covid-19) pandemic.
This virus outbreak affected Bali's economic performance, including tourism, which is the province's main contributor. The business sector closely related to tourism recorded the highest decline, namely accommodation and food service at -9.11% (yoy). Meanwhile, from the expenditure side, exports were down -7.78% (yoy), investment -0.48% (yoy), and non-profit institutional consumption was up 0.07%.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data