Bali's Economy Grew by Only 0.51% in the Fourth Quarter of 2021

Bali's economic growth only reached 0.51% year-on-year (yoy) in Q4 2021. Five sectors contributed to this low economic growth in Bali during the last quarter.

Transportation and warehousing contracted by 10.73% (yoy). Furthermore, the main driver of Bali's economic growth, accommodation and food services, contracted by 5.92% (yoy). This is despite the fact that the accommodation and food services sector contributed 16.49% to Bali's total regional gross domestic product (PDRB) in Q4 2021.

The next lowest growth came from the financial and insurance services sector, which only grew by -2% (yoy). Company services grew by only -1.08% (yoy). Finally, other services contracted by 0.18% (yoy).

Meanwhile, the three sectors with the highest growth were electricity and gas supply, manufacturing, and service activities. The electricity and gas supply sector grew by 10.62% (yoy).

This was followed by the manufacturing industry, which grew by 8.68% (yoy). Then, health and social services grew by 7% (yoy).

Nevertheless, Bali's economy surged compared to the previous quarter. Previously, Bali's economy experienced a contraction. Bali's economy grew by -2.93% (yoy) in Q3 2021. Compared to the same quarter of the previous year, it grew by -12.36% (yoy).