9 Business Sectors in Bali That Experienced Negative Growth Throughout 2021

The Central Statistics Agency (BPS) reports that Bali's economy, measured by the Gross Regional Domestic Product (GRDP) at constant 2010 prices, contracted by 2.47% in 2021 compared to the previous year.

This contraction marks the second consecutive year of decline.

In 2020, Bali's GRDP also contracted by 9.33%. Strict social restrictions during the first year of the Covid-19 pandemic paralyzed the tourism sector, causing the "Island of Gods" GRDP to collapse.

Transportation and Warehousing Sector Records the Deepest Negative Growth

Of the 17 business sectors, 9 experienced negative growth throughout 2021.

The transportation and warehousing sector recorded the deepest negative growth, at 17.5%. This was followed by the accommodation and food service sector at 10.2%, the electricity and gas supply sector at 5.08%, and water supply and waste management at 3.96%.

Negative growth was also experienced by the financial and insurance services sector at 3.3%, the corporate services sector at 3.2%, other services at 2%, wholesale and retail trade at 1.25%, and construction at 0.45%.

Bali's Business Sectors with Positive Growth

In addition, 8 business sectors in Bali recorded positive growth throughout 2021.

The social health and social activity services sector grew by 5.73% in 2021 compared to the previous year. The information and communication sector grew by 2.74%, the government administration sector by 0.74%, and the education services sector by 0.68%.

Following these were the real estate sector with 0.49% growth, the agricultural sector with 0.26%, the manufacturing industry with 0.09%, and the mining and quarrying sector with 0.07% growth.

The 5 sectors that contributed the most to Bali's GRDP in 2021 are as follows:

1. Accommodation and food services: 16.66%
2. Agriculture: 15.71%
3. Construction: 11%
4. Wholesale and retail trade: 9.26%
5. Information and communication: 6.76%

(Also Read: Bali's Economy Again Contracts by 2.47% Throughout 2021)