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Baliís Continues to Bloom and Boom

Bali Economy Beat National Average by Growing 6.22% in Q3 2017

Bali News: Bali, Economy Q3 2017, BPS, Adi Nugroho
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The Balinese economy grew by 6.22% in Q3-2017 a performance substantially above par with national economic growth rate of 5.06% for the same period.

Quoted by NusaBali, the head of the Bali Provincial Statistic Agency (BPS-Bali), Adi Nugroho, said that although operating above the national average, the 6.22% growth rate for Q3-2017, lagged behind the same quarter in 2016 when Bali achieved a 6.61% rate of growth.

Nugroho said Bali’s strongest performing sectors were accommodation, and food and beverage that grew at 10.71% in Q3. In terms of expenditures, gross fixed capital formation and household consumption grew in Q3 by a respective 3.82% and 3.77%.

When Q3 2017 is compared to Q3 2016, Bali grew 3.24% quarter-on-quarter.

Meanwhile, transportation and logistics grew 6.38% in Q3.

The BPS-Bali chief said government expenditures grew 8.59% for the quarter and expenditures by non-profit organizations grew 4.71%.

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