Local News wires, including Antara News and Tempo are reporting that Bank Indonesia (BI) have announced that Bali’s economy has grown by 8.09-percent in Q3/ 2022, Year-on-Year, boosted by the series of activities of the Indonesian G20 Presidency in Bali.
Trisno Nugroho, BI’s head for Bali representative office, said that “the high realization of Bali’s economic growth cannot be separated from preparations of public activities, such as G20 Summit and G20 side events,” report Tempo.
Statistics Indonesia (BPS) stated that Bali’s economy in Q3/ 2022 jumped significantly compared to the previous quarter at 3.05-percent, Year-on-Year. On the quartal-to-quartal basis, the growth was recorded at 0.6-percent.
If the growth in the first to third quarters of 2022 is accumulated, the regional economy in January-September 2022 grew by 4.19-percent, say Tempo.
“Other than supported by various activities ahead of the G20 Presidency, Bali’s economic growth is also driven by national and international meetings and rising tourism activities,” said Trisno.
The majority of Bali’s economic growth in Q3/ 2022 came from increased performance in tourism-related business fields, namely transportation, provision of accommodation and food and beverages, as well as wholesale and retail trade, following the continued easing of public mobility and travel restrictions.
Source: Tempo, Antara News