Bali`s economy grew by 6.24 percent in 2016
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Balis economy registered a growth of 6.24 percent in 2016, a 0.20 percent increase as compared to 6.04 percent recorded in the previous year.
The increase was sustained by a high growth of nine percent registered in the health services and social activities sector.
“This was followed by an 8.91 percent growth in the education sector as well as a rise of 6.04 percent in the information and communication sector,” Head of the Bali Bureau for Statistics Adi Nugroho stated in Denpasar, Bali, on Monday.
He further noted that each of the three sectors contributed significantly to the islands economic growth.
Meanwhile, the highest expenditure came from household expenses, recorded at 48.30 percent in 2016, indicating a 6.69 percent increase as compared to the previous year.
Balis economy, calculated on the basis of the gross domestic product (GDP), had reached Rp195.38 trillion in 2016 based on the constant price of Rp137.19 trillion and regional GDP recorded at Rp46.52 million.
Nugroho added that looking at the islands GDP economic structure based on the work fields, it is dominated by three main activities comprising food and beverage provision, at 22.82 percent; agriculture, forestry, and fishery, at 14.74 percent; and transportation and storage, at 9.48 percent.
The bureaus head stated that Balis economic growth in the fourth quarter of 2016 was noted at 5.47 percent as compared to the same period in 2015 (year-on-year).
Growth was recorded in almost all sectors except for electricity and gas provision, which experienced a decrease of 1.63 percent.
The highest growth came from the information and communication sector, at 9.15 percent; followed by finance services, at 9.08 percent; and insurance services, at 8.92 percent.
Balis economic structure in the fourth quarter of 2016 was still dominated by three sectors comprising accommodation and food services, with 22.52 percent; agriculture, forestry, and fishery, with 15.07 percent; and transportation and storage, with 9.25 percent.
Compared to the same period in 2015, all three sectors indicated an increase of between three and six percent.
The main growth contributors were agriculture, forestry, and fishery, with 2.92 percent, and construction, with 1.69 percent, Nugroho noted.
Questions & Answers
Q.Which sectors sustained Bali's economic growth in 2016?
Which sectors sustained Bali's economic growth in 2016?
The health services and social activities sector saw a nine percent growth, followed by 8.91 percent in education. The information and communication sector also rose by 6.04 percent, contributing significantly to the island's economic expansion.
Q.What was the largest component of expenditure in Bali's economy during 2016?
What was the largest component of expenditure in Bali's economy during 2016?
Household expenses represented the highest expenditure in 2016, accounting for 48.30 percent. This figure also showed a 6.69 percent increase compared to the expenditure recorded in the previous year.
Q.What were the dominant activities within Bali's GDP economic structure based on work fields?
What were the dominant activities within Bali's GDP economic structure based on work fields?
The GDP economic structure was mainly dominated by food and beverage provision at 22.82 percent, agriculture, forestry, and fishery at 14.74 percent, and transportation and storage at 9.48 percent.
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