Bali's economy in the third quarter of 2024 saw a robust growth of 5.43%, surpassing the 5.35% growth recorded in the same period of 2023. This positive performance highlights the resilience of the island's economy. Andy Setyo Biwado, Deputy Director of Bank Indonesia Bali Province, emphasized that the tourism sector remains a key pillar, contributing around 40% to the region's economy. In addition, household consumption continues to play a significant role in driving growth, with expectations that future investments will further strengthen this positive trajectory.
Alongside steady economic growth, Bali has successfully kept inflation under control at 2.34%, well below the national average. Andy assured that Bank Indonesia will continue working closely with various stakeholders to maintain inflation stability, particularly through efforts to manage prices during religious holidays to ensure supply and price consistency. On the digital front, Bali is seeing a significant rise in QRIS adoption, with a 9.12% increase in users in 2024, bringing the total to 1.06 million. Denpasar and Badung are leading in QRIS usage, and Bank Indonesia is focused on expanding adoption in other areas of Bali. With continued economic progress and growing digital engagement, Bali is well-positioned to maintain its economic stability and attract even more investment opportunities in the future.
