Impact of Economic Growth in Bali and Indonesia during Covid-19 Pandemic

Abstract

The objectives of this research are to analyze the impact of the Covid-19 Pandemic on the structure and economic growth of Bali and analyzing the impact of Covid-19 on the Indonesian economy. The impact of the COVID-19 pandemic is not only on public health but also has an impact on economic well-being state to the community economy. The Covid-19 pandemic, which started in 2020, significantly reduced the number of foreign visitors to Bali and Indonesia. Tourism-related industries like various service industries, agriculture, and small and medium-sized businesses saw a decline in demand, which was followed by a reduction in added value. Analysis of the Covid-19 pandemic's effects on Bali's and Indonesia's economies is the study's main goal.  The research locations are in the Provinces of Bali and Indonesia, using secondary data source from BPS Bali and BPS RI. The data analysis method used descriptive statistics, comparison methods before and after the Covid-19 pandemic, and qualitative descriptive. The results of the research was found that impact of the COVID-19 pandemic in 2020 causing the Balinese economy to contract as deep as -9.31% compared to Bali economic growth 2019. The impact of the Covid-19 pandemic on the Indonesian economy, decreased Indonesia's economic growth in 2020 only contracted -2.07% compared to 2019. The novel finding of this study is that while both Bali and Indonesia's economic growth have been negatively impacted by the Covid-19 pandemic, Bali's economic growth has been negatively impacted more severely.