THE IMPACT OF NATURAL DISASTER ON ECONOMY

One of the provinces in Indonesia that has a high level of disaster vulnerability is Nusa Tenggara Barat (NTB). The series of earthquakes in July-August 2018 had caused direct losses in the form of casualties and physical damage to infrastructures such as houses, roads, bridges and production facilities. Disasters also caused indirect impacts that can be measured through changes in macroeconomic indicators such as economic growth, foreign tourist visits, the number of passengers on land and air transportation, the occupancy rates of a star hotel and non-star hotel rooms, export-import, unemployment, and inflation. Through literature review and descriptive analysis of official statistical data produced by the Indonesian Statistics Bureau (BPS), it was found that the response and sensitivity of these indicators were different from the shock of the earthquake. In general, almost all of these indicators show negative changes after the earthquake, except inflation. This reflects that earthquake natural disasters have a negative impact on the economy in NTB.