West Java Economy Quarter II-2024 Grows 4.95 Percent (Y-on-Y)
West Java Economy Quarter II-2024 Grows 2.10 Percent (Q-to-Q)
West Java Economy Quarter II-2024 Grows 4.94 Percent (C-to-C)
West Java's economy based on the size of the Gross Regional Domestic Product (GRDP) at current prices in the second quarter of 2024 reached IDR 706.48 trillion and at constant prices in 2010 it reached IDR 436.95 trillion.
West Java's economy in the second quarter of 2024 experienced growth of 2.10 percent (q-to-q) compared to the previous quarter.
In terms of production, the Agriculture, Forestry and Fisheries Business Field experienced the highest growth of 27.87 percent. Meanwhile, in terms of expenditure, the Government Consumption Expenditure Component (PK-P) experienced the highest growth of 26.63 percent.
West Java's economy in quarter II-2024 versus quarter II-2023 experienced growth of 4.95 percent (y-on-y). In terms of production, the Transportation and Warehousing Business Field experienced the highest growth of 14.13 percent. In terms of expenditure, the Gross Fixed Capital Formation (PMTB) component experienced the highest growth of 6.13 percent.
West Java's economy in semester I-2024 towards semester I-2023 experienced growth of 4.94 percent (c-to-c). In terms of production, the largest growth occurred in the Transportation and Warehousing Business Field at 14.27 percent. Meanwhile, in terms of expenditure, the highest growth occurred in the Consumption Expenditure Component of Non-Profit Institutions Serving Households (PKLNPRT) at 11.95 percent.
The source of the growth rate (Source of Growth/SOG) (y-on-y) in terms of business fields, with the largest positive contribution is the Processing Industry Business Field, namely 1.20 percent. As for the expenditure side, the largest positive contribution to growth was the Household Consumption Expenditure component of 3.05 percent.
