West Java's Economy Grew by 3.43% in the Third Quarter of 2021

West Java's economy, based on current prices, reached Rp 555.06 trillion in the third quarter of 2021, according to its Regional Gross Domestic Product (PDRB). Meanwhile, based on constant 2010 prices, the economy in Tanah Pasundan grew by 3.43% to Rp 377.54 trillion in Q3 2021 compared to Q3 2020 (year-on-year/yoy).

West Java's economic growth, from the perspective of business sectors, was supported by the manufacturing industry and wholesale and retail trade. The manufacturing industry grew by 5.73% (yoy), and the wholesale and retail trade sector grew by 3.17% (yoy) in the July-September 2021 period.

Meanwhile, household consumption, gross fixed capital formation (PMTB), and exports supported West Java's growth from the expenditure side. Specifically, household consumption grew by 0.04% (yoy), gross fixed capital formation (PMTB) by 8.25% (yoy), and exports by 23.32% (yoy).

West Java's economy experienced a recession during the Covid-19 pandemic. The province's PDRB contracted for four consecutive quarters, from Q2 2020 to Q1 2021.

At the beginning of the pandemic, in Q2 2020, the PDRB of the province led by Governor Ridwan Kamil contracted by 5.91% (yoy). However, in Q2 2021, West Java's economy recorded growth of 6.17% (yoy).