East Java's Economy Grew by 3.57% Throughout 2021

The Central Statistics Agency (BPS) reports that East Java's economy, based on the current price Gross Regional Domestic Product (GRDP), reached Rp2.45 quadrillion in 2021.

Measured by the 2010 constant price GRDP, East Java's economy grew by 3.57% to Rp1.67 quadrillion in 2021 compared to the previous year.

This economic growth achievement in the province led by Governor Khofifah Indar Parawansa is higher than in 2020, which experienced a contraction of 2.33%.

However, East Java's economic achievement in 2021 remains lower than before the Covid-19 pandemic.

(See also: Jakarta's GRDP is the Largest in Indonesia in 2021)

Supporting Sectors of East Java's Economy

In terms of business sectors, the manufacturing industry remains the largest contributor to East Java's economy, with a contribution of 30.72% in 2021. This is followed by the wholesale and retail trade sector at 18.46%, and the agriculture sector at 11.5%.

The sector that recorded the highest growth last year was wholesale and retail trade, reaching 7.83%. This was followed by the electricity and gas supply sector, growing by 5.82%, and other service sectors growing by 5.78%.

From the expenditure side, household consumption remains the main driver of East Java's economy. Household expenditure contributed 59.29% to East Java's GRDP last year. This is followed by gross fixed capital formation (GFCF) at 27.16%.

Household expenditure recorded the highest growth, at 2.69% in 2021. This was followed by household non-profit institution consumption expenditure, which grew by 2.06%, and GFCF, which grew by 1.29%.