West Java's Economy Grew 5.45% in 2022: These are the Supporting Sectors

Quoting data from the Central Statistics Agency (BPS), West Java's economic value based on the Gross Regional Domestic Product (GRDP) at Constant Prices (ADHK) in 2022 reached Rp1,589 trillion, or almost Rp1.6 quadrillion.

GRDP is the sum of the added value of goods and services produced by all business units in a specific region.

The constant price GRDP shows the added value of products based on the 2010 price benchmark as its calculation basis. This constant price GRDP is used to determine economic growth from year to year.

Using this calculation method, in 2022 the West Java Provincial economy grew by 5.45% compared to the previous year. This is the highest growth rate since 2019, as shown in the graph above.

Based on the business sector, the sector that contributed the most to West Java's economy in 2022 was the manufacturing industry. Meanwhile, from the expenditure side, the main support is household consumption.

Here is a breakdown of the West Java Province's constant price GRDP value in 2022 by business sector, ordered from largest to smallest:

1. Manufacturing Industry: Rp683.42 trillion
2. Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles: Rp230.53 trillion
3. Construction: Rp126.18 trillion
4. Agriculture, Forestry and Fisheries: Rp113.19 trillion
5. Information and Communication: Rp97.48 trillion
6. Transportation and Warehousing: Rp75.52 trillion
7. Education Services: Rp46.24 trillion
8. Accommodation and Food Service Activities: Rp42.97 trillion
9. Financial and Insurance Services: Rp38.74 trillion
10. Other Services: Rp35.56 trillion
11. Government Administration, Defense and Compulsory Social Security: Rp25.71 trillion
12. Mining and Quarrying: Rp23.88 trillion
13. Real Estate: Rp22.99 trillion
14. Health and Social Activities: Rp13.4 trillion
15. Corporate Services: Rp6.85 trillion
16. Electricity and Gas Supply: Rp5.84 trillion
17. Water Supply, Waste Management, Waste and Recycling: Rp1.46 trillion

Next, this is the value of the West Java Province's constant price GRDP in 2022 based on expenditure components, ordered from largest to smallest:

1. Household Consumption Expenditure: Rp948.33 trillion
2. Export of Goods and Services: Rp756.91 trillion
3. Gross Fixed Capital Formation: Rp359 trillion
4. Government Consumption Expenditure: Rp71.63 trillion
5. Consumption Expenditure of Non-Profit Institutions Serving Households (LNPRT): Rp9.43 trillion
6. Change in Inventories: Rp1.39 trillion
7. Less Import of Goods and Services: -Rp556.71 trillion