Jakarta's Economy Contracted by 2.36% in 2020 Due to the COVID-19 Pandemic

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Dwi Hadya Jayani 08/02/2021 15:43 WIB
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Jakarta is among the 10 provinces most affected by the Covid-19 pandemic. Its economy contracted by 2.36% in 2020, a significant decrease compared to the previous year which recorded positive growth of 5.82%. The Covid-19 pandemic, which began in mid-March, caused a contraction in domestic aggregate demand.

Increased government spending to mitigate the impact of Covid-19 has not been able to boost household consumption. During this period, Jakarta's household consumption still contracted by 2.08%.

Meanwhile, in terms of business sectors, the pandemic's impact was felt across various sectors, especially tourism. The hardest-hit sector was accommodation and food services, which experienced the deepest contraction at -16.21%.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Market Data

Macro update by
07 August 2026
Macro
Exchange Rates
Commodities
Employment
Name Value %
Inflasi yoy (Jul) 2,88% -0.46
Inflasi mom (Jul) -0,14% -0.58
Economic growth 5,11% +0.08
Pertumbuhan ekonomi (yoy) (Q1) 5,61% +4.08
Persentase kemiskinan (Mar) 8,07% -0.18
Gini rasio (Sem2) 0,38 0.00
Nilai Tukar USDIDR 17.916 +0.01
PDB ADHK (Q1) 3.447,70 -0.77
Neraca perdagangan (Jun) -450,50 -72.02
Ekspor Migas (Jun) 1,07 +40.52
Impor Migas (Jun) 4,56 +0.96
Ekspor (Jun) 25,46 +9.72
Impor (Jun) 25,91 +4.41
Kunjungan Wisman (Mei) 1,38 +10.69
NTP (Jul) 116,16 +1.32

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