West Java's Economy Grew by 3.74% in 2021

The Central Statistics Agency (BPS) reported that West Java's economy, based on the Gross Regional Domestic Product (GRDP) at current prices, reached Rp 2.21 quadrillion throughout 2021. Measured by GRDP at constant 2010 prices, West Java's economy grew by 3.74% in 2021 compared to the previous year.

This achievement is better than the previous year, which experienced a contraction of 2.52%. However, it is lower than the pre-Covid-19 pandemic growth rate of around 5%.

The increase in rice production in West Java by 2.36% to 9.2 million tons last year, the construction of the Jakarta-Bandung High-Speed Rail (KCJB) project, and the development of toll road access from Cipali to West Java International Airport supported the economic growth in the province led by Governor Ridwan Kamil.

Furthermore, the luxury goods sales tax (PPnBM) discount program, the construction of several toll road sections, and the increase in West Java's export value by 37.34% to US$ 33.86 billion also stimulated the West Java economy last year.

Here are the sectors that contributed the most to West Java's GRDP in 2021:

1. Manufacturing industry contributed 41.8%
2. Wholesale and retail trade 14.46%
3. Agriculture 8.54%
4. Construction 8.67%
5. Transportation and warehousing 4.99%

Meanwhile, the sectors that recorded the highest growth last year were:

1. Real Estate grew by 11.75%
2. Electricity and gas supply 11.66%
3. Water supply 9.63%
4. Corporate services 8.54%
5. Information and communication 7.3%.