Tuesday, 07 January 2025 03:27

Mayor of Batu City Explains Batu City's Economic Growth Rate in 2024

Batu City has made significant strides in 2024, demonstrating impressive growth across multiple sectors, particularly in its economic performance. The city's economic growth rate reached 6.19%, outperforming both East Java's 4.95% and the national average of 5.04%. This positive trend is largely driven by the dominance of MSMEs, which make up 47.43% of the local economy, along with stable growth in entertainment, tourism, and regional investments. Despite national economic slowdowns, Batu City's total investment value grew from IDR 1,160 trillion in 2023 to IDR 1,412 trillion in 2024, with significant contributions from both domestic and foreign investors.


In a meeting held to discuss Batu City's achievements and aspirations for 2025, Acting Mayor Dr. Aries Agung Paewai expressed optimism for the city's future. With solid economic growth and a stable investment climate, Batu is well-positioned to continue its development as a prosperous tourism city. The city's economic success, driven by MSMEs and strong regional investments, provides a strong foundation for facing future challenges and furthering its growth in the coming years.

Source:
https://www.sonora.id/read/424200703/investasi-di-kota-batu-mencapai-14-triliun-pj-wali-kota-batu-paparkan-laju-pertumbuhan-ekonomi-kota-batu-tahun-2024

 

 

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