Wednesday, 05 February 2025 15:17

The Economic Condition of West Java in January 2025 is Relatively Stable

The Central Statistics Agency (BPS) reported that the economic condition of West Java in January 2025 was relatively stable, according to the official statistical release shared by BPS West Java on February 3rd, 2025. Regional Secretary Herman Suryatman noted that although the economy remained steady overall, some sectors showed declining trends that needed attention. He highlighted a decrease in inflation, which dropped to -0.68%, indicating a need for stability in price levels. Meanwhile, the terms of trade for farmers improved, with the index rising to 114.17, reflecting better bargaining power for farmers. However, tourism saw a dip in international arrivals, while domestic tourism and transportation, particularly passenger services, showed positive growth.


In terms of trade, BPS West Java's head, Darwis Sitorus, reported a trade surplus of USD 1.98 billion in December 2024, with exports reaching USD 3.15 billion and imports at USD 1.17 billion. Although the surplus decreased from November, it was still higher than the previous year. Exports dropped slightly by 1.96% from November, mainly due to a decline in non-oil and gas exports. However, compared to December 2023, exports increased by 9.56%, driven by a significant rise in non-oil and gas products.

Source:
https://jabarprov.go.id/berita/kondisi-ekonomi-jabar-januari-2025-relatif-stabil-17366 

 

 

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