Wednesday, 07 May 2025 11:42

West Java's Economy Grows 4.98% in Q1 2025, Surpassing National Growth

West Java's economy grew by 4.98% year-on-year (YoY) in Q1 2025, surpassing the national growth rate of 4.87%. The highest sources of growth were agriculture (1.83%), trade (0.90%), transportation and warehousing (0.56%), and information and communication (0.56%). Regarding expenditure, household consumption contributed 2.99%, followed by Gross Fixed Capital Formation (PMTB) at 0.74% and government consumption at 0.04%. Agriculture, trade, and transportation were the largest growth contributors with 31.89%, 6.23%, and 10.68% respectively. Factors driving agricultural growth included higher rice and corn production, while trade growth was spurred by increased retail sales during Ramadan.


In terms of quarter-on-quarter (QoQ) performance, West Java's economy grew by 0.28% compared to Q4 2024. Agriculture saw the highest growth at 7.25%, followed by financial services and insurance at 6.35%. However, sectors such as industry, construction, and accommodation and food services faced declines. Household consumption grew 0.32% QoQ, while exports surged by 32.26%. On the employment front, West Java's workforce increased by 0.90 million people to 24.99 million in February 2025, with a 1.57% rise in the Labor Force Participation Rate (LFPR). The unemployment rate decreased to 6.74%. The trade sector had the highest employment absorption at 23.10%, followed by manufacturing (18.12%) and agriculture (15.57%).

Source:
https://jabarprov.go.id/berita/ekonomi-jawa-barat-kuartal-i-2025-tumbuh-4-98-persen-melebihi-angka-nasional-18815

 

 

platinum sponsor panel

piaggio logovfs global banner

institution partner panel2 

embassy of italy logoinstituto italianoita logo

business partners panel2

emabssy indonesia rome  kadin indonesia logo  eibn logo  iccs ibai logo  aidc logo  appmi logo