PORTALJABAR, BANDUNG CITY - The West Java economy in the second quarter of 2024 is still growing positively and solidly.

The West Java Central Statistics Agency (BPS) said, the West Java economy in the second quarter of 2024 grew 4.95 percent (Y-on-Y) or grew 2.10 percent (Q-to-Q).

Head of West Java BPS Màrsudijono said, the West Java economy based on the amount of Gross Regional Domestic Product (GRDP) at current prices in the second quarter of 2024 reached Rp 706.48 trillion and at constant 2010 prices reached Rp 436.95 trillion.

"This means that the West Java economy in the second quarter of 2024 was still positive and solid," he said Monday (5/8/2024).

In terms of production, the Transportation and Warehousing Business Field experienced the highest growth of 14.13 percent. From the expenditure side, the Gross Fixed Capital Formation (PMTB) component experienced the highest growth of 6.13 percent.

The source of growth (SOG) on a y-on-y basis in terms of business fields, with the largest positive share is the Manufacturing Industry Business Field, which amounted to 1.20 percent.

In terms of expenditure, the largest positive contribution to growth was the Household Consumption Expenditure component of 3.05 percent.

"West Java's economic growth rate is the second highest in Java after East Java. Contributing 22.54 percent to the national GRDP," he said.

Marsudijono also stated that investment in West Java (PMDN and PMA) in the second quarter of 2024 reached Rp 63.7 trillion or increased by 18.62 percent (y-on-y). (Guh)

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