Province

Banten

Overview Economy

Banten

Banten is a province located in the western region of the island of Java, with Serang as its capital city. Previously, Banten was part of the West Java province, but it became a province of its own following the promulgation of Law No. 23/2000.

The province’s geostrategic position provides it with easy access to resources, markets, and services, making Banten a vital buffer zone for the national capital, Jakarta. Jakarta serves as the heart of the country’s government and economy and Banten’s proximity enhances the efficiency and effectiveness of various services and investment-related matters associated with the capital.

As a crucial link between the islands of Java and Sumatra, where most of Indonesia’s population is concentrated, Banten covers an area of 9,662.9 square kilometers. As of 2023, Banten has a population of 12.3 million people, with the majority residing in Tangerang regency. Various ethnic groups call Banten home, such as the Bantenese Sundanese, who inhabit the southern part of Serang, Pandeglang, Lebak, and most parts of the Tangerang regency. Additionally, the Baduy people reside in the province’s Kendeng and Leuwidamar Mountains in Lebak. Other ethnic groups in Banten include the Sundanese Priangan, Javanese, Betawi, Chinese, Batak, Minangkabau, and Malay, as well as people from Lampung, South Sumatra, Cirebon, and various other regions.

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Banten’s economy and leading sectors

According to data by the Banten Central Statistics Agency (BPS), Banten’s economy in 2023, calculated based on the Gross Regional Domestic Product (GDRP) at constant prices, reached Rp 507 trillion, marking a 4.81 percent growth from the previous year.

The top three leading sectors driving the province’s economy are the transportation and warehousing sector, experiencing a significant growth of 12.44 percent, followed by other service activities with a 9.38 percent growth rate, and the provision of accommodation, food, and drinks with an 8.43 percent growth. Meanwhile, regarding expenditure, the province saw its total net export component experience the highest growth in 2023, reaching 19.35 percent.

The government has developed a Special Economic Zone (SEZ) in Pandeglang, Banten, called KEK Tanjung Lesung. Inaugurated in February 2015, it is the first tourism-oriented SEZ and covers an area of 1,500 hectares. Located 2-3 hours away from Jakarta, KEK Tanjung Lesung has diverse tourism potential and is close to other tourist attractions in the province, such as Banten’s old town area, the Badui and Debus culture, Ujung Kulon National Park, and Mount Krakatau. The KEK is projected to attract investments of Rp 92.4 trillion and create job opportunities for 85,000 workers by 2025.

Recently, the Banten provincial government has offered various investment opportunities aimed at boosting the realization of investments targeted by the central government, amounting to Rp 82.97 trillion. The opportunities include the development of the Banten Nature Reserve Park (Tahura Banten), Banten Sports Centre, and the Sindangheula and Karian Dams.

So far, Banten’s investment realization during the 2023 period has seen significant increases. Data from the Investment Ministry shows that the province has successfully attracted investments worth Rp 103.855 trillion, representing a 29.46 percent increase compared to the realization in 2022, which amounted to Rp 80.22 trillion.

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Latest News

March 5, 2025

The Banten Province Investment and One-Stop Integrated Services Office (DPMPTSP) recorded investment to Banten rising by 7.71 percent year-on-year (yoy) to Rp105.62 trillion in 2024. The realized investment figure exceeded the Indonesian government's Rp97.79 trillion investment target for Banten by 107.98 percent.

This achievement has succeeded in bringing Banten to 5th place in terms of investment realization nationally after Central Sulawesi, West Java, East Java, and the Jakarta Special Capital Region (DKI).

DPMPTSP Banten Head Virgojanti said that the increase in investment realization has had a positive impact on job creation in the province. The Banten DPMPTSP revealed that jobs were created for 170,351 workers, consisting of 149,099 Indonesian workers and 21,252 foreign workers.

"Alhamdulillah, there have been many positive performances for 2024. We express our appreciation to all parties, both internal and external, [for this achievement]," she said at the release of Banten's investment realization for the fourth quarter [Q4] of 2024 at the Banten DPMPTSP Office in Serang City, Banten, on Feb. 5, 2025.

Virgojanti added that Banten's investment realization in 2024 was dominated by foreign investment, which reached Rp58.02 trillion or around 55 percent of the total investment realization. Meanwhile, domestic investment accounted for the remaining 45 percent or Rp47.6 trillion. However, foreign investment to the province contracted by 11.93 percent yoy, while domestic investment soared by 25.37 percent.

"I am grateful for domestic investment continuing to grow, meaning that our people still have the spirit to develop businesses in their respective regions. Hopefully, [Banten's investment] realization will continue to increase in 2025," she concluded.

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