West Java

West Java’s Economy

West Java’s economy is noted by a Gross Regional Domestic Product (GRDP) of Rp 1.6 trillion in 2023, which also saw the province experience an economic growth rate of 5 percent from the previous year. Based on this GRDP, the transportation and warehousing sector experienced the most significant growth, reaching Rp 83.7 billion, in line with increasing traffic mobility during the Christmas and New Year holidays. This was followed by the accommodation and food and drink sector, reaching Rp 46.7 billion, and the information and communications sector, which reached Rp 105 billion. Meanwhile, the manufacturing sector and the wholesale and retail trade sector, which also includes the field of car and motorbike reparation, experienced growth, reaching Rp 240.5 billion and Rp 211.5 billion, respectively.

Investment-wise, the West Java Provincial Government has set an investment target for 2024 amounting to Rp 250 trillion, reflecting on the investment realization in 2023, which was achieved at around Rp 210.6 trillion despite the target being Rp 188.03 trillion. The government will be encouraging an increase in investment in four sectors: infrastructure, technology, tourism, and downstream industries.

Furthermore, West Java has also established a Special Economic Zone (SEZ) called the Lido SEZ in Bogor through Government Regulation No. 69/2021 on the Establishment of Lido SEZ. With a total area reaching 1,040 hectares, the government plans to develop Lido SEZ into a tourist destination with various attractions, ranging from world-class theme parks, golf courses, film studios, and music and arts centers, to retail and dining facilities.