PORTALJABAR, BANDUNG CITY - West Java's economy in the second quarter of 2024 will still grow positively and solidly.

The West Java Central Statistics Agency (BPS) stated that 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, Marsudijono, said that West Java's economy based on the Gross Regional Domestic Product (GRDP) at current prices in the second quarter of 2024 reached IDR 706.48 trillion and at constant prices in 2010 it reached IDR 436.95 trillion.

"This means that the West Java economy in the second quarter of 2024 is 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. In terms of expenditure, the Gross Fixed Capital Formation (PMTB) component experienced the highest growth of 6.13 percent.

The source of the growth rate (Source of Growth/SOG) (y-on-y) in terms of business fields, with the largest positive contribution is the Processing Industry Business Field, namely 1.20 percent.

As for the expenditure side, the largest positive contribution to growth is the Household Consumption Expenditure component of 3.05 percent

"West Java's economic growth rate is the second highest on the island of Java after East Java. It contributes 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 IDR 63.7 trillion or an increase of 18.62 percent (y-on-y). (Guh)