Investor Presentaiton
Jakarta's Economy is expected to remain strong in 2023
GRDP Growth
Household Consumption and Investment Growth
% yoy
7
6.20
6.17
6
5.89
5
4
3
2
1
%,yoy
8,00
Household Consumption
Investment
4.80-5.60
6,00
5.25
4,00
2,00
3.56
0,00
-2,00
-4,00
(1)
(2)
(3)
2017
-6,00
-2.39
-8,00
2018
2019
2020
2021
2022
2023-F
2017
2018
2019
2020
2021
2022
2023*
Source: Statistics Indonesia (BPS) *Forecast from Bank Indonesia
Source: Statistics Indonesia (BPS); *3rd quarter 2023
GDP
Gross Regional Domestic Product (GRDP) grew by 4.93% (yoy) in the third quarter of 2023, slightly lower than the
previous quarter (5.13%, yoy).
The high growth was supported by strong domestic demand performance. Household consumption increased,
driven by strong consumer confidence, and various MICE and events. Investment also grew strongly supported by
the continuation of various strategic projects. High economic growth was also reflected in the performance of
business fields, especially manufacturing, construction, information and communication, and financial services.
The economy is expected to remain high in 2023, projected in the 4,8-5,6% range. The growth is supported by
increasing mobility and major infrastructure projects.
Empowering Jakarta's Economy by Attracting More Global Investments to Strengthen Jakarta's Position as Global City
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