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Jakarta Economy Continue to Rise in The Third Quarter of 2021

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Release Date	:	November 5, 2021
File Size	:	5.4 MB

Abstract

Jakarta’s economic recovery continued in the third quarter of 2021. Despite the Implementation of Community Activity Restrictions (PPKM), several activities continued to operate, especially the essential, critical, and export-oriented industries. Furthermore, the global economic recovery, along with the acceleration of the vaccination program, has escalated economic growth through an increase in global demand.

Compared to the second quarter of 2021 (q-to-q), Jakarta’s economy grew by 0.1 percent amid the implementation of PPKM. On the expenditure side, the growth was driven by increased exports performance and Gross Fixed Capital Formation (GFCF). Meanwhile, the escalation of Human Health and Social Work Activities, Manufacture, and Construction drove the supply growth.

Compared to the third quarter of 2020 (y-on-y), Jakarta’s economic growth went up to 2.43 percent. On the demand side, this growth was driven by Household Final Consumption Expenditure (HFCE), Government Final Consumption Expenditure (GFCE), and exports, particularly foreign exports. On the supply side, it was caused by the rise in Manufacture, and Transportation and Storage.

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