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Jakarta’s Economic Growth Quarter III-2024

Release Date	:	November 5, 2024
File Size	:	5.91 MB

Abstract

In the third quarter of 2024 (Q3-2024), Jakarta’s Gross Regional Domestic Product (GRDP) reached IDR 920.33 trillion at current prices and IDR 536.59 trillion at constant 2010 prices.
Compared to the third quarter of 2023 (Q3-2023), Jakarta’s economy in Q3-2024 grew by 4.93 percent (y-on-y). Based on industry, the highest growth was attained by the Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycle at 7.99 percent. Based on the expenditure component, Export of Goods and Services experienced the highest growth of 13.40 percent.
Compared to the previous quarter (Q2-2024), Jakarta’s economy in Q3-2024 grew by 0.23 percent (q-to-q). Based on industry, the highest growth was achieved by Construction at 3.61 percent. Based on the expenditure component, Export of Goods and Services obtained the highest growth of 10.78 percent.
Jakarta’s economic structure in Q3-2024 was dominated by the Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycle industry with an 18.22 percent contribution to the total economy. Meanwhile, from the expenditure side, the most significant contributor was the Household Final Consumption Expenditure (HFCE) component, at 62.83 percent of the total economy.

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