The Central Statistics Agency (BPS) noted that the economy of Central Java in the fourth quarter of 2021 grew 5.42 percent, an increase compared to the previous quarter which was 2.73 percent. Head of Bank Indonesia Representative for Central Java Province, Rahmat Dwisaputra, said that from the expenditure side, the largest source of Central Java's economic growth was investment, with a share of GRDP of 2.14 percent and growth of 7.12 percent. "The investment performance is driven by the acceleration of the development of national strategic projects, including the Semarang-Demak toll road, the Jogja-Bawen toll road, the Solo-Jogja toll road, and the Batang industrial area.

In the private sector, investment is made to meet the increasing domestic and global demand," said Rahmat, Tuesday (15/2/2022).

explained that the increase in orders was accommodated by increasing production capacity and building new factories/buildings. The results of the Business Activity Survey (SKDU) show that the utilization capacity of business actors in Central Java increased from 75.34 percent in the third quarter of 2021 to 77.17 percent in the fourth quarter of 2021.

The increase in GRDP was also driven by the performance of Central Java 's foreign exports which grew by 55.43 percent . This is in line with the increase in Central Java's non-oil and gas exports which grew by 44.56 percent in the fourth quarter of 2021, higher and 32.75 percent in the third quarter of 2021, mainly driven by exports of textile and textile products (TPT), wood and furniture. , as well as footwear.

"This is driven by increased demand from major trading partner countries, namely the United States, Japan and Europe, as well as the diversion of orders from other producing countries such as Vietnam due to restrictions on mobility in these countries," he said.

Household consumption, which has the largest share of Central Java's economy, grew by 2.91 percent, higher than the previous quarter's 1.75 percent. Household consumption began to improve in line with the easing of the PPKM policy and the celebration of Christmas and New Year (Nataru).

Meanwhile, he continued, in terms of the business field (LU), the biggest source of growth for the fourth quarter of 2021 GRDP comes from the Manufacturing Industry Industry with a share of 2.02 percent of GRDP and 6.00 percent growth. This was driven by improving global and domestic demand.

"The relocation of the footwear factory to Central Java has further increased the production of the processing industry in Central Java. The utilization of the Operational Permit and the Mobility of Industrial Activities (IOMKI) for the essential export-oriented and domestic and labor-intensive sectors is able to maintain the productivity of the industrial sector," he explained.

In line with that, the performance of the trade foreign exchange also grew positively by 5.52 percent. Apart from being driven by the easing of PPKM and increasing demand in the Nataru period, this increase was also driven by government incentives in the form of relaxation of PPnBM for motor vehicles and VAT which had an impact on improving sales performance of motor vehicles and property.