GRDP 2023: Regional Economic Growth Remains Solid in 2023

Regional economy remained solid throughout 2023, as indicated by several regions with gross regional domestic product (GRDP) growth above the national average. Community activities that began last year were able to hold up the regional economy.

Nugroho Nafika Kassa

6 Feb 2024 - 16.30
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GRDP 2023: Regional Economic Growth Remains Solid in 2023

Tari Kecak. Bali’s GRDP was supported by the tourism sector. - Photo Bisnis

Bisnis, JAKARTA - Regional economy remained solid throughout 2023, as indicated by several regions with gross regional domestic product (GRDP) growth above the national average. Community activities that began last year were able to hold up the regional economy.

According to Statistics Indonesia (BPS), as many as 13 provinces maintain above-average growth last year. The majority were outside of Java, such as in Sulawesi, Maluku, and Papua.

The Yogyakarta province is the only region in Java with above-average growth of GRDP. (See infographic)

This implies that economic activity outside of Java was much more vibrant as they recovered from the pandemic. Bali, for instance, recorded a GRDP growth of 5.71 percent throughout 2023, above the national average of 5.05 percent.

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