Why Central Java?
Economic growth in Central Java from 2016 to 2019 showed a relatively positive trend. Economic growth in Central Java in 2019 amounted to 5,41%, higher than the national economic growth of 5.02%. This is also supported by a decreasing of inflation rate, open unemployment rate, and poverty level. But, the spread of COVID-19 outbreak domestically and globally has a major impact on Central Java’s economy in 2020 which experience constraction at -2.65% (yoy). This is lower than the 2019 growth of 5.41% (yoy) national growth at -2.07%.
Central Java is the third ranked investment destination for international investors in Indonesia. The investment value in Central Java continues to increase. The total investment in 2019, both Foreign and Domestic, reached IDR 59.5 Trillion, or 125% of the target.