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Economic Outlook



With a population of 33 million, Central Java is Indonesia’s third most populated province. This provides an abundant local source of young and skilled manpower. The population is largely concentrated in urban areas along the northern coast near where Kendal is located. Semarang, the capital and largest city of Central Java, offers a good living environment, with international standard hotels, shopping malls, housing, schools, golf courses, supermarkets and many other amenities.

Indonesia, Southeast Asia’s largest economy, grew by around 5.3% in 2014, driven by strong investment and domestic consumption, making it one of the most attractive investment destinations. (Source: Indonesia Investment Coordinating Board)

As for Central Java, its economic growth ranged from 5.5% to 6.0% per year over the last five years, which is in tandem with Indonesia’s GDP growth. Despite the economic crisis in 2009, it was able to attain a growth of 5.2%. In the second quarter of 2013, Central Java’s economy grew by 6.3% (year-on-year). (Annual Growth Rate of Central Java compared to Indonesia)

  • 2014 FDI into Central Java (by country)


Country of Origin Number of Projects Investment Value
(US$ in Millions)
South Korea 24 4.34
Singapore 17 42.87
Japan 10 21.78
Taiwan 9 9.50
Hong Kong 6 6.01
China 2 1.22



  • Foreign Direct Investment Realisation

    (2010-2014 and Q1 2015 Million USD)



  • Domestic Direct Investment Realisation

    (2010-2014 Sem 1 2015 in Billion Rp)



Demographic



Central Java




Total Population In Central Java

32.9

Million

Youth Population > 25

13.7

Million

Total Average Spending Power (Rupiah)

32.8

million per capita
5th MOST DEVELOPED CITY IN INDONESIA



274

Universities

1.184

Vocational School

253K

Total Graduates Per Year


GDP

GROWTH
(2016)


Central Java National

~5.28%

~5.00%

Kendal



Total Population In Kendal

Youth Population > 25

345.918

Million

Total Average Spending Power (Rupiah)

1.730.383

Per capita

11

Universities

49

Vocational School

~14.232

Total Graduates Per Year

GDP

GROWTH
(2016)
Central Java National

~5.28%

~5.6%

Vicinity Map