Jakarta’s economy expanded by a solid 5.87 percent (yoy) in the third quarter of 2026, according to Statistics Indonesia (BPS), as announced by the Bank Indonesia Jakarta Representative Office.

This performance marks an acceleration from the 5.52 percent (yoy) recorded in the preceding quarter and stands above the national economic growth rate of 5.47 percent (yoy).

Jakarta also maintained its role as Indonesia’s economic hub, contributing a 16.09 percent share to the national economy.

Bank Indonesia Jakarta Representative Office Head Iwan Setiawan, stated that this positive performance was driven by consistently solid domestic demand, accelerated investment, and the strong performance of key business sectors—particularly Financial and Insurance Services, Wholesale and Retail Trade, and Information and Communication.

He conveyed that moving forward, the Bank Indonesia Jakarta Representative Office will continue to reinforce synergy with the Jakarta government and various stakeholders to maintain stability and sustain economic growth momentum amid global economic volatility.

“These efforts are carried out through inflation control measures via the Regional Inflation Control Team (TPID), the expansion of payment system digitalization, the strengthening of investment and productive sectors, as well as the development of new sources of growth rooted in the creative economy,” he explained, Monday (11/9).

As part of these strategic measures, Iwan noted that the central bank’s Jakarta office will work proactively with the Jakarta government to act upon the outcomes of the Jakarta Economic Forum 2026 x Jakarta Film Summit, which took place on October 20–21, 2026. Key objectives include simplifying permit procedures, exploring viable financing schemes, reinforcing both the local and national film ecosystem, and promoting the Jakarta Film Commission.

“These combined initiatives are expected to further accelerate Jakarta’s digital and creative economy, fostering robust, inclusive, and sustainable growth as Jakarta evolves into a globally competitive city,” he stated.

From an expenditure standpoint, Household Consumption recorded a 5.16 percent (yoy) expansion, slightly easing from 5.18 percent (yoy) in the prior quarter as post-holiday demand normalized following Eid al-Adha and the school recess.

Even so, consumer spending remained solid, buoyed by strong mobility and purchasing power, which was mirrored in vibrant event activities and growing arrivals of domestic travelers in the capital.

Gross Fixed Capital Formation (GFCF)—a measure of investment—expanded by 5.44 percent (yoy), driven largely by ongoing government strategic infrastructure projects and higher domestic private capital outlays.

Jakarta’s external trade position also gained ground as growth in goods imports cooled from 10.52 percent (yoy) to 6.76 percent (yoy) in the reporting quarter, while exports of goods and services maintained strong momentum at 9.86 percent (yoy).

Conversely, Government Spending contracted by 9.29 percent (yoy), retreating from a 14.70 percent (yoy) increase in the prior quarter as state budgetary disbursements normalized following previous front-loading.

On the production side, economic performance was led by the Financial Services sector, which jumped 10.86 percent (yoy) compared to just 1.71 percent (yoy) in the preceding quarter, propelled by increased financial intermediation and higher lending volumes.

The Wholesale and Retail Trade industry also provided major support, growing 6.22 percent (yoy) amid festive events—including National Independence Day and Jakarta’s anniversary—and seasonal back-to-school sales. This consumer surge spilled over into the hospitality sector, with Accommodation and Food & Beverage Services accelerating to 9.57 percent (yoy).

Meanwhile, the Information and Communication sector expanded 5.18 percent (yoy), sustained by resilient digital economy transactions and steady corporate and household demand for telecommunication services.