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==Economy== {{Category see also|Category:Companies of Indonesia}} {{bar box |title=Jakarta GDP share by sector (2022)<ref>{{Cite web|url=https://jakarta.bps.go.id/publication/2022/02/25/5979600247867d861a1f334c/provinsi-dki-jakarta-dalam-angka-2022.html|title=Provinsi DKI Jakarta Dalam Angka 2022|publisher=Statistics Indonesia|access-date=22 September 2023}}</ref> |titlebar= |left1=GDP share by sector |right1=Percent |float=right |bars= {{bar percent|Service|Purple|75.93}} {{bar percent|Manufacturing|DodgerBlue|12.28}} {{bar percent|Other Industrial|Yellow|11.71}} {{Bar percent|Agriculture|Green|0.08}} }} Indonesia is the largest economy of [[ASEAN]], and Jakarta is the economic nerve centre of the Indonesian archipelago. Jakarta's nominal GDP was US$203.702 billion and PPP GDP was US$602.946 billion in 2021, which is about 17% of Indonesia's GDP.<ref name="jakarta2021">{{Cite book|title=Produk Domestik Regional Bruto Kabupaten/kota di DKI Jakarta 2019–2021|author=[[Statistics Indonesia|Badan Pusat Statistik Jawa Timur]]|publisher=Badan Pusat Statistik|year=2022|location=Jakarta|url=https://jakarta.bps.go.id/publication/2022/02/25/5979600247867d861a1f334c/provinsi-dki-jakarta-dalam-angka-2022.html}}</ref> Jakarta was ranked 21st in the list of ''Cities of Economic Influence Index'' in 2020 by CEOWORLD magazine.<ref>{{cite news |url=https://ceoworld.biz/2020/02/13/most-economically-influential-cities-in-the-world-2020/ |title=Most economically influential cities in the world, 2020 |newspaper=CEO World |access-date=6 March 2020 |archive-date=17 February 2020 |archive-url=https://web.archive.org/web/20200217085537/https://ceoworld.biz/2020/02/13/most-economically-influential-cities-in-the-world-2020/ |url-status=live }}</ref> According to the ''Japan Center for Economic Research'', [[Gross regional product|GRP]] per capita of Jakarta will rank 28th among the 77 cities in 2030 from 41st in 2015, the largest in Southeast Asia.<ref>{{cite news |url=https://asia.nikkei.com/Economy/Shenzhen-and-Jakarta-shine-in-city-economy-forecasts-for-2030 |title=Shenzhen and Jakarta shine in city economy forecasts for 2030 |newspaper=Nikkei Asian Review |access-date=6 December 2018 |archive-url=https://web.archive.org/web/20181206073115/https://asia.nikkei.com/Economy/Shenzhen-and-Jakarta-shine-in-city-economy-forecasts-for-2030 |archive-date=6 December 2018 |url-status=live}}</ref> [[Savills]] Resilient Cities Index has predicted Jakarta to be within the top 20 cities in the world by 2028.<ref>{{cite news |url=https://www.thejakartapost.com/news/2019/06/27/jakarta-makes-top-20-for-resilient-cities-in-global-real-estate-index.html |first1=Made Anthony|last1=Iswara|date=27 June 2019|title=Jakarta makes top 20 for resilient cities in global real estate index |newspaper=The Jakarta Post |access-date=3 July 2019 |archive-url=https://web.archive.org/web/20190703115244/https://www.thejakartapost.com/news/2019/06/27/jakarta-makes-top-20-for-resilient-cities-in-global-real-estate-index.html |archive-date=3 July 2019 |url-status=live}}</ref><ref>{{cite news |url=https://properti.kompas.com/read/2019/07/03/120000721/2028-jakarta-diperkirakan-masuk-daftar-kota-tangguh-dunia |title=2028, Jakarta Diperkirakan Masuk Daftar Kota Tangguh Dunia |newspaper=Kompas |access-date=3 July 2019 |archive-url=https://web.archive.org/web/20190703064708/https://properti.kompas.com/read/2019/07/03/120000721/2028-jakarta-diperkirakan-masuk-daftar-kota-tangguh-dunia |archive-date=3 July 2019 |url-status=live}}</ref> Jakarta's economy depends highly on manufacturing and service sectors such as banking, trading and finance. Industries include electronics, automotive, chemicals, mechanical engineering, and biomedical sciences. The head office of [[Bank Indonesia]] and the [[Indonesia Stock Exchange]] are located in the city. Most of the [[State-owned Enterprise of Indonesia|SOEs]] including [[Pertamina]], [[Perusahaan Listrik Negara|PLN]], [[Angkasa Pura]], and [[Telkomsel]] operate head offices in the city, as do major [[List of companies of Indonesia|Indonesian conglomerates]], such as [[Salim Group]], [[Sinar Mas Group]], [[Astra International]], [[Gudang Garam]], [[Kompas Gramedia Group|Kompas-Gramedia]], [[CT Corp]], [[Emtek]], and [[Media Nusantara Citra|MNC Group]]. The headquarters of the [[Indonesian Chamber of Commerce and Industry]] and [[Indonesian Employers Association]] are also located in the city. As of 2017, the city is home to six [[Forbes Global 2000]], two [[Fortune 500]] and seven [[Unicorn (finance)|Unicorn]] companies.<ref>{{cite web |url=https://en.tempo.co/read/news/2017/05/29/056879582/Six-Indonesian-Companies-Make-Forbes-Global-2000-List |title=Six Indonesian Companies Make Forbes Global 2000 List |access-date=30 November 2019 |archive-url=https://web.archive.org/web/20180908110023/https://en.tempo.co/read/news/2017/05/29/056879582/Six-Indonesian-Companies-Make-Forbes-Global-2000-List |archive-date=8 September 2018 |url-status=live}}</ref><ref>{{cite web |url=http://fortune.com/global500/list |title=Fortune 500 |access-date=30 November 2019 |archive-url=https://web.archive.org/web/20190630134150/http://fortune.com/global500/list |archive-date=30 June 2019 |url-status=live}}</ref><ref>{{cite news |url=https://www.reuters.com/article/us-indonesia-startups/indonesia-expects-to-have-more-than-5-unicorns-by-2019-minister-idUSKCN1G310J |title=Indonesia expects to have more than 5 unicorns by 2019: minister |newspaper=Reuters |access-date=22 June 2018 |archive-url=https://web.archive.org/web/20190519074340/https://www.reuters.com/article/us-indonesia-startups/indonesia-expects-to-have-more-than-5-unicorns-by-2019-minister-idUSKCN1G310J |archive-date=19 May 2019 |url-status=live}}</ref> [[File:SCBD at night.jpg|thumb|[[Sudirman Central Business District|SCBD]] is a business centre in Jakarta]] [[Google]] and [[Alibaba group|Alibaba]] have regional cloud centres in Jakarta.<ref>{{cite news |url=https://www.thejakartapost.com/news/2020/06/24/google-launches-first-cloud-region-in-indonesia.html |title=Google launches first Cloud region in Indonesia |newspaper=The Jakarta Post |access-date=24 June 2020 |archive-date=25 June 2020 |archive-url=https://web.archive.org/web/20200625115356/https://www.thejakartapost.com/news/2020/06/24/google-launches-first-cloud-region-in-indonesia.html |url-status=live }}</ref> In 2017, economic growth was 6.22%.<ref>{{Cite news |url=http://www.thejakartapost.com/news/2018/02/06/jakarta-economy-grows-6-22-in-2017.html |title=Jakarta economy grows 6.22% in 2017 |newspaper=The Jakarta Post |access-date=26 June 2018 |archive-url=https://web.archive.org/web/20180626192518/http://www.thejakartapost.com/news/2018/02/06/jakarta-economy-grows-6-22-in-2017.html |archive-date=26 June 2018 |url-status=live}}</ref> Throughout the same year, the total value of the investment was Rp 108.6 trillion (US$8 billion), an increase of 84.7% from the previous year.<ref>{{cite news |url=https://economy.okezone.com/read/2018/02/02/320/1853947/realisasi-investasi-di-dki-jakarta-2017-capai-rp108-6-triliun |title=Realisasi Investasi di DKI Jakarta 2017 Capai Rp108,6 Triliun |newspaper=OKEZONE |access-date=26 June 2018 |archive-url=https://web.archive.org/web/20180626192259/https://economy.okezone.com/read/2018/02/02/320/1853947/realisasi-investasi-di-dki-jakarta-2017-capai-rp108-6-triliun |archive-date=26 June 2018 |url-status=live}}</ref> In 2021, nominal GDP per capita was estimated at Rp 274.710 million (US$19,199).<ref name="jakarta2021" /> The most significant contributions to GRDP were by the finance, ownership and business services (29%); the trade, hotel and restaurant sector (20%), and the manufacturing industry sector (16%).<ref name="Statistics-2008" /> The Wealth Report 2015 by [[Knight Frank]] reported that 24 individuals in Indonesia in 2014 had wealth of at least US$1 billion and 18 live in Jakarta.<ref>{{cite web |url=http://properti.kompas.com/read/2015/03/19/110000721/18.Konglomerat.Indonesia.Tinggal.di.Jakarta |title=18 Konglomerat Indonesia Tinggal di Jakarta |author=Hilda B Alexander |work=KOMPAS.com |date=19 March 2015 |access-date=1 January 2017 |archive-url=https://web.archive.org/web/20161015115143/http://properti.kompas.com/read/2015/03/19/110000721/18.Konglomerat.Indonesia.Tinggal.di.Jakarta |archive-date=15 October 2016 |url-status=live}}</ref> The cost of living continues to rise. Both land prices and rents have become expensive. [[Mercer (consulting firm)|Mercer]]'s ''2017 Cost of Living Survey'' ranked Jakarta as the 88th costliest city in the world for expatriates.<ref>{{cite web |url=https://www.mercer.com/newsroom/cost-of-living-2017.html |title=Mercer's annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad |access-date=21 June 2017 |archive-url=https://web.archive.org/web/20180113110140/https://www.mercer.com/newsroom/cost-of-living-2017.html |archive-date=13 January 2018 |url-status=live}}</ref> Industrial development and the construction of new housing thrive on the outskirts, while commerce and banking remain concentrated in the city centre.<ref>{{cite web |title=Britannica |url=https://www.britannica.com/ |website=Encyclopædia Britannica |access-date=29 August 2018 |archive-url=https://web.archive.org/web/20180803224535/https://www.britannica.com/biography/Steve-Biko |archive-date=3 August 2018 |url-status=live}}</ref> Jakarta has a bustling luxury property market. [[Knight Frank]], a global real estate consultancy based in London, reported in 2014 that Jakarta offered the highest return on high-end property investment in the world in 2013, citing a supply shortage and a sharply depreciated currency as reasons.<ref>{{cite news |last=Gantan |first=Josua |date=1 November 2014 |title=Jakarta: The Luxury Property Capital of the World – The Jakarta Globe |work=Jakarta Globe |url=http://www.thejakartaglobe.com/news/jakarta/jakarta-the-luxury-property-capital-of-the-world/ |url-status=live |access-date=27 May 2014 |archive-url=https://web.archive.org/web/20141101075747/http://www.thejakartaglobe.com/news/jakarta/jakarta-the-luxury-property-capital-of-the-world/ |archive-date=1 November 2014}}</ref> ===Shopping=== {{see also|List of shopping malls in Jakarta}} [[File:Inside of Grand Indonesia.jpg|thumb|220px|[[Grand Indonesia Shopping Town|Grand Indonesia]] shopping mall]] As of 2015, with a total of 550 hectares, Jakarta had the largest [[List of malls in Jakarta|shopping mall floor area]] within a single city.<ref>{{cite web |url=http://megapolitan.kompas.com/read/2015/10/22/14262611/.Jakarta.Kota.dengan.Lahan.Mal.Terluas.di.Dunia |title=Jakarta, Kota dengan Lahan Mal Terluas di Dunia |work=KOMPAS.com |date=22 October 2015 |access-date=22 October 2015 |archive-url=https://web.archive.org/web/20161227202504/http://megapolitan.kompas.com/read/2015/10/22/14262611/.Jakarta.Kota.dengan.Lahan.Mal.Terluas.di.Dunia. |archive-date=27 December 2016 |url-status=live |last1=Media |first1=Kompas Cyber }}</ref><ref>{{cite news |url=http://www.thejakartapost.com/news/2014/10/31/jakarta-a-city-with-many-shopping-centers.html |title=Jakarta, a city with many shopping centres |newspaper=The Jakarta Post |access-date=15 August 2017 |archive-url=https://web.archive.org/web/20170815110234/http://www.thejakartapost.com/news/2014/10/31/jakarta-a-city-with-many-shopping-centers.html |archive-date=15 August 2017 |url-status=live}}</ref> Malls include [[Plaza Indonesia]], [[Grand Indonesia]], [[Sarinah Building|Sarinah]], [[Plaza Senayan]], [[Senayan City]], [[Pacific Place Jakarta|Pacific Place]], [[Gandaria City]], [[Aeon Group|ÆON Mall]] [[Jakarta Garden City]] and [[Tanjung Barat]], [[Mall Taman Anggrek]], [[Central Park Jakarta|Central Park Mall]], as well as [[Pondok Indah Mall]].<ref>{{cite web |url=http://www.expat.or.id/info/jakartamallsshoppingcenters.html |title=Jakarta Malls and Shopping Centers – luxury shopping in Jakarta, Indonesia |publisher=Expat.or.id |access-date=27 April 2010 |archive-url=https://web.archive.org/web/20100728232215/http://www.expat.or.id/info/jakartamallsshoppingcenters.html |archive-date=28 July 2010 |url-status=live}}</ref> Fashion retail brands in Jakarta include [[Debenhams]] at [[Senayan City]] and [[Kemang Village|Lippo Mall Kemang Village]],<ref>{{cite web |url=http://phx.corporate-ir.net/phoenix.zhtml?c=196805&p=internationalfranchisestores |title=International Franchise Stores |year=2013 |publisher=Debenhams plc |access-date=4 June 2016 |archive-url=https://web.archive.org/web/20170612071803/http://phx.corporate-ir.net/phoenix.zhtml?c=196805&p=internationalfranchisestores |archive-date=12 June 2017 |url-status=dead}}</ref> Japanese [[Sogo]],<ref>{{cite web |url=http://sogo.co.id/stores/ |title=SOGO |access-date=23 July 2015 |archive-url=https://web.archive.org/web/20150723124127/http://sogo.co.id/stores/ |archive-date=23 July 2015 |url-status=live}}</ref> [[Seibu Department Stores|Seibu]] at Grand Indonesia Shopping Town, and French brand, [[Galeries Lafayette]], at [[Pacific Place Jakarta|Pacific Place]]. The Satrio-Casablanca shopping belt includes [[Kuningan City]], Mal Ambassador, [[Kota Kasablanka]], and [[Ciputra World Jakarta|Lotte Shopping Avenue]].<ref>{{cite web |date=20 June 2013 |title=Jalan Satrio Dijadikan "Shopping Belt" Jakarta |url=http://properti.kompas.com/read/2009/03/20/06102484/Jalan.Satrio.Dijadikan.Shopping.Belt.Jakarta/ |url-status=live |archive-url=https://web.archive.org/web/20130620124625/http://properti.kompas.com/read/2009/03/20/06102484/Jalan.Satrio.Dijadikan.Shopping.Belt.Jakarta |archive-date=20 June 2013 |website=kompas.com |last1=Media |first1=Kompas Cyber }}</ref> Shopping malls are also located at [[Grogol]] and [[Puri Indah]] in [[West Jakarta]]. Traditional markets include [[Blok M]], [[Mayestik Market|Mayestik]], [[Tanah Abang]], [[Senen]], [[Pasar Baru]], [[Glodok]], [[Mangga Dua, Jakarta|Mangga Dua]], Cempaka Mas, and [[Jatinegara]]. Special markets sell [[antique]] goods at Jalan Surabaya and gemstones in Rawabening Market.<ref>{{cite news |url=http://www.thejakartapost.com/news/2018/07/20/special-transjakarta-buses-to-serve-city-shoppers.html |title=Special Transjakarta buses to serve city shoppers |newspaper=The Jakarta Post |access-date=20 July 2018 |archive-url=https://web.archive.org/web/20180720094238/http://www.thejakartapost.com/news/2018/07/20/special-transjakarta-buses-to-serve-city-shoppers.html |archive-date=20 July 2018 |url-status=live}}</ref> ===Tourism=== {{further|Tourism in Indonesia|List of museums and cultural institutions in Indonesia|Jakarta Tourism and Culture Office}} [[File:Angel island - The sixth stop (16932410548).jpg|thumb|220x220px|''Pulau Bidadari'' (Heavenly Nymph island) is one of the [[Thousand Islands (Indonesia)|Thousand Islands]] scattered around the sea of Jakarta]] [[File:Plaza Taman Ismail Marzuki.jpg|thumb|220px|The [[Ismail Marzuki Park]] is the most popular [[museum]] in Jakarta, there are several [[libraries]], [[theatres]], and Betawi [[performance art]]s]] Though Jakarta has been named the most popular location as per tag stories,<ref>{{cite news |url=http://www.thejakartapost.com/life/2017/08/04/jakarta-named-the-most-popular-location-tag-on-instagram-stories.html |title=Jakarta named the most popular location tag on Instagram Stories |newspaper=The Jakarta Post |access-date=12 December 2017 |archive-url=https://web.archive.org/web/20171212193545/http://www.thejakartapost.com/life/2017/08/04/jakarta-named-the-most-popular-location-tag-on-instagram-stories.html |archive-date=12 December 2017 |url-status=live}}</ref> and ranked eighth most-posted among the cities in the world in 2017 on image-sharing site [[Instagram]],<ref>{{cite news |url=http://www.thejakartapost.com/travel/2017/12/04/jakarta-among-top-10-cities-on-instagram.html |title=Jakarta among top 10 cities on Instagram |newspaper=The Jakarta Post |access-date=12 December 2017 |archive-url=https://web.archive.org/web/20171212193427/http://www.thejakartapost.com/travel/2017/12/04/jakarta-among-top-10-cities-on-instagram.html |archive-date=12 December 2017 |url-status=live}}</ref> it is not a top international tourist destination. The city, however, is ranked as the fifth fastest-growing tourist destination among 132 cities according to [[List of cities by international visitors|MasterCard Global Destination Cities Index]].<ref>{{cite news |url=http://www.thejakartapost.com/news/2017/09/27/jakarta-in-big-five-worlds-fastest-growing-destinations.html |title=Jakarta in big five world's fastest growing destinations |newspaper=The Jakarta Post |access-date=27 September 2017 |archive-url=https://web.archive.org/web/20170927094749/http://www.thejakartapost.com/news/2017/09/27/jakarta-in-big-five-worlds-fastest-growing-destinations.html |archive-date=27 September 2017 |url-status=live}}</ref> The [[World Travel and Tourism Council]] also listed Jakarta as among the top ten fastest-growing tourism cities in the world in 2017<ref>{{cite news |url=http://www.thejakartapost.com/travel/2017/10/26/jakarta-among-10-fastest-growing-tourist-cities-in-the-world.html |title=Jakarta among 10 fastest growing tourist cities in the world |newspaper=The Jakarta Post |access-date=7 December 2018 |archive-url=https://web.archive.org/web/20181209124752/http://www.thejakartapost.com/travel/2017/10/26/jakarta-among-10-fastest-growing-tourist-cities-in-the-world.html |archive-date=9 December 2018 |url-status=live}}</ref> and categorised it as an ''emerging performer'', which will see a significant increase in tourist arrivals in less than ten years.<ref>{{cite news |url=https://www.thejakartapost.com/travel/2019/07/08/jakarta-likely-to-see-tourist-influx-in-2027-study-says.html |title=Jakarta likely to see tourist influx in 2027, study says |newspaper=The Jakarta Post |access-date=8 July 2019 |archive-url=https://web.archive.org/web/20190708072700/https://www.thejakartapost.com/travel/2019/07/08/jakarta-likely-to-see-tourist-influx-in-2027-study-says.html |archive-date=8 July 2019 |url-status=live}}</ref> According to ''Euromonitor International's latest Top 100 City Destinations Ranking'' of 2019, Jakarta ranked at 57th among 100 most visited cities of the world.<ref>{{cite web |url=http://go.euromonitor.com/rs/805-KOK-719/images/Euromonitor%20International_WTM%20London%202017_Top%20100%20City%20Destinations.pdf |title=Euromonitor International's Top 100 City Destinations Ranking |access-date=8 November 2017 |archive-url=https://web.archive.org/web/20180412023032/http://go.euromonitor.com/rs/805-KOK-719/images/Euromonitor%20International_WTM%20London%202017_Top%20100%20City%20Destinations.pdf |archive-date=12 April 2018 |url-status=live}}</ref> Most of the visitors attracted to Jakarta are domestic tourists. As the gateway of [[Indonesia]], Jakarta often serves as a stop-over for foreign visitors on their way to other Indonesian tourist destinations such as [[Bali]], [[Lombok]], [[Komodo Island]] and [[Yogyakarta]]. In 2023 about 1.97 million foreign tourists visited the city.<ref>{{cite news|url=https://indonesiaexpat.id/news/jakartas-statistics-bureau-reports-an-increase-in-overseas-tourists-in-2023/|title=Jakarta's Statistics Bureau Reports an Increase in Overseas Tourists in 2023|newspaper=Indonesia Expat|accessdate=25 April 2024}}</ref> Jakarta is trying to attract more international tourists through [[Meetings, incentives, conferencing, exhibitions|MICE]] tourism, and arranging increasing numbers of [[Convention (meeting)|conventions]].<ref>{{cite news |url=http://www.thejakartapost.com/travel/2017/05/06/jakarta-preps-mice-tourism-to-lure-more-tourists.html |title=Jakarta preps MICE tourism to lure more tourists |newspaper=The Jakarta Post |access-date=16 June 2017 |archive-url=https://web.archive.org/web/20170610052514/http://www.thejakartapost.com/travel/2017/05/06/jakarta-preps-mice-tourism-to-lure-more-tourists.html |archive-date=10 June 2017 |url-status=live}}</ref><ref>{{Cite news |url=http://www.thejakartapost.com/travel/2017/04/29/ministry-holds-national-convention-to-develop-mice-tourism.html |title=Ministry holds national convention to develop MICE tourism |newspaper=The Jakarta Post |access-date=16 June 2017 |archive-url=https://web.archive.org/web/20170802131043/http://www.thejakartapost.com/travel/2017/04/29/ministry-holds-national-convention-to-develop-mice-tourism.html |archive-date=2 August 2017 |url-status=live}}</ref> In 2012, the tourism sector contributed Rp. 2.6 trillion (US$268.5 million) to the city's total direct income of Rp. 17.83 trillion (US$1.45 billion), a 17.9% increase from the previous year 2011.
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