Yogyakarta Economy 2022

Jogyakarta is a city in Indonesia that is known as an exceptional city by tourists. Jogyakarta is known as a special city because this city ever been the capital city of Indonesia. Lately, Jogjakarta was very crowded because of the trend of Tiktok and Instagram. After corona that makes the country's economy dropped, and everyone was made content with their city and country for tourist can came. Also, people from Jogjakarta make the content of Jogjakarta city, there was had very many cafes and hotels, also beautiful and aesthetic restaurants that make everyone want to visit it. And Johjakarta food is known as very cheap for other cities, so everyone goes to visit Jogjakarta to choose their vacation destination. It makes Jogjakarta's economy better. But, as you should know, day by day, the migration of people to Jogjakarta always Increasing and make Jogjakarta more crowded.

The rate of economic growth in Jogjakarta is very fast and drastic, due to the many constructions of hotels and restaurants and cafes that attract the attention of tourists, as well as the management of the city of Jogja which is getting better and becoming a very beautiful city with many tourist attractions. Jogjakarta's economy has increased drastically from 2.91% in early 2022 and in the middle of the month reached an increase of 5.2%.

This drastic increase was caused by various sectors. Both from the demand side, the demand side, as well as the business and trade side. This is the main factor that makes Jogjakarta's economy increase drastically, with also support from social media Instagram and TikTok where there are lots of content creators who make content about Jogjakarta which is very interesting and makes many tourists curious and want to visit Jogja.

Malioboro is one of the tourist attractions that most tourists are after, because malioboro is a hallmark of the city of Jogjakarta, where usually foreign and local tourists go to Malioboro street to look for culinary and shopping, but the swift handling of Jogjakarta city officials is very good, before lots of street vendors selling on the outskirts of Malioboro Street and making Malioboro Street feel fuller and cramped and doesn't look good, but with the establishment of Malioboro Terraces 1 and 2, all traders on Malioboro Street were moved there and are in 1 place with good facilities and a very decent building, and there's no rent, and that's very profitable for both parties.

The economy in Jogjakarta at the end of the year in July-September rose by around 5.82% higher than before, even if compared to 2021, Jogjakarta's economy is only 2.31%. The head of the DIY statistics center said that with the development of activities in Jogjakarta, such as tourism and entertainment activities, the economy of the city of Jogjakarta will grow relatively faster than other provinces on the island of Java. And this July-September, the economy of Jogjakarta City is ranked 2nd after West Java and DKI Jakarta.

The city of Jogja itself has three economic categories that are growing very rapidly above 20% including the service category with 28.26%, followed by the transportation and warehousing category with 24.69%, as well as the provision of accommodation such as hotels and villas and eating and drinking in restaurants and cafes. with 20.22%. The latter was followed by the procurement of electricity, gas and clean water which also grew relatively high, reaching 12.74%. It was even stated that the components of foreign exports and consumption expenditure of non-profit institutions serving households were recorded as the components with the first and second highest growth with 10.34% and 8.80% respectively.

If you look at it, the economy of the Special Region of Yogyakarta based on GRDP or gross regional domestic product based on prices in effect at the end of 2022 will reach around 41.51 trillion, based on constant 2010 prices reaching 28.03 trillion. From the economic structure of the city of Jogja itself, it is still very much dominated by the processing industry at 11.86%, followed by construction at 10.45% and information communication at 10.40%. Meanwhile, from the expenditure side, the largest contribution was recorded in the household consumption component of 61.41%, followed by the gross fixed capital formation component of 32.28%.

and of course, with this significant increase in economic development, Jogjakarta must also have many tricks to maintain thistoo continue to attract tourists in terms of tourism, because in the special area of Jogjakarta itself there are still many tourist attractions that need access for better roads and better management. especially in remote areas. And this should also have been thought of for plans in 2023, and there is no need for the construction of roads that are already good and correct, with lots of new jobs, the residents of Jogja themselves should get a lot of guidance and support to open and start their business or even tie up with this business, but unfortunately, many people take advantage of this and act arbitrarily.

but I am proud to be a Jogjanese because the beauty of this city will never end, and people will always know Jogja as a special city with a good structure with an orderly sultan's leadership, all Jogja people are very friendly and happy to welcome local and foreign tourists, and hopefully, in 2023 the economy of the city of Jogjakarta will continue to improve and increase.