Malang
Economy

Malang has a developed and diverse economy and is also an economic area highlighted by the East Java Provincial Government. The gross regional domestic product (GRDP) of Malang reached 57,171.60 billion rupiahs with economic contribution of 3.06% to the GRDP of East Java; Malang became the city with the third largest GRDP in East Java and second-level region (daerah tingkat II, includes regencies and cities) with the tenth largest GRDP in East Java. GRDP per capita of Malang City, which is 66,758,1 hundred thousand rupiahs is the sixth largest in East Java, after Pasuruan Regency. Malang has about 6,000 unemployed people with an open unemployment rate of 7.28%. The economy of Malang is supported by various sectors, including industry, services, trade, and tourism. Trade contributed the most, with 29.53% of the total GRDP of Malang City. Malang is also the home of one of the famous tobacco companies, namely Bentoel.

Malang implements a system of creative economy. This can be proved by the high role of micro, small and medium-sized enterprises (MSMEs) in the economy. The city government continues to encourage the development of MSMEs, among them by holding various expos and festivals. In addition to MSMEs, applications and digital games were made subsectors of the application of creative economy. Indirectly, this creative economy also increases the human development of Malang City.

In 2016, the economy of Malang grew by 5.61%. This rapid economic growth is being boosted by tourism. In addition, rapid economic growth was contributed by MSMEs, industry and trade.

Inflation in Malang is very low. In September 2017, Badan Pusat Statistik (BPS) noted that inflation in Malang was 0.05%. The underlying cause of inflation is the rise in the general consumer price index. Although low, Malang's inflation rate was once the highest in East Java, that is in July 2017 with inflation of 0.30%.
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