Dataset on Macroeconomic Indicators and Fiscal Decentralisation Indices’ Variables in Central Java Province, Indonesia

Macroeconomics data was collected through the Central Statistics Agency (BPS) Central Java Province for the thirty-five regencies and municipalities in Central Java Province. The Fundamental index of fiscal decentralisation (FFDI) and Enhanced Index of Fiscal Decentralisation (EFDI) was constructed and added in a panel data set. These indices, together with labour participation rate, as well as foreign and domestic investment amounts were analysed in a model with Gross Regional Domestic Product as the outcome variable. These data are vital as government agencies have discovered significant differences among Central Java Province’s regions and cities’ economic performance despite implementation of fiscal decentralisation throughout Indonesia