Industrial production in Georgia increased 7 percent year-on-year in the fourth quarter of 2018, accelerating from a 3.5 percent rise in the previous period. Output expanded faster for both manufacturing (6.4 percent from 0.4 percent in Q3) and water supply sewerage, waste management & remediation activities (8.7 percent from 5.1 percent). Meantime, electricity, gas, steam & air conditioning supply output rose softer (11 percent from 14.4 percent). By contrast, mining & quarrying output shrank (-3.5 percent from 5.2 percent). Industrial Production in Georgia averaged 12.82 percent from 2000 until 2018, reaching an all time high of 35.10 percent in the fourth quarter of 2007 and a record low of -5 percent in the fourth quarter of 2009.
Industrial Production in Georgia is expected to be 8.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Georgia to stand at 6.00 in 12 months time. In the long-term, the Georgia Industrial Production is projected to trend around 4.00 percent in 2020, according to our econometric models.