Industrial production in Georgia jumped 16.9 percent year-on-year in the third quarter of 2019, accelerating from a 2.9 percent rise in the previous period. This was the strongest growth in industrial production since the fourth quarter 2017, as output advanced faster for manufacturing (20.5 percent vs 3.1 percent in Q2), while mining & quarrying production rebounded sharply (8.3 percent vs -3.5 percent). On the other hand, output rose softer for both electricity, gas, steam and air conditioning supply (0.7 percent vs 2.7 percent) and water supply & sewerage production (10.9 percent vs 13.9 percent).

Industrial Production in Georgia averaged 12.49 percent from 2000 until 2019, 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. This page provides - Georgia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Georgia is expected to be 6.50 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.

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Georgia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
16.90 2.90 35.10 -5.00 2000 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-06 07:00 AM Industrial Production YoY Q4 7% 3.5% 11.9%
2019-06-04 07:00 AM Industrial Production YoY Q1 9% 7% 9%
2019-09-03 07:00 AM Industrial Production YoY Q2 2.9% 5.4% 8.6%
2019-12-04 07:00 AM Industrial Production YoY Q3 16.9% 2.9% 6.9%
2020-03-05 07:00 AM Industrial Production YoY Q4 16.9% 14.5%

News Stream
Georgia Industrial Output Growth Accelerates to 7% in Q4
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).

Georgia Industrial Production
In Georgia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.