Industrial production in Georgia increased 1.7 percent year-on-year in the fourth quarter of 2022, easing sharply to 17.6 percent in the previous three-month period. This was the weakest growth in industrial production since the first quarter of 2013, as output expanded softer in mining & quarrying (4.03 percent vs 17 percent in Q3), manufacturing (2.5 percent vs 17.8 percent) & water supply sewerage, waste management & remediation activities (4.19 percent vs 14.4 percent). At the same time, output fell for electricity, gas, steam & air conditioning supply (-3.88 percent vs 17.4 percent). source: National Statistics Office of Georgia
Industrial Production in Georgia averaged 13.95 percent from 2000 until 2022, reaching an all time high of 47.80 percent in the second quarter of 2021 and a record low of -5.30 percent in the second quarter of 2020. This page provides - Georgia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Industrial Production in Georgia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Georgia Industrial Production is projected to trend around 3.60 percent in 2024 and 2.90 percent in 2025, according to our econometric models.