Industrial production in Georgia increased 3.5 percent year-on-year in the third quarter of 2018, slowing from a 16.2 percent rise in the previous period. It was the weakest growth rate since the first quarter 2015, as output expanded softer for all sectors: mining & quarrying (5.2 percent from 30.5 percent in Q2 2018); electricity, gas, steam & air conditioning supply (14.4 percent from 16.6 percent); manufacturing (0.4 percent from 15.1 percent), and water supply sewerage, waste management & remediation activities (5.1 percent from 11.9 percent). Industrial Production in Georgia averaged 12.99 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 15.90 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 13.90 in 12 months time. In the long-term, the Georgia Industrial Production is projected to trend around 14.50 percent in 2020, according to our econometric models.

Georgia Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-06 07:00 AM Industrial Production YoY 20.6% 21.8% 24.05%
2018-06-04 03:30 PM Industrial Production YoY 13.5% 20.6% 20.1%
2018-09-03 02:30 PM Industrial Production YoY 16.2% 13.5% 15.5%
2018-12-04 07:00 AM Industrial Production YoY 3.5% 16.2% 11.8%
2019-03-06 07:00 AM Industrial Production YoY 3.5% 15.9%
2019-06-04 03:30 PM Industrial Production YoY 14%
2019-09-03 02:30 PM Industrial Production YoY 12.6%


Georgia Business Last Previous Highest Lowest Unit
Industrial Production 3.50 16.20 35.10 -5.00 percent [+]
Manufacturing Production 0.40 15.10 41.30 -4.30 percent [+]
Changes in Inventories 259.60 447.10 512.00 -261.70 GEL Million [+]
Leading Economic Index 5.60 2.20 8.40 -0.80 percent [+]
Internet Speed 8774.17 8242.93 8774.17 535.00 KBps [+]
IP Addresses 508938.00 489558.00 527752.00 40728.00 IP [+]
Mining Production 5.30 30.60 119.80 -66.39 percent [+]
Competitiveness Index 60.88 59.85 60.88 3.75 Points [+]
Competitiveness Rank 66.00 67.00 93.00 66.00 [+]
Business Confidence 29.90 35.40 40.40 3.60 Index Points [+]
Ease of Doing Business 6.00 9.00 24.00 6.00 [+]
Corruption Index 58.00 56.00 58.00 18.00 Points [+]
Corruption Rank 41.00 46.00 133.00 41.00 [+]


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. This page provides - Georgia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Industrial Production - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 16.20 35.10 -5.00 2000 - 2018 percent Quarterly




Country Last Previous
Argentina -14.70 Dec/18
Australia 2.80 Sep/18
Brazil -3.60 Dec/18
Canada 4.20 Oct/18
China 5.70 Dec/18
Euro Area -4.20 Dec/18
France -1.40 Dec/18
Germany -3.90 Dec/18
India 2.40 Dec/18
Indonesia 0.60 Oct/18
Italy -5.50 Dec/18
Japan -1.90 Dec/18
Mexico -2.50 Dec/18
Netherlands 0.40 Nov/18
Russia 1.10 Jan/19
Saudi Arabia 5.84 Jun/18
Singapore 2.70 Dec/18
South Africa 0.10 Dec/18
South Korea 1.60 Dec/18
Spain -6.20 Dec/18
Switzerland 1.40 Sep/18
Turkey -9.80 Dec/18
United Kingdom -0.90 Dec/18
United States 3.80 Jan/19


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