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.