Industrial production in Georgia increased 16.2 percent year-on-year in the second quarter of 2018, advancing from a 13.5 percent rise in the previous period. Output jumped for mining & quarrying (30.6 percent from 12.9 percent in Q1 2018) and electricity, gas, steam & air conditioning supply (16.6 percent from 7.5 percent). Contrarily, production slowed for manufacturing (15.1 percent from 16.7 percent) and water supply sewerage, waste management & remediation activities (11.9 percent from 14.9 percent). Industrial Production in Georgia averaged 13.26 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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Forecast Data Chart
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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 06:00 AM Industrial Production YoY 16.2% 11.8%


Georgia Business Last Previous Highest Lowest Unit
Industrial Production 16.20 13.50 35.10 -5.00 percent [+]
Manufacturing Production 15.10 16.70 41.30 -4.30 percent [+]
Changes in Inventories 447.10 383.60 512.00 -261.70 GEL Million [+]
Leading Economic Index 5.60 2.00 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 30.60 12.90 119.80 -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 31.40 28.20 40.40 3.60 Index Points [+]
Ease of Doing Business 6.00 9.00 24.00 6.00 [+]
Corruption Index 56.00 57.00 57.00 18.00 Points [+]
Corruption Rank 46.00 44.00 133.00 44.00 [+]


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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.20 13.50 35.10 -5.00 2000 - 2018 percent Quarterly




Country Last
Argentina -11.50 Sep/18
Australia 3.50 Jun/18
Brazil -2.00 Sep/18
Canada 2.76 Aug/18
China 5.90 Oct/18
Euro Area 0.90 Sep/18
France -1.10 Sep/18
Germany 0.80 Sep/18
India 4.50 Sep/18
Indonesia 1.50 Sep/18
Italy 1.30 Sep/18
Japan -2.50 Sep/18
Mexico 1.80 Sep/18
Netherlands -2.10 Sep/18
Russia 3.70 Oct/18
Saudi Arabia 3.44 Mar/18
Singapore -0.20 Sep/18
South Africa 0.10 Sep/18
South Korea -8.40 Sep/18
Spain -0.10 Sep/18
Switzerland 8.30 Jun/18
Turkey -2.70 Sep/18
United Kingdom 0.00 Sep/18
United States 4.10 Oct/18


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