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.