Industrial Production in Georgia increased 8.40 percent in the first quarter of 2020 over the same quarter in the previous year.

Industrial Production in Georgia averaged 12.39 percent from 2000 until 2020, 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. 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 August of 2020.

Industrial Production in Georgia is expected to be 9.50 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 4.50 in 12 months time. In the long-term, the Georgia Industrial Production is projected to trend around 4.00 percent in 2021, according to our econometric models.

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Georgia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
8.40 12.20 35.10 -5.00 2000 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-03 07:00 AM Industrial Production YoY Q2 2.9% 5.4% 8.6%
2019-12-04 07:00 AM Industrial Production YoY Q3 16.9% 2.9% 6.9%
2020-03-05 07:00 AM Industrial Production YoY Q4 12.2% 16.9% 14.5%
2020-06-04 07:00 AM Industrial Production YoY Q1 8.4% 12.2% 25.8%
2020-09-03 07:00 AM Industrial Production YoY Q2 8.4% -5.5%
2020-12-04 07:00 AM Industrial Production YoY Q3 9.5%


News Stream
Georgia Q4 Industrial Output Growth Eases to 12.2%
Industrial production in Georgia increased 12.2 percent year-on-year in the fourth quarter of 2019, easing from a 16.9 percent rise in the previous period. Output expanded softer for both manufacturing (11.2 percent vs 20.5 percent in Q3) and water supply & sewerage production (9.6 percent vs 10.9 percent). On the other hand, output advanced faster for mining & quarrying production (37.8 percent vs 8.3 percent); electricity, gas, steam and air conditioning supply (7.0 percent vs 0.7 percent).
2020-03-05
Georgia Industrial Output Rises the Most in Near 2 Years
Industrial production in Georgia jumped 16.9 percent year-on-year in the third quarter of 2019, accelerating from a 2.9 percent rise in the previous period. This was the strongest growth in industrial production since the fourth quarter 2017 year, as output advanced faster for manufacturing (20.5 percent vs 3.1 percent in Q2), while mining & quarrying production rebounded sharply (8.3 percent vs -3.5 percent). On the other hand, output rose softer for both electricity, gas, steam and air conditioning supply (0.7 percent vs 2.7 percent) and water supply & sewerage production (10.9 percent vs 13.9 percent).
2019-12-04

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.