Industrial production in Macedonia increased 2.9 percent year-on-year in the second quarter of 2019, easing from a 5.4 percent rise in the previous period. Output advanced at a softer pace for manufacturing (3.1 percent vs 6.1 percent in Q1) and electricity, gas, steam and air conditioning supply (2.7 percent vs 6.4 percent). On the other hand, mining & quarrying production dropped less (-3.5 percent vs -4.4 percent) while water supply & sewerage production rose faster (13.9 percent vs 5.3 percent). Industrial Production in Georgia averaged 12.38 percent from 2000 until 2019, 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 6.90 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 6.00 in 12 months time. In the long-term, the Georgia Industrial Production is projected to trend around 4.00 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
2018-12-04 07:00 AM Industrial Production YoY Q3 3.5% 16.2% 11.8%
2019-03-06 07:00 AM Industrial Production YoY Q4 7% 3.5% 11.9%
2019-06-04 07:00 AM Industrial Production YoY Q1 9% 7% 9%
2019-09-03 07:00 AM Industrial Production YoY Q2 2.9% 5.4% 8.6%
2019-12-04 06:00 AM Industrial Production YoY Q3 2.9% 6.9%


Georgia Business Last Previous Highest Lowest Unit
Industrial Production 2.90 5.40 35.10 -5.00 percent [+]
Manufacturing Production 0.40 6.40 41.30 -4.30 percent [+]
Changes in Inventories 311.50 506.70 512.00 -261.70 GEL Million [+]
Leading Economic Index 6.10 5.00 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 -2.90 11.00 119.80 -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 27.00 22.60 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 5.40 35.10 -5.00 2000 - 2019 percent Quarterly




Country Last Previous
Argentina -1.90 Jul/19
Australia 1.90 Jun/19
Brazil -2.50 Jul/19
Canada 1.44 Jun/19
China 4.40 Aug/19
Euro Area -2.00 Jul/19
France -0.20 Jul/19
Germany -4.20 Jul/19
India 4.30 Jul/19
Indonesia 8.10 Jul/19
Italy -0.70 Jul/19
Japan 0.70 Jul/19
Mexico -1.70 Jul/19
Netherlands -1.90 Jun/19
Russia 2.90 Aug/19
Saudi Arabia 1.40 Dec/18
Singapore -0.40 Jul/19
South Africa -1.10 Jul/19
South Korea 0.60 Jul/19
Spain 0.80 Jul/19
Switzerland 4.80 Jun/19
Turkey -1.20 Jul/19
United Kingdom -0.90 Jul/19
United States 0.40 Aug/19


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