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).
Industrial Production in Georgia averaged 12.49 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. 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 March of 2020.
Industrial Production in Georgia is expected to be 25.80 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.