Industrial Production (annual variation in %)

Industrial Production (annual variation in %)

Industrial production measures the output of the industrial sector, which typically comprises mining, manufacturing, utilities and, in some cases, construction. The industrial production indicator is generally provided as an index in volume terms. Annual variation in industrial production as a percentage thus reflects the change in the volume of industrial output as compared to the previous year.

Annual variation in industrial production provides insight into the state of the economic cycle as the production of consumer durables and capital goods is likely to decrease during an economic downturn. Despite the fact that the industrial sector only accounts for a portion of an economy’s total output, it is a leading indicator of Gross Domestic Product (GDP) growth and economic performance due to its sensitivity to consumer demand and interest rates.

The table below shows the percent changes in industrial production per country for the last five years.

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Industry Data

2015 2016 2017 2018 2019
Algeria1.91.62.4-1.5-  
Argentina0.1-4.52.5-4.6-6.2
Armenia5.16.812.64.49.0
Australia1.72.01.23.8-  
Austria2.02.45.45.3-  
Azerbaijan2.4-0.5-3.41.51.8
Bangladesh11.813.114.614.8-  
Belarus-6.6-0.46.15.71.0
Belgium-1.14.42.91.1-  
Bosnia and Herzegovina3.14.53.11.6-5.5
Brazil-8.2-6.42.51.0-1.1
Bulgaria2.92.73.41.10.8
Canada-0.50.14.53.1-  
Chile-  -  -  -  -  
China6.16.06.66.25.7
Colombia2.04.1-0.53.81.5
Croatia2.55.01.9-1.00.5
Cyprus4.810.37.26.6-  
Czech Republic4.33.46.53.0-0.4
Denmark0.14.22.02.02.7
Dominican Republic8.5-  -  -  -  
Ecuador-  -  -  -  -  
Egypt2.3-0.12.17.22.1
Estonia0.33.44.04.1-2.1
Eurozone2.61.62.90.9-1.7
Finland-1.04.23.43.42.0
France1.50.62.30.30.3
Germany0.91.83.31.0-3.5
Ghana1.14.315.710.6-  
Greece2.32.63.91.6-0.6
Guatemala2.91.50.61.33.3
Hungary7.40.94.63.55.4
India3.34.64.43.8-  
Iraq22.28.0-  -  -  
Ireland44.42.1-2.50.10.8
Israel2.21.73.73.52.6
Italy1.11.93.60.6-1.4
Japan-1.10.03.11.1-2.8
Jordan0.9-2.1-0.7-6.1-  
Kazakhstan-1.6-1.27.24.13.9
Kenya7.35.93.85.3-  
Korea-0.32.22.61.4-0.7
Kyrgyzstan2.42.09.5-9.63.8
Latvia3.65.48.31.51.0
Lithuania4.42.96.94.93.4
Luxembourg-8.21.56.45.8-  
Malaysia2.54.14.43.02.4
Malta-0.2-6.98.31.71.9
Mexico1.20.4-0.20.5-1.8
Morocco1.81.03.23.0-  
Netherlands-3.41.31.40.6-1.1
Nigeria-3.4-9.40.9-4.8-  
North Macedonia4.93.30.25.43.7
Norway0.6-1.52.11.1-4.9
Oman5.14.8-1.62.6-  
Panama10.86.97.02.8-  
Paraguay-  -  -  -  -  
Poland4.82.96.55.84.0
Portugal2.12.33.90.1-2.4
Qatar2.12.52.01.3-  
Romania2.81.87.83.5-3.3
Russia-0.82.12.23.52.3
Saudi Arabia5.02.3-2.42.7-  
Serbia7.35.23.91.30.3
Slovakia6.74.63.34.30.4
Slovenia5.07.78.45.03.0
South Africa0.00.7-0.5-  -  
Spain3.21.93.20.30.6
Sweden2.92.24.73.21.1
Switzerland-2.00.15.25.44.5
Taiwan-1.32.05.03.6-0.3
Tunisia-2.4-0.5-1.1-0.6-  
Turkey6.13.49.11.1-0.6
USA-1.0-2.02.33.90.8
Ukraine-13.02.80.41.6-1.8
United Arab Emirates6.03.2-1.32.3-  
United Kingdom1.01.11.70.8-1.3
Uruguay3.10.3-11.111.5-1.5
Vietnam9.87.59.410.29.1
Zambia0.25.65.44.3-  

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