Industrial production growth worldwide 2019-2024, by region

Published by
Einar H. Dyvik,
Oct 15, 2024

In July 2024, global industrial production, excluding the United States, increased by 1.5 percent compared to the same time in the previous year, based on three month moving averages. This is compared to an increase of 0.2 percent in advanced economies (excluding the United States) for the same time period. The global industrial production collapsed after the outbreak of COVID-19, but increased steadily in the months after, peaking at 23 percent in June 2021. 
Industrial growth rate tracks the output production in the industrial sector.

Global industrial production growth from January 2019 to July 2024, by region

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Release date

October 2024

Region

Worldwide

Survey time period

January 2019 to July 2024

Special properties

aggregated using U.S. trade weights

Supplementary notes

The source bases the calculations on a representative sample of 40 countries. s
Values calculated using a three month moving average.

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