Retail sales in Bosnia and Herzegovina increased 11.2 percent year-on-year in November of 2018, following an upwardly revised 9.1 percent rise in the previous month. It was the highest annual gain in retail trade since March, when it declined by 0.3 percent. Sales advanced faster for food, beverages & tobacco (12 percent from 11 percent in October); non-food products (10.9 percent from 7.7 percent) and fuel (10.7 percent from 9.6 percent). Retail Sales YoY in Bosnia and Herzegovina averaged 6.25 percent from 2010 until 2018, reaching an all time high of 22.20 percent in April of 2011 and a record low of -10.50 percent in March of 2010.
Retail Sales YoY in Bosnia and Herzegovina 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 Retail Sales YoY in Bosnia and Herzegovina to stand at 2.50 in 12 months time. In the long-term, the Bosnia and Herzegovina Retail Sales YoY is projected to trend around 3.80 percent in 2020, according to our econometric models.