The stocks of goods held by firms in Georgia increased by 259.60 GEL Million in the third quarter of 2018. Changes in Inventories in Georgia averaged 139.90 GEL Million from 1996 until 2018, reaching an all time high of 512 GEL Million in the fourth quarter of 2017 and a record low of -261.70 GEL Million in the second quarter of 2009.
Changes in Inventories in Georgia is expected to be 438.90 GEL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Changes in Inventories in Georgia to stand at 287.50 in 12 months time. In the long-term, the Georgia Changes in Inventories is projected to trend around 414.20 GEL Million in 2020, according to our econometric models.