Retail Sales in Georgia increased 12 percent in the third quarter of 2018 over the same quarter in the previous year. Retail Sales YoY in Georgia averaged 16.44 percent from 2000 until 2018, reaching an all time high of 82.50 percent in the fourth quarter of 2011 and a record low of -21.90 percent in the fourth quarter of 2001.
Retail Sales YoY in Georgia is expected to be 15.30 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 Georgia to stand at 15.00 in 12 months time. In the long-term, the Georgia Retail Sales YoY is projected to trend around 16.40 percent in 2020, according to our econometric models.