Retail trade in Georgia rose 5.6 percent year-on-year in the fourth quarter of 2018, easing from a 12 percent increase in the previous period. It is the lowest growth in retail trade since the second quarter of 2016. Retail Sales YoY in Georgia averaged 16.15 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 4.80 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 4.20 in 12 months time. In the long-term, the Georgia Retail Sales YoY is projected to trend around 3.00 percent in 2020, according to our econometric models.