Retail Sales in Venezuela decreased 53.50 percent in January of 2019 over the same month in the previous year. Retail Sales YoY in Venezuela averaged 5.74 percent from 2008 until 2019, reaching an all time high of 60.30 percent in January of 2016 and a record low of -56.20 percent in December of 2018. source: Banco Central De Venezuela
Retail Sales YoY in Venezuela is expected to be -60.00 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 Venezuela to stand at -70.00 in 12 months time. In the long-term, the Venezuela Retail Sales YoY is projected to trend around -75.00 percent in 2020, according to our econometric models.