The stocks of goods held by firms in Georgia increased by 311.50 GEL Million in the first quarter of 2019. Changes in Inventories in Georgia averaged 145.69 GEL Million from 1996 until 2019, 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 314.40 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 236.60 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.