Retail Sales in Georgia decreased 14.50 percent in the second quarter of 2020 over the same quarter in the previous year.

Retail Sales YoY in Georgia averaged 15.18 percent from 2000 until 2020, 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. This page provides - Georgia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Retail Sales YoY in Georgia is expected to be 4.70 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 3.40 in 12 months time. In the long-term, the Georgia Retail Sales YoY is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Georgia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-14.50 13.50 82.50 -21.90 2000 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-04 07:00 AM Q3 16.3% 12.2% 13.7%
2020-03-05 07:00 AM Q4 15.3% 19.1% 7.1%
2020-06-04 07:00 AM Q1 13.5% 15.3% 24.9%
2020-09-03 07:00 AM Q2 -14.5% 14.2% -9.5%
2020-12-04 07:00 AM Q3 4.7%

Georgia Consumer Last Previous Highest Lowest Unit
Retail Sales YoY -14.50 13.50 82.50 -21.90 percent [+]
Consumer Spending 7888.50 8387.60 10267.00 970.40 GEL Million [+]
Consumer Confidence -40.20 -48.30 -1.40 -48.30 points [+]

Georgia Retail Sales YoY
In Georgia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.