Page 18 - GEORptSep18

4.4.2 Retail sector dynamics
Retail sales rises 16.7% y/y in 1Q18
Retail sales in Georgia increased 16.7% y/y in the first quarter of 2018, compared to a rise of 21% y/y in the previous quarter, according to CEIC data.
In 2017, retail trade turnover reached GEL9,929.8mn, up from GEL8,101.9mn last year. Retail sales, which has been growing at a strong double-digit pace for several years, grew by only 8-9% in 2015-16 as wage growth slowed and unemployment rose.
Retail sales y/y in Georgia averaged 17% from 2000 to 2018.
18 GEORGIA Country Report September 2018 www.intellinews.com