Page 21 - bne IntelliNews George country report Sept 2017

4.4.2 Retail sector dynamics
Retail turnover of all enterprises reached GEL7,137.40mn in the first quarter of 2017, a rise of 19.5% over the same quarter last year, according to CEIC data. In 2016, retail turnover totalled GEL28,283.3mn, an increase of 8.3% y/y.
The largest sectors of the economy - retail trade and manufacturing - increased by modest rates of 3.6% and 1.4% y/y, respectively, in 2016. Retail sales, which had 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 16.5% from 2000 to 2017.
21 GEORGIA Country Report September 2017 www.intellinews.com