Retail sales index in Guinea-Bissau, Q1 2012 - Q3 2021:
For that indicator, we provide data for Guinea-Bissau from Q1 2012 to Q3 2021. The average value for Guinea-Bissau during that period was 247.53 index points with a minimum of 87.6 index points in Q4 2013 and a maximum of 482.3 index points in Q1 2016.
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Measure: index points
Source: Central Bank of West African States
Definition: The retail sales index is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction. The retail sales index measures only the volume changes, i.e. price level changes are excluded.