Nevada’s trailing 12-month taxable retail sales total eclipsed $60 billion in October 2018 for the first time in state history. This milestone was the culmination of nine years of consistent growth since 2009, when taxable retail sales in Nevada were at their lowest amid the recession, falling to $38.4 billion. From 2009 to 2017 (the last complete calendar year of taxable retail sales data), Nevada’s taxable retail sales increased $19.3 billion, growing from $38.4 billion to $57.7 billion (50.2 percent growth) at a compound annual growth rate (CAGR) of 5.2 percent.

This growth was primarily driven by Clark and Washoe counties, which account for about 73 percent and 14 percent of statewide taxable retail sales, respectively. From 2009 to 2017, Clark County’s taxable retail sales increased by $13.0 billion to $41.5 billion (45.5 percent growth), growing at a CAGR of 4.8 percent. Washoe County’s taxable retail sales increased by $3.0 billion (56.3 percent) from 2009 to 2017, growing at a CAGR of 5.7 percent.

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