A growing taxable retail sales base is a sign of a healthy economy as consumers and businesses have the means to purchase goods of all types. Over the past decade, sustained growth in Nevada’s taxable retail sales has mirrored the recovery and growth of the state economy. Retail sales growth in the Silver State has remained strong throughout the past 10 years and was on pace to close the decade with one of the best years of the period.

At their lowest point over the past decade, trailing 12-month taxable sales totaled $38.4 billion in 2009. From 2009 to 2018 (the last full year of sales data), annual taxable retail sales increased by $22.4 billion, or 58.4 percent with a compound annual growth rate of 5.2 percent. On a trailing 12-month basis, taxable sales have continued to grow in 2019, with the latest total in October 2019 reaching $63.8 billion, an increase of 6.3 percent from the year before.

Click here to download the report and read more.