Key Insights as of Jun 2025
Macro Demographics
Total population
10,462,904 People
Urbanization rate
57.2 %
Population growth rate
0.8 %
Median age
32.6 Years
Household size
4.2 People
Education attainment
92.5 %
National Economic Indicators
GDP
72,100,000,000 USD
GDP per capita
6,890 USD
Inflation rate
5.3 %
Unemployment rate
5.6 %
Cost of living index
42.7 Index
Income inequality (Gini)
33.7 Index
Consumer Economy & Spending
Retail sales volume
18,500,000,000 USD
Retail sales per capita
1,769 USD
Disposable income per capita
4,200 USD
Spending by category - apparel
320 USD
Spending by category - groceries
1,050 USD
Spending by category - electronics
210 USD
Retail Market Structure
Number of retail outlets
28,000 Units
Major national retail chains
5 Units
Retail market fragmentation
60 %
Presence of global brands
45 Units
Dominant retail formats
Supermarkets, bazaars
Real Estate & Business Climate
Average commercial rent
15 USD/sqm
Property transaction volume
12,500 Units
Ease of doing business index
76.7 Index
Business permit process time
10 Days
Zoning constraints
Moderate
Logistics & Accessibility
E-commerce delivery infrastructure
Developing
Road density
330 km/1000sqkm
Public transport penetration
65 %
Commute patterns
30 Minutes
Vehicle ownership per capita
0.15 Vehicles
Digital & Retail Tech Trends
E-commerce share of retail
8.5 %
Click-and-collect adoption
12 %
Internet penetration
87 %
Mobile commerce usage
42 %
Retail tech startups
15 Units
Safety & Legal
Retail-related crime rate
1.2 %
Shoplifting incidents
3,500 Units
Consumer protection score
68 Index
Business compliance risk
Low
Tourism & International Retail
Annual tourist arrivals
2,800,000 People
Tourist retail spending
1,200,000,000 USD
Airport traffic
5,500,000 Passengers
Duty-free sales trends
Growing
Retail Growth Forecasts & Trends
Projected retail market growth rate
4.5 %
Urban expansion zones
Baku, Ganja
Emerging retail hubs
Sumqayit, Mingachevir
Major upcoming national mall or retail projects
2 Units