Key Insights as of Jun 2025

Macro Demographics

Total population

7,100,000 People

Urbanization rate

36.5 %

Population growth rate

1.3 %

Median age

26.8 Years

Household size

4.2 People

Education attainment

92.5 % (Secondary or higher)

National Economic Indicators

GDP

10,930,644,915 USD

GDP per capita

1,606.7 USD

Inflation rate

7.8 %

Unemployment rate

6.5 %

Cost of living index

38.9 Index (100 = NYC)

Income inequality (Gini)

29.7 Index

Consumer Economy & Spending

Retail sales volume

1,200,000,000 USD

Retail sales per capita

169.0 USD

Disposable income per capita

1,100 USD

Spending - apparel

413,000,000 USD

Spending - groceries

800,000,000 USD

Spending - electronics

150,000,000 USD

Retail Market Structure

Number of retail outlets

15,000 Outlets

Major national retail chains

5 Chains

Retail market fragmentation

70.0 % (Independent stores)

Presence of global brands

Low Qualitative

Dominant retail formats

Bazaars, Small shops Qualitative

Real Estate & Business Climate

Average commercial rent

10.5 USD per sqm/month

Property transaction volume

2,500 Transactions annually

Ease of doing business index

80 Rank

Business permit process time

30 Days

Zoning constraints

Moderate Qualitative

Logistics & Accessibility

E-commerce delivery infrastructure

Developing Qualitative

Road density

0.2 km per sq km

Public transport penetration

45.0 % (Urban areas)

Commute patterns

30.0 Minutes (Average)

Vehicle ownership per capita

0.15 Vehicles

Digital & Retail Tech Trends

E-commerce share of retail

5.0 %

Click-and-collect adoption

2.0 % (Retail sales)

Internet penetration

85.0 %

Mobile commerce usage

30.0 % (E-commerce sales)

Retail tech startups

10 Startups

Safety & Legal

Retail-related crime rate

1.5 Incidents per 1,000 people

Shoplifting incidents

3,000 Incidents annually

Consumer protection score

65.0 Index (100 = Max)

Business compliance risk