Azerbaijan Statistical Report 2023

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Azerbaijan is a presidential republic with a unicameral parliament, the National Assembly (Milli Mejlis). It has a strategic location between East and West based on large reserves of oil and gas. 

It is a member of the Commonwealth of Independent States (CIS), the Organisation for Democracy and Economic Development (GUAM), the Economic Cooperation Organisation (ECO) and the Organisation of the Black Sea Economic Cooperation (BSEC). 

The Nakhchivan Autonomous Republic is a landlocked exclave of the Republic of Azerbaijan. 

Nagorno-Karabakh is a landlocked region in the South Caucasus. Most of the region is governed by the Nagorno-Karabakh Republic, a de facto independent but unrecognised state established on the basis of the Nagorno-Karabakh Autonomous Oblast that was part of the Azerbaijan SSR in the Soviet Union. Azerbaijan has not exercised political authority over the region since the advent of the Karabakh movement in 1988. 

Since the end of the first Nagorno-Karabakh War in 1994, representatives of the governments of Armenia and Azerbaijan had been holding peace talks mediated by the OSCE Minsk Group on the region’s disputed status. 

The regional security situation deteriorated during 2014 when skirmishing broke out over Nagorno-Karabakh between Azerbaijan and neighbouring Armenia. Armenia occupied the disputed enclave. In September 2020, a war broke out due to the Nagorno-Karabakh conflict, with Armenian and Azerbaijanian forces clashing. A November 2020 ceasefire agreement ended the six-week war. 

With most of the former Soviet Union polarised increasingly between states leaning towards the EU and those joining the Russian-led Eurasian Economic Community, Azerbaijan is attempting to follow an independent path. 

But its foreign policy is officially described as “integration into European and Transatlantic security and cooperation structures including NATO, the EU, the Western European Union and the Council of Europe,” while also maintaining equal partnership relations with regional neighbours. 

The launch of instant payments, a high mobile phone penetration rate and the continuing roll-out of contactless cards from a low number are the main trends driving digital payments in Azerbaijan in 2023, with several mobile payment initiatives being implemented with international payment schemes. It is expected that e-commerce volume and values will rise significantly over the next few years, thanks to bank efforts to expand mobile banking and app usage among Azeri consumers. 


New in 2023:

  • The full impact of COVID-19 on digital payments, card payments, e-commerce and m-commerce by market.
  • Real-time payments infrastructure and growth statistics by market.
  • Open Banking infrastructure, API roll-out, key players and key initiatives by market.
  • Contactless and mobile payments statistics by market.
  • Cryptocurrency, stablecoin and CBDC initiatives by market.
  • Full update on bank channel digitisation by market.
  • Forecasting column added for all the major tables.
  • Reader-friendly design with enhanced data visualisation.
  • Industry developments and bank deployments of eID, biometrics and AI.
  • The integration of digital challengers and neobanks into the banking infrastructure.

Updates For 2022-23:

  • Updated – Bank M&As, restructuring and market positioning. Customer number KPIs and adoption of digital channel KPIs.
  • Updated – Mobile banking apps and digital wallet initiatives.
  • Updated - PSPs by individual country.
  • Updated – Real-time payments uptake and QR code payments rollout.
  • Updated – Card fraud in Europe and by individual country.
  • Updated – Non-bank cards and co-brands.
  • Highlighting the new trends in the payment industry by individual country:

Contactless, mobile NFC, QR code, mPOS, SoftPOS services
Display cards, contactless ATMs, biometric authentication
Digital wallets, in-app payments, mobile in-store payments
Instant payments
eID initiatives

Cryptocurrency and CBCD initiatives

  • Updated: tables with card business data 2017-2021; growth rates: Y-o-Y, CAGR + Forecasting column
  • Population, Cards per Capita, Card Value per Capita
  • Debit Cards, Credit/Delayed Debit Cards, Total Cards
  • Card payments by number and by value, ATV per card, payments per card/year
  • ATMs, POS terminals, ATMs/POS terminals per 1 million capita
  • ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
  • POS payments by number/by value, ATV per POS payment, TXs per POS/month
  • Internet Use, e-payment mix, B2C e-Commerce by value and growth rate
  • Issued Card brands by individual major issuer bank
  • Accepted card brands by individual major acquirer
  • Drill down into the debit card use and credit cards use details



Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 


Version 1.1 - last updated 03/01/23