ADB: Azerbaijan's e-commerce revenues to approach $3.5B by 2028

The Asian Development Bank (ADB) forecasts e-commerce revenue to grow from $1.762 billion in 2022 to $3.448 billion in 2027, Report informs referring to the ADB.

This will place Azerbaijan fourth among countries participating in the Central Asia Regional Economic Cooperation (CAREC) Program, behind Kazakhstan ($5.909 billion), Pakistan ($8.101 billion), and China ($2.375 trillion).

According to the bank's expectations, the number of users in Azerbaijan will reach 3.9 million by 2025, remain at the same level in 2026, and grow to 4 million in 2027.