Main areas of development of the digital economy in the Republic of Azerbaijan

Abstract

The development of the digital economy in Azerbaijan contributes to the country’s modernisation and competitiveness in the global economic landscape, which is why research on this topic is relevant. The purpose of the research was to study, provide an objective assessment and organize the fundamental elements related to the advancement of the digital economy in Azerbaijan. The methods used included analytical method, statistical method, functional method, system analysis, deduction, synthesis, and comparison. The study analysed the existing condition of digital infrastructure in Azerbaijan, including an assessment of broadband Internet access, mobile coverage, and digital literacy. The main industries and sectors that have a major impact on the country’s digital development were also analysed. A research investigation delved into the influence of digital development on society and residents of the country, analysing its impact on the labour market, education, healthcare, public administration, consumer habits, and other aspects. One of the key aspects of the research is an in-depth study of the sources of funding and investment for digital projects in the country. In addition, a comparative analysis of various digital and economic indicators of Azerbaijan with similar data from other highly developed countries was carried out. The practical significance of the obtained results lies in their use for solving modern problems related to the advancement of the main spheres of the digital economy in Azerbaijan. The findings offer valuable insights for policymakers and stakeholders, aiding in addressing contemporary challenges within Azerbaijan’s digital economy

Keywords

• technological progress
• global integration
• investments
• cybersecurity
• regulation