Azerbaijan’s economy is driven by energy exports, especially oil and gas, which dominate GDP and government revenue. Efforts to diversify into agriculture, tourism, and IT are underway but remain in early stages. Market competition is growing, supported by infrastructure investments. Public policy aligns with modernization goals, though challenges like corruption and limited transparency hinder progress. Regulatory reforms focus on improving the business climate and attracting foreign direct investment (FDI). Azerbaijani society benefits from a rich cultural heritage and increasing urbanization. Education is accessible, with a focus on STEM to support economic diversification. Healthcare infrastructure is improving, though rural access remains limited. Climate concerns, such as water scarcity, are being addressed through renewable energy initiatives. With continued reforms, Azerbaijan has significant growth potential.