PESTEL Analysis Costa Rica
• Costa Rica has emphasized strongly in the development of democracy and respect for human rights.
• Costa Rica lacks armed forces therefore they are free of military infringement.
• Costa Rican law protects the formation of contracts.
• Costa Rican law protects Copyrights, Trade Marks, Encrypted Program-Carrying Satellite Signals, Industrial Designs, Patents, Geographical Indication, Trade regulations & tariffs.
• The US is Costa Rica’s main trading partner
• Anti-trust laws are enforced in Costa Rica to maintain fairness between businesses. (Central America Data, 2008)
• Costa Rica has no official pricing rules.
• Individuals and businesses living in Costa Rica are obliged to pay income tax only on income derived from sources within the country.
• Minimum wage in Costa Rica ranges from 107,883 Costa Rican colones a month for domestic employees to 397,665 colones for university graduates.
• The workweek is 6 days.
• A 60% pension in the last 240 months in mandatory after 62 years.
• Costa Rica is part of U.S.-Central America Free Trade Agreement (U.S.-CAFTA) and TLC which means Free Trade Agreement.
• A big advantage of Costa Rica is its relationship with the US and the fact the Costa Rica is the US most important trade partner.
• Currency: Costa Rica Colon (CRC).
• 1 US dollar is equivalent to 504.84 colones.
• Property taxes are only 0.25 %
• GDP (2010): $38.27 billion.
• GDP PPP (2009 est.): $48.19 billion.
• Inflation (2010 est.): 6.9%.
• Real growth rate (2010 est.): 3.6%.
• Per capita income: (2009) $6,900; (2010 est., PPP) $10,569.
• Unemployment (2010 est.): 6.7%.
• Population: 4,579,000
• 94% are white and mestizos, 3% are African origin, 1% Amerindians, 1% Chinese, and 1% other.
• Religion: Roman Catholic 76.3%, Evangelical Protestant 13.7%, other 4.8%, none 3.2%.
• Costa Rica is a community of North American (US American and Canadian) and Australian retirees.
• Languages: Spanish, with a south western Caribbean Creole dialect of English spoken around the Limon area.
• Education: Years compulsory--9. Attendance--99% grades 1-6; 71% grades 7-9. Literacy--96%.
• Health: Infant mortality rate - 9.45/1,000. Life expectancy - men 74.61 yrs., women 79.94 yrs.
• Education is Costa Rica is rich due to the fact that there are no armed forces and the money was spent in education instead of an army.
• Drinking water Households 94%
• Population with access to public health. 95%
• Since the approval of CAFTA (Central American Free Trade Agreement ) in 2007 Costa Rica’s cell phone technology evolved from being only TDMA (oldest cell phone technology) to GSM AND 3G.
• In the software area of the Costa Rica has more than 100 companies, of which more than 60% have export experience.
• Better productions in the industry with the use of the technologies.
• Using technology data and high optical communications investment the countries is focused to reduce the government offices presence and increase the services by internet.
• high levels of biological diversity with some 12,000 species of plants, 1,239 species of butterflies, 838 species of birds, 440 species of reptiles and amphibians, and 232 species of mammals.
• In 1995, the government presented a plan to protect 18 percent of the country in national parks and another 13 percent in privately owned preserves.
• Some parks now have restrictions on the number of...