It in Costa Rica

1. The e-commerce market estimated to reach US$2.5 trillion by 2018, a huge growth of 89.1% in only 4 years

According to a study conducted by ADEN Business School (which included 18 other countries in the region), Costa Rica is the fourth most competitive country in Latin America in 2012 and is part of a block of countries rated as having a "very good competitive level, with advances and developments in infrastructure, technology and macroeconomic stability".[6] The nation scored a 71.8 out of 100 on a study which measured competitiveness based on 10 criteria. Compared to the 2011 rank, Costa Rica went up by one position (from 5th to 4th).[6]

The Office for National Statistics (2013) have stated that in 2013, 73% of adults in the UK use the Internet everyday, which is twenty million people more than in 2006.

On the other hand, Yahoo! continues by far as the most popular way to find information on the web of any of the search engines and directories. With one of the smallest databases, Yahoo! gets more traffic than Lycos and AltaVista put together.

Location is simply where the place is it can be relative or absolute location. Relative location is where it is or what it’s next to or by. Absolute location is exactly where it is, it can be described with coordinates and even a specific address. Costa Rica is located in Central America. The absolute location is 10 degrees north of the equator and 84 degrees west. The relative location is between Nicaragua and panama in Central America. That is the absolute and relative location of Costa Rica.

Many aspects of this chart are intriguing as they relate to revenue opportunities for Xavier Derico Consulting. For example, reviewing the Latin America/Caribbean row, it is evident that Internet usage has grown exponentially in 11 years—identified by 1,205-percent growth. However, the market has only reached 40-percent market penetration. Thus, despite the growth, this market segment is essentially untapped. The following chart offers a closer look at the Latin America market:

Costa Rica is located in between the North Pacific Ocean on the left and the Caribbean Sea on the right, and also below Nicaragua and above Panama; Costa Rica is a vacation spot to many families and people. Costa Rica became a state in the Republic of Central America in 1823-1839. The state has many different races from black, white, mulatto, and many more. Spanish and English are the most spoken in Costa Rica. CIA.GOV states the leading religion is at 76.3% of Costa Ricans is Roman Catholic; following religion is Evangelical at 13.7%, and Jehovah's Witnesses 1.3%,0.7% of the population is other Protestant, all other religions fall under other religions at 4.8%, and 3.2% of the Costa Rica’s population do not belong to any organized

With a Spanish speaking population of 4,814,144, Costa Rica 's stable economy, political stability, high living standards, and developed social systems set it apart from other countries in Central America. The Costa Rican government hasn’t shied away from investing in it’s population through social spending. Costa Rica has made incredible development toward accomplishing its goal of delivering widespread access to schooling, healthcare, clean water, trash disposal, and energy. (The World Fact Book, 2016) Since the 1970s, growth of these service industries has led to a speedy regression in infant death, longer life expectancy, and

Costa Rica, like every other country, has some challenges and opportunities when doing business. Although Costa Rica is known to be a relatively stable Central American country, it does of course, also have a number of pressing, but unresolved issues. It has been subject to economic and political challenges present in Latin America in general, experienced pressure from political instability in Nicaragua and Panama, and has often experienced high internal and external debt, as well as significant inflation. ”In 2014 inflation as measured with interannual variation of the Consumer Price Index was 5.1%,placing it slightly above the target range (4±1 percentage points)”

Costa Rica, a country of Central America, covers an area of 19,730 square miles. The capital is San José. Extending from northwest to southeast, Costa Rica is bounded on the north by Nicaragua, along its 185-mile northeastern coastline by the Caribbean Sea, on the southeast by Panama, and along its 630-mile southwestern coastline by the Pacific Ocean.

The last 15 years in Costa Rica have brought about many changes in the economy. Costa Rica is the only country in Central America to have industry profits out number agriculture as the main source of revenue. Technology and tourism account for the main Gross National Product (GNP) producers respectively. The Gross Domestic Product (GDP) is 2001 was $15.2 billion. The inflation rate for 2001 was 11%. Per capita income in 2001 was $3850 U.S. The currency in Costa Rica is the Costa Rican Colon (CRC) and the U.S. dollar. Total exports to the U.S. in 2001 were $3 billion with imports from the U.S. at $3.2 billion. The current exchange rate with the U.S. dollar is $1 U.S. equals 437 Costa Rican Colons. Costa Rica invested approximately $531 million in the U. S. in 2001 with U.S. investors spending approximately $781 million in/on Costa Rican investments. Tourism in Costa Rica generates approximately $2 billion a year with tourists numbering over 1 million. Hotel chain giants such as Marriott, Hilton, and Four Seasons are generating very nice profits in Costa Rica with each successive year better than the last. Other major investors are Itel (employs 2,000 people at a $300 million dollar processor plant), Microsoft, Proctor and Gamble, Unysis, and Acer.

In the months of November and December 2015 in Paris, the Costa Rica was one of the leading nations to discuss the importance environmental protection around the world. When one visits Costa Rica it is easy to understand why the Costa Ricans, “Ticos” were key figures in the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change, COP2 in Paris in 2015. The Costa Ricans have worked hard to repair and preserve their nation’s rainforest, cloud-forest, coral reefs, and much more. However, these are recent developments and when personally visiting Costa Rica I was able to talk to many Ticos, two of which were an ecologist working in La Fortuna, and a marine biologist who instructed at the Universidad Veritas.

From Table 1a, we can see that for internet access by age, the 18-29 age group dominates with the highest percentage for all the foreign countries. The highest percentage of internet access for the age group 18-29 is found in China, Argentina, and Russia with 92% of the survey participants in that age group being internet users. The lowest percentage of internet access for the age group 18-29 is found in the countries Uganda with 18% and Pakistan with 14%. For the second part of Table 1a, it is evident that the age group 18-29 also has the greatest percentage of people that use social networking sites. The highest percentage of social media usage for age group 18-29 is found in Russia with 89% and Argentina with 80%. The lowest percentage is found in, once again, Uganda with 12% and Pakistan with 6%.

From looking at figure 5 a varity of trends can be shown. When focusing on internet users a very slow rate of growth can be shown, this may be due to the small amount of countries that are able to get access to the World Wide Web due to connections. Over a 10 year period from 1998 to 2008 there can be seen a major rise in the use of the internet. As the internet is a relatively new device it is clear that those less developed countries would take time to get hold of it. 1990 was quite early for a developing country to use the internet but is is clear as the world has become more globalized and developed the internet usage has shot up. This is due to a technological advance around the world and slowly the developing countries got hold of

Quality of life in Costa Rica is high. Costa Rica provides series of tax incentives for encouragement of foreign investment, making it a very