| Variables | Description | Sources |
| ECO/FR | Economic freedom (ECO/FR): It affects every aspect of an individual’s life. More economic freedom improves well-being and leads to a higher quality of life. | Economic freedom of the World: 2014 |
| EDUC | Education (EDUC): Percentage of school age children in secondary level has been used in many studies as a measure of educational level. | World Bank |
| GEO/DIS | Geographical distance (GEO/DIS): It is often an important component of many forms of spatial analyses in Business and Research. GEO/DIS measures the distance between point locations. | Worlfram alpha |
| MOBILE | Mobile usage (MOBILE): Mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service using cellular technology, which provide access to the public switched telephone network. Post-paid and prepaid subscriptions are included. | World Bank |
| GDP | Gross domestic Product: The gross domestic product (GDP) one of the primary indicatorsused to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period. | World Bank |
| IMP | Imports are goods purchased from other countries. Importation is the entry of goods from a place outside the territory. | World Bank |
| EXP | Export: Exporting is the act of producing goods or services in one country and selling or trading them to another country. | World Bank |
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| Hofstede’s dimensions | Geert Hofstede cultural dimension |
| PDI | Power Distance (PDI): It is defined as the extent to which the less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally. | Geert Hofstede cultural dimension |
| IDV | Individualism (IDV): The fundamental issue addressed by this dimension is the degree of interdependence a society maintains among its members. | Geert Hofstede cultural dimension |
| MAS | Masculinity (MAS): A high score (masculine) on this dimension indicates that the society will be driven by competition, achievement and success, with success being defined by the winner/best in field―a value system that starts in school and continues throughout organizational behavior. A low score (feminine) on the dimension means that the dominant values in society are caring for others and quality of life. A feminine society is one where quality of life is the sign of success and standing out from the crowd is not admirable. | Geert Hofstede cultural dimension |
| UAI | Uncertainty avoidance (UAI): The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. | Geert Hofstede cultural dimension |
| PRA | PAGMA: This dimension describes how every society has to maintain some links with its own past while dealing with the challenges of the present and future, and societies prioritize these two existential goals differently. | Geert Hofstede cultural dimension |
| POP | Population refers to a person with a job but did not exercise for different reasons, such as maternity leave and the unemployed are also part of the workforce. | World Bank |