The economic indices mentioned above and others share commonalities in that they provide quantitative data releases of important economic variables so that they will be out here useful for economists, analysts, investors, and policymakers. These indices are the key statistics that indicate the direction of an economy as they are used to adjust many cash flow mechanisms.
RealSoft implemented several economic surveys crowned by their impressive implementation of the CPI solution. The solution provided a fully automated package to define, collect, process and calculate the CPI index through user-friendly desktop and mobile applications. And as a result of the CPI system coverage, it has been adopted by the statistical departments of many countries like; Jordan, Oman, KSA, Kuwait, and Iraq.
Besides, RealSoft has successfully implemented the Household Income and Expenditure Survey for the Ministry of National Economy Oman. This survey produced several data about the income and expenditure patterns of households, by gathering related information such as demographic and economic characteristics of the population and housing, facilities and appliances, sources of Income, daily spending expenses, and others.
More economic indicators were studied and analyzed lately through the Comprehensive survey 2014-2017, where a wide range of statistical topics and indicators were covered through many surveys. The surveys include job rotation, Job seekers, and others.
Economic data is usually collected through visits conducted by well-trained mobile staff.
The solutions have well-defined process flow where fully automated systems are designed to handle all the processes, from data collection, processing, monitoring, and reporting to indices calculation.
The solutions allow users to define the sources and type of data required to calculate each index, all along with full descriptions and based on international coding standards.
Our economic and statistical offerings have high-quality outputs, which are accompanied by methodologies to process and validate the collected data in many stages.
The calculation of indices stands on the latest statistical equations used in the field and can be customized according to the ones used by the clients.