Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for United Arab Emirates
AREFCAODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,680.42
Year-over-Year Change
69.08%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of deposit accounts per 1,000 adults held at commercial banks in the United Arab Emirates. It provides insights into financial inclusion and the use of banking services within the UAE population.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for United Arab Emirates' tracks the level of access to basic financial services in the UAE. This metric is an important indicator of financial inclusion and can inform policy decisions aimed at expanding access to banking for underserved populations.
Methodology
The data is collected and reported by the Central Bank of the United Arab Emirates.
Historical Context
This indicator is widely used by policymakers, economists, and financial institutions to assess the development of the UAE's banking sector and financial infrastructure.
Key Facts
- The UAE had 1,471 deposit accounts per 1,000 adults in 2021.
- Financial inclusion has been a key priority for the UAE government.
- Access to banking services is higher in the UAE compared to many other Middle Eastern countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts per 1,000 adults held at commercial banks in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the level of access to basic banking services within the UAE population, which is an important indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the United Arab Emirates.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and financial institutions to assess the development of the UAE's banking sector and financial infrastructure.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of the UAE, but there may be some delays in reporting and availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for United Arab Emirates (AREFCAODCANUM), retrieved from FRED.