Geographical Outreach: Number of Commercial Banks for United Arab Emirates
AREFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
15.09%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of commercial banks operating in the United Arab Emirates. It provides valuable insights into the growth and stability of the country's banking sector, which is crucial for economic development and financial stability.
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 Geographical Outreach: Number of Commercial Banks for United Arab Emirates trend tracks the total number of commercial banks with physical branches or offices within the UAE. This metric is widely used by economists, policymakers, and financial analysts to assess the depth and accessibility of the UAE's banking system.
Methodology
The data is collected by the Central Bank of the United Arab Emirates through its regulatory oversight of the country's banking industry.
Historical Context
This trend is closely monitored by the UAE government, central bank, and international financial institutions to gauge the overall health and competitiveness of the UAE's financial sector.
Key Facts
- The UAE has one of the most developed banking sectors in the Middle East region.
- The number of commercial banks in the UAE has grown steadily over the past decade.
- The UAE's banking industry is dominated by large, well-capitalized institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating with physical branches or offices within the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in the UAE is a key indicator of the depth and accessibility of the country's banking system, which is crucial for economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the United Arab Emirates through its regulatory oversight of the country's banking industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the UAE government, central bank, and international financial institutions to gauge the overall health and competitiveness of the UAE's financial sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of the UAE, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for United Arab Emirates (AREFCIODCNUM), retrieved from FRED.