Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for United Arab Emirates
AREFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.20
Year-over-Year Change
68.72%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in the United Arab Emirates, providing insights into the financial services usage and economic activity in the region.
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 outstanding deposits with commercial banks in the UAE is an important indicator of financial services utilization and overall economic conditions. It reflects the level of savings, investment, and liquidity in the UAE's banking system.
Methodology
The data is collected and reported by the UAE Central Bank.
Historical Context
This metric is closely monitored by policymakers, financial institutions, and economists to assess the health of the UAE's financial sector and broader economy.
Key Facts
- The UAE has a highly developed banking sector.
- Commercial bank deposits are a key source of funding for loans and investments.
- Deposit levels reflect consumer and business confidence in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by commercial banks in the United Arab Emirates. It reflects the level of savings, liquidity, and financial intermediation in the UAE economy.
Q: Why is this trend relevant for users or analysts?
A: The level of commercial bank deposits is an important indicator of financial sector health, consumer and business confidence, and overall economic activity in the UAE.
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: Policymakers, central banks, and financial institutions closely monitor deposit levels to assess liquidity, credit conditions, and the stability of the banking system, informing monetary and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the reference period. The metrics may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for United Arab Emirates (AREFCLODCGGDPPT), retrieved from FRED.