Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for United Arab Emirates
AREFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,521,902,000,000.00
Year-over-Year Change
135.75%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held at commercial banks in the United Arab Emirates. It provides insights into the financial services usage and liquidity levels within the UAE's banking system.
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, Liabilities: Outstanding Deposits at Commercial Banks for the United Arab Emirates tracks the total value of deposit liabilities held by commercial banks operating in the UAE. This metric offers visibility into the overall level of financial intermediation and liquidity in the UAE's economy.
Methodology
The data is collected and reported by the Central Bank of the United Arab Emirates.
Historical Context
Policymakers and analysts use this metric to monitor the health and stability of the UAE's banking sector and broader financial system.
Key Facts
- The UAE has a highly developed and stable banking sector.
- Commercial bank deposits represent a major source of liquidity in the UAE economy.
- Deposit levels are closely watched by policymakers and regulators.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit liabilities held by commercial banks operating in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall level of financial intermediation and liquidity in the UAE's economy, which is of interest to policymakers, economists, and investors.
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 and analysts use this metric to monitor the health and stability of the UAE's banking sector and broader financial system.
Q: Are there update delays or limitations?
A: The data is published with a short delay by the Central Bank of the UAE.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for United Arab Emirates (AREFCLODCXDC), retrieved from FRED.