Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for United Arab Emirates
AREFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,133,000,000.00
Year-over-Year Change
1268.12%
Date Range
1/1/2007 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at financial institutions other than central banks in the United Arab Emirates. It provides insights into the overall level of financial intermediation and activity in the UAE economy.
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 Other Deposit Takers for the United Arab Emirates tracks the total value of deposits held at financial institutions such as commercial banks, credit unions, and other non-central bank deposit-taking entities. This metric offers a window into the scale and health of the UAE's broader financial system.
Methodology
The data is collected through surveys and regulatory reporting from UAE financial institutions.
Historical Context
Policymakers and analysts use this trend to monitor the depth and stability of the UAE's financial markets.
Key Facts
- The UAE had over $600 billion in outstanding deposits at other deposit takers as of 2022.
- Deposits have grown by over 50% in the UAE since 2015.
- The UAE has one of the most developed financial sectors in the Middle East region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at financial institutions other than the central bank in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: The level of deposits at non-central bank financial institutions provides insights into the overall scale and health of the UAE's financial system, which is critical for economic policymaking and investment analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting from UAE financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the depth and stability of the UAE's financial markets, which informs decisions around monetary policy, financial regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period. There may be some limitations in coverage of smaller or informal financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for United Arab Emirates (AREFCLODDXDC), retrieved from FRED.