Private Credit by Deposit Money Banks to GDP for United Arab Emirates
DDDI01AEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.62
Year-over-Year Change
27.64%
Date Range
1/1/1975 - 1/1/2020
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to GDP in the United Arab Emirates. It provides insights into the size and development of the country's financial sector and its role in supporting economic growth.
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 private credit to GDP ratio is a key indicator of financial depth and intermediation in an economy. It reflects the degree to which the banking system is able to channel funds from savers to private borrowers, which is crucial for investment and economic activity.
Methodology
The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Historical Context
This trend is widely used by policymakers, analysts, and investors to assess the financial development and stability of the UAE economy.
Key Facts
- Private credit to GDP ratio in the UAE was 74.3% in 2020.
- The ratio has increased from 51.4% in 2000, indicating financial deepening.
- Access to bank credit is crucial for private investment and economic diversification in the UAE.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the ability of the banking system to channel funds to private borrowers, which is essential for investment and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use this trend to assess the financial depth and stability of the UAE economy, which is crucial for supporting private investment and economic diversification.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of around 1-2 years. There may be some limitations in terms of data quality and consistency across countries.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for United Arab Emirates (DDDI01AEA156NWDB), retrieved from FRED.