Bank Deposits to GDP for United Arab Emirates
DDOI02AEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.97
Year-over-Year Change
90.81%
Date Range
1/1/1975 - 1/1/2020
Summary
The bank deposits to GDP ratio measures the total value of deposits held in banks as a percentage of a country's gross domestic product. This metric provides insights into the financial depth and intermediation of an 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 bank deposits to GDP ratio is a key indicator of financial development and the role of the banking sector in a national economy. It demonstrates the level of public trust and participation in the formal banking system, as well as the overall level of financial intermediation.
Methodology
This data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this metric to assess the financial stability and growth potential of an economy.
Key Facts
- Bank deposits in UAE were 97.8% of GDP in 2020.
- The UAE has one of the highest bank deposit to GDP ratios globally.
- This ratio has grown steadily in the UAE over the past decade.
FAQs
Q: What does this economic trend measure?
A: The bank deposits to GDP ratio measures the total value of deposits held in banks as a percentage of a country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial depth and intermediation of an economy, reflecting public trust and participation in the formal banking system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial stability and growth potential of an economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for United Arab Emirates (DDOI02AEA156NWDB), retrieved from FRED.