Percentage of Foreign Banks Among Total Banks for United Arab Emirates
DDOI13AEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
22.22%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign banks among total banks in the United Arab Emirates. It provides insights into the level of foreign bank participation in the UAE's banking sector.
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 percentage of foreign banks among total banks is an important indicator of the openness and internationalization of a country's banking system. It can reflect the degree of foreign investment and competition in the domestic financial sector.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This trend is used by economists, policymakers, and financial analysts to assess the structure and dynamics of the UAE's banking industry.
Key Facts
- The UAE has a relatively high percentage of foreign banks.
- Foreign bank participation has increased over the past decade.
- The presence of foreign banks can impact domestic competition and financial stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign banks among the total number of banks operating in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: The percentage of foreign banks is an important indicator of the openness and internationalization of a country's banking sector, which can have implications for competition, financial stability, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the structure and dynamics of the UAE's banking industry, which can inform decisions about financial regulation, foreign investment policies, and strategies for promoting a competitive and stable financial sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent data being available.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for United Arab Emirates (DDOI13AEA156NWDB), retrieved from FRED.