Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for United Arab Emirates
AREFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,526.96
Year-over-Year Change
85.88%
Date Range
1/1/2009 - 1/1/2023
Summary
This trend measures the number of household deposit accounts with commercial banks per 1,000 adults in the United Arab Emirates. It provides insights into financial inclusion and the usage of formal banking services by the population.
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 number of household deposit accounts with commercial banks per 1,000 adults is an indicator of financial inclusion and the level of engagement with the formal banking system. It reflects the accessibility and usage of basic financial services by the general population.
Methodology
The data is collected through surveys and reporting by commercial banks in the United Arab Emirates.
Historical Context
This metric is useful for policymakers and financial institutions to assess financial access and monitor progress toward greater financial inclusion.
Key Facts
- The UAE had 1,427 household deposit accounts per 1,000 adults in 2020.
- Financial inclusion has been a key policy priority in the UAE in recent years.
- Access to basic banking services remains an important development goal globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household deposit accounts with commercial banks per 1,000 adults in the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the level of engagement with the formal banking system by the general population, which is important for policymakers and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by commercial banks in the United Arab Emirates.
Q: How is this trend used in economic policy?
A: This metric is useful for policymakers and financial institutions to assess financial access and monitor progress toward greater financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or delays, and the coverage and methodology may vary across different countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for United Arab Emirates (AREFCAODCHANUM), retrieved from FRED.