Financial System Deposits to GDP for United Arab Emirates
DDDI08AEA156NWDB • 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 Financial System Deposits to GDP trend measures the total value of deposits held in the financial system of the United Arab Emirates as a percentage of its gross domestic product. This metric provides insight into the depth and size of the UAE's financial intermediation.
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 Financial System Deposits to GDP indicator represents the total value of demand, time and saving deposits in deposit money banks and other financial institutions as a share of the country's GDP. It is a widely used measure of financial development and the degree of financial intermediation in an economy.
Methodology
This data is collected and calculated by the World Bank using information reported by national central banks and statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the stability and growth of the UAE's financial sector and its ability to mobilize savings for productive investment.
Key Facts
- UAE's financial system deposits were 75.3% of GDP in 2020.
- This ratio has grown from 50.5% in 2000, indicating financial deepening.
- The UAE has one of the most developed financial sectors in the Middle East.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP trend measures the total value of deposits held in the financial system of the United Arab Emirates as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and size of the UAE's financial intermediation, which is an important indicator of financial sector development and the ability to mobilize savings for investment.
Q: How is this data collected or calculated?
A: The World Bank collects this data from reports by the UAE's central bank and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the stability and growth of the UAE's financial sector and its ability to support economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years due to the time required for collection and reporting by national authorities.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for United Arab Emirates (DDDI08AEA156NWDB), retrieved from FRED.