Domestic credit provided by financial sector in United Arab Emirates
United Arab Emirates: Domestic credit provided by financial sector was 78.1% in 2022. ▼ Falling
Domestic credit provided by financial sector in United Arab Emirates, 2016–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in United Arab Emirates is 78.1%, measured in 2022. That is the lowest value across all 7 years on record.
The figure is down 21.3% on the previous year and down 23.5% over ten years.
United Arab Emirates ranks 22nd of 65 countries on this measure, in the middle of the range.
Domestic credit provided by financial sector in United Arab Emirates, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2016 | 102.1% | — |
| 2017 | 97.1% | -4.9% |
| 2018 | 86.6% | -10.8% |
| 2019 | 92.7% | +7.0% |
| 2020 | 115.6% | +24.8% |
| 2021 | 99.3% | -14.1% |
| 2022 | 78.1% | -21.3% |
United Arab Emirates compared with similar countries
- United Arab Emirates's 78.1% is below the median for high income countries, which is 84.0%, 93% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 94.6% | 86.6% | 102.1% | 4 |
| 2020s | 97.7% | 78.1% | 115.6% | 3 |
Countries ranked near United Arab Emirates
- 19 Armenia 83.0% compare
- 20 Namibia 80.4% compare
- 21 North Macedonia 79.4% compare
- 23 Bolivia, Plurinational State of 77.5%
- 24 Brunei Darussalam 76.3% compare
- 25 Colombia 75.8% compare
More financial sector data for United Arab Emirates
- Reserve position in the IMF, US dollar, annual growth rate 3.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2024)
- Reserve position in the IMF, US dollar, per capita 69.02 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -1.84 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2024)
- Reserve position in the IMF, SDR, per capita 50.4 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 3.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2024)
- Reserve tranche position, US dollar, per capita 69.02 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -1.84 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in United Arab Emirates?
- Domestic credit provided by financial sector in United Arab Emirates was 78.1% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in United Arab Emirates?
- The highest recorded value was 115.6% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in United Arab Emirates?
- The lowest recorded value was 78.1% in 2022.
- How does United Arab Emirates rank for domestic credit provided by financial sector?
- United Arab Emirates ranks 22nd out of 65 countries with data for 2022.
- Is domestic credit provided by financial sector rising or falling in United Arab Emirates?
- Over the last ten years it is down 23.5%. The long-run trend across the full record is falling.
- Where does this United Arab Emirates data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.