Domestic credit to private sector by banks in United Arab Emirates
United Arab Emirates: Domestic credit to private sector by banks was 68.0% in 2024. ◆ Volatile
Domestic credit to private sector by banks in United Arab Emirates, 1973–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
United Arab Emirates recorded 68.0% for domestic credit to private sector by banks in 2024.
Compared with earlier readings it is up 2.9% on the previous year and up 10.6% over ten years.
Over the whole period, domestic credit to private sector by banks in United Arab Emirates peaked at 86.0% in 2020 and was at its lowest, 7.3%, in 1974.
United Arab Emirates ranks 41st of 187 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in United Arab Emirates, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1973 | 9.6% | — |
| 1974 | 7.3% | -24.3% |
| 1975 | 9.8% | +33.9% |
| 1976 | 13.8% | +41.3% |
| 1977 | 16.3% | +18.2% |
| 1978 | 21.0% | +29.1% |
| 1979 | 17.8% | -15.3% |
| 1980 | 15.6% | -12.5% |
| 1981 | 16.5% | +6.0% |
| 1982 | 18.5% | +12.2% |
| 1983 | 21.3% | +14.9% |
| 1984 | 21.8% | +2.1% |
| 1985 | 22.6% | +3.7% |
| 1986 | 29.1% | +28.9% |
| 1987 | 29.2% | +0.4% |
| 1988 | 31.9% | +9.4% |
| 1989 | 30.3% | -5.1% |
| 1990 | 25.2% | -16.8% |
| 1991 | 26.7% | +6.2% |
| 1992 | 27.0% | +0.9% |
| 1993 | 28.3% | +4.7% |
| 1994 | 29.3% | +3.8% |
| 1995 | 29.7% | +1.4% |
| 1996 | 29.2% | -1.7% |
| 1997 | 31.1% | +6.3% |
| 1998 | 36.9% | +18.6% |
| 1999 | 35.6% | -3.5% |
| 2000 | 31.3% | -12.1% |
| 2001 | 34.4% | +10.0% |
| 2002 | 36.1% | +4.9% |
| 2003 | 36.2% | +0.2% |
| 2004 | 37.7% | +4.3% |
| 2005 | 43.8% | +16.0% |
| 2006 | 47.3% | +8.1% |
| 2007 | 56.0% | +18.5% |
| 2008 | 67.6% | +20.7% |
| 2009 | 84.5% | +24.9% |
| 2010 | 70.1% | -17.0% |
| 2011 | 60.5% | -13.7% |
| 2012 | 57.7% | -4.5% |
| 2013 | 57.2% | -1.0% |
| 2014 | 61.5% | +7.5% |
| 2015 | 74.1% | +20.6% |
| 2016 | 78.5% | +5.8% |
| 2017 | 74.8% | -4.7% |
| 2018 | 71.2% | -4.8% |
| 2019 | 72.7% | +2.2% |
| 2020 | 86.0% | +18.3% |
| 2021 | 73.9% | -14.2% |
| 2022 | 63.6% | -13.9% |
| 2023 | 66.1% | +4.0% |
| 2024 | 68.0% | +2.9% |
United Arab Emirates compared with similar countries
- United Arab Emirates's 68.0% is above the median for high income countries, which is 64.3%, 1.1× the median. (61 countries reporting)
- United Arab Emirates's 68.0% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 56.4%, 1.2× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.7% | 7.3% | 21.0% | 7 |
| 1980s | 23.7% | 15.6% | 31.9% | 10 |
| 1990s | 29.9% | 25.2% | 36.9% | 10 |
| 2000s | 47.5% | 31.3% | 84.5% | 10 |
| 2010s | 67.8% | 57.2% | 78.5% | 10 |
| 2020s | 71.5% | 63.6% | 86.0% | 5 |
Countries ranked near United Arab Emirates
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 to private sector by banks in United Arab Emirates?
- Domestic credit to private sector by banks in United Arab Emirates was 68.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in United Arab Emirates?
- The highest recorded value was 86.0% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in United Arab Emirates?
- The lowest recorded value was 7.3% in 1974.
- How does United Arab Emirates rank for domestic credit to private sector by banks?
- United Arab Emirates ranks 41st out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in United Arab Emirates?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is volatile.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.