Domestic credit to private sector in United Arab Emirates
United Arab Emirates: Domestic credit to private sector was 65.5% in 2022. ▼ Falling
Domestic credit to private sector in United Arab Emirates, 2016–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2022, domestic credit to private sector in United Arab Emirates stood at 65.5%. That is the lowest value across all 7 years on record.
Compared with earlier readings it is down 14.1% on the previous year and down 20.1% over ten years.
United Arab Emirates ranks 50th of 187 countries on this measure, in the middle of the range.
Domestic credit to private sector in United Arab Emirates, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2016 | 81.9% | — |
| 2017 | 78.1% | -4.6% |
| 2018 | 74.0% | -5.3% |
| 2019 | 75.3% | +1.8% |
| 2020 | 88.8% | +18.0% |
| 2021 | 76.2% | -14.3% |
| 2022 | 65.5% | -14.1% |
United Arab Emirates compared with similar countries
- United Arab Emirates's 65.5% is above the median for high income countries, which is 65.0%, 1.0× the median. (61 countries reporting)
- United Arab Emirates's 65.5% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 56.5%, 1.2× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 77.3% | 74.0% | 81.9% | 4 |
| 2020s | 76.8% | 65.5% | 88.8% | 3 |
Countries ranked near United Arab Emirates
- 47 Kosovo 65.6% compare
- 47 Kosovo (UNSCR 1244) 65.6% compare
- 49 Samoa 65.5% compare
- 51 Saint Kitts and Nevis 65.0% compare
- 52 El Salvador 64.4% compare
- 53 Oman 63.2% 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 to private sector in United Arab Emirates?
- Domestic credit to private sector in United Arab Emirates was 65.5% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in United Arab Emirates?
- The highest recorded value was 88.8% in 2020.
- What is the lowest domestic credit to private sector recorded in United Arab Emirates?
- The lowest recorded value was 65.5% in 2022.
- How does United Arab Emirates rank for domestic credit to private sector?
- United Arab Emirates ranks 50th out of 187 countries with data for 2022.
- Is domestic credit to private sector rising or falling in United Arab Emirates?
- Over the last ten years it is down 20.1%. 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 to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include 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.