United Arab Emirates - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in United Arab Emirates was 85.62 as of 2020. Its highest value over the past 45 years was 85.62 in 2020, while its lowest value was 9.76 in 1975.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1975 9.76
1976 13.79
1977 16.29
1978 21.03
1979 17.80
1980 15.57
1981 16.51
1982 18.53
1983 21.30
1984 21.75
1985 22.56
1986 29.08
1987 29.18
1988 31.91
1989 30.28
1990 25.20
1991 26.75
1992 26.98
1993 28.25
1994 29.32
1995 29.73
1996 29.22
1997 31.07
1998 36.85
1999 35.56
2000 31.27
2001 34.41
2002 36.10
2003 36.16
2004 37.71
2005 43.76
2006 47.29
2007 56.03
2008 67.61
2009 84.46
2010 74.42
2011 63.60
2012 60.52
2013 60.03
2014 64.78
2015 79.07
2016 83.89
2017 78.22
2018 74.28
2019 75.65
2020 85.62

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets