United Arab Emirates's broad money to total reserves ratio was 2.65 in 2024, the latest year in the World Bank's World Development Indicators. That is down 32.19% from 3.91 in 2014 (3.81% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.65 | 2024 |
| Five years earlier | 3.55 | 2019 |
| Ten years earlier | 3.91 | 2014 |
| Highest | 7.6 | 2009 |
| Lowest | 1.96 | 2007 |
| Average since 2015 | 3.4 | 2015–2024 |
| First recorded | 6.16 | 1973 |
What the numbers say
In 2024, United Arab Emirates' broad money to total reserves ratio fell 0.26 on 2023 (from 2.91 to 2.65).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.000061 and a typical year strayed about 0.96 from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 3.83 in 2008 and the biggest yearly fall was 2.79 in 1974. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 0.1 a year. A straight line explains 60% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, United Arab Emirates had the 24th highest value of the 41 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to United Arab Emirates in the 2024 ranking
What this measures
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).
All 52 values
| Year | Broad money to total reserves ratio |
|---|---|
| 2024 | 2.65 |
| 2023 | 2.91 |
| 2022 | 3.35 |
| 2021 | 3.25 |
| 2020 | 3.77 |
| 2019 | 3.55 |
| 2018 | 3.58 |
| 2017 | 3.64 |
| 2016 | 3.91 |
| 2015 | 3.44 |
| 2014 |
Broad money to total reserves ratio in nearby economies
More financial sector data for United Arab Emirates
- Official exchange rate (LCU per US$, period average) — US$3.67 (2025)
- DEC alternative conversion factor (LCU per US$) — US$3.67 (2024)
- GDP deflator (base year varies by country) — 114.18 (2024)
- Inflation, GDP deflator (annual % growth) — 1.63% (2024)
- Net domestic credit (current LCU) — 1.8 trillion (2025)
- Net foreign assets (current LCU) — 1.8 trillion (2025)
- Broad money (current LCU) — 2.75 trillion (2025)
- Domestic credit to private sector by banks (% of GDP) — 67.97% (2024)
- Claims on central government (annual growth as % of broad money)
Reading data like this
Questions people ask
- What is United Arab Emirates's broad money to total reserves ratio?
- 2.65 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1973?
- It is down 56.96% from 6.16 in 1973 (1.64% a year on average, compounded). The highest value was 7.6 in 2009 and the lowest 1.96 in 2007.
- How does United Arab Emirates rank?
- 24th highest of 41 economies with data for 2024.
- Is the latest change in broad money to total reserves ratio unusual for United Arab Emirates?
- In 2024, United Arab Emirates' broad money to total reserves ratio fell 0.26 on 2023 (from 2.91 to 2.65). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.000061 and a typical year strayed about 0.96 from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FM.LBL.BMNY.IR.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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