United Arab Emirates's monetary sector credit to private sector (% of GDP) was 67.97% in 2024, the latest year in the World Bank's World Development Indicators. That is up 6.51 percentage points from 61.45% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 67.97% | 2024 |
| Five years earlier | 72.73% | 2019 |
| Ten years earlier | 61.45% | 2014 |
| Highest | 86.03% | 2020 |
| Lowest | 7.29% | 1974 |
| Average since 2015 | 72.88% | 2015–2024 |
| First recorded | 9.62% | 1973 |
What the numbers say
In 2024, United Arab Emirates' monetary sector credit to private sector (% of GDP) rose 1.9 percentage points on 2023 (from 66.07% to 67.97%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.26 percentage points and a typical year strayed about 7.29 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above 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 16.86 percentage points in 2009 and the biggest yearly fall was 14.39 percentage points in 2010. 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 there is no clear straight-line trend: a straight line explains 26% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 15th highest value of the 46 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.
| Value | Year | |
|---|---|---|
| United Arab Emirates | 67.97% | 2024 |
| World | 90.64% | 2024 |
| High income | 72.89% | 2024 |
Closest to United Arab Emirates in the 2024 ranking
What this measures
Domestic credit to private sector refers to financial resources provided to the private sector, 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.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 52 values
| Year | Monetary sector credit to private sector (% of GDP) |
|---|---|
| 2024 | 67.97 |
| 2023 | 66.07 |
| 2022 | 63.55 |
| 2021 | 73.86 |
| 2020 | 86.03 |
| 2019 | 72.73 |
| 2018 | 71.19 |
| 2017 | 74.78 |
| 2016 | 78.47 |
| 2015 | 74.14 |
| 2014 |
Monetary sector credit to private sector (% of GDP) in nearby economies
- Afghanistan — 3.1% (2020)
- Algeria — 19.59% (2025)
- Bahrain — 70.55% (2015)
- Djibouti — 25.16% (2025)
- Egypt, Arab Rep. — 25.84% (2025)
- Iran, Islamic Rep. — 57.83% (2016)
- Iraq — 13.99% (2024)
- Israel — 72.47% (2025)
- Jordan — 71.31% (2025)
- Kuwait
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 monetary sector credit to private sector (% of GDP)?
- 67.97% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1973?
- It is up 58.35 percentage points from 9.62% in 1973. The highest value was 86.03% in 2020 and the lowest 7.29% in 1974.
- How does United Arab Emirates rank?
- 15th highest of 46 economies with data for 2024.
- Is the latest change in monetary sector credit to private sector (% of GDP) unusual for United Arab Emirates?
- In 2024, United Arab Emirates' monetary sector credit to private sector (% of GDP) rose 1.9 percentage points on 2023 (from 66.07% to 67.97%). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.26 percentage points and a typical year strayed about 7.29 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above 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.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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