United Arab Emirates M2 Growth

1992 - 2024 | Monthly | % | CEIC Data

Key information about United Arab Emirates M2 Growth

  • United Arab Emirates Money Supply M2 increased 20.3 % YoY in Feb 2024, compared with a growth of 17.9 % in the previous month
  • United Arab Emirates Money Supply M2 growth data is updated monthly, available from Jun 1992 to Feb 2024
  • The data reached an all-time high of 47.6 % in Jan 2008 and a record low of -4.2 % in Feb 1994

CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of United Arab Emirates provides M2 in local currency. M2 Growth prior to December 2015 includes Commercial Prepayments and Margin Deposits.


Further information about United Arab Emirates M2 Growth

  • In the latest reports, United Arab Emirates Foreign Exchange Reserves was measured at 187.9 USD bn in Feb 2024
  • The Foreign Exchange Reserves equaled 4.9 Months of Import in Sep 2023
  • United Arab Emirates Domestic Credit reached 418.9 USD bn in Feb 2024, representing an increased of 2.8 % YoY
  • The country's Non Performing Loans Ratio stood at 5.3 % in Dec 2023, compared with the ratio of 5.9 % in the previous quarter
  • Household Debt of United Arab Emirates reached 457.5 USD bn in Apr 2023, accounting for 106.2 % of the country's Nominal GDP

View United Arab Emirates's M2 Growth from Jun 1992 to Feb 2024 in the chart:

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United Arab Emirates M2 Growth
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United Arab Emirates M2 Growth

What was United Arab Emirates's M2 Growth in Feb 2024?

United Arab Emirates Money Supply M2 increased 20.3 % YoY in Feb 2024, compared with a growth of 17.9 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
20.3 Feb 2024 17.9 Jan 2024 -4.2 Feb 1994 47.6 Jan 2008 % monthly Jun 1992 - Feb 2024

M2 Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 4.7 Feb 2024 monthly Dec 1994 - Feb 2024
Algeria (%) 14.5 Dec 2022 monthly Jan 2002 - Dec 2022
Argentina (%) 200.6 Feb 2024 monthly Jan 1991 - Feb 2024
Armenia (%) 20.8 Nov 2023 monthly Jan 2003 - Nov 2023
Australia (%) 4.8 Mar 2024 monthly Mar 1966 - Mar 2024
Austria (%) 0.3 Mar 2024 monthly Sep 1998 - Mar 2024
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) -0.5 Feb 2024 monthly Dec 1975 - Feb 2024
Bangladesh (%) 8.9 Feb 2024 monthly Jun 1987 - Feb 2024
Belarus (%) 31.8 Mar 2024 monthly Dec 1990 - Mar 2024
Belgium (%) -1.7 Mar 2024 monthly Dec 1997 - Mar 2024
Bolivia (%) 14.6 Feb 2024 monthly Dec 1988 - Feb 2024
Bosnia and Herzegovina (%) 9.3 Mar 2024 monthly Aug 1998 - Mar 2024
Botswana (%) 9.2 Dec 2023 monthly Jan 2002 - Dec 2023
Brazil (%) 14.6 Mar 2024 monthly Jan 1971 - Mar 2024
Bulgaria (%) 8.0 Mar 2024 monthly Dec 1996 - Mar 2024
Cambodia (%) 14.9 Feb 2024 monthly Jan 1996 - Feb 2024
Canada (%) 3.8 Feb 2024 monthly Jan 1969 - Feb 2024
Chile (%) 6.2 Mar 2024 monthly Jan 1987 - Mar 2024
China (%) 8.3 Mar 2024 monthly Mar 1997 - Mar 2024
Colombia (%) 6.9 Mar 2024 monthly Dec 1980 - Mar 2024
Croatia (%) 4.9 Mar 2024 monthly Jun 1995 - Mar 2024
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 7.7 Mar 2024 monthly Jan 2003 - Mar 2024
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 6.3 Feb 2024 monthly Dec 2007 - Feb 2024
Egypt (%) 25.4 Mar 2024 monthly Jan 1997 - Mar 2024
Estonia (%) 4.9 Mar 2024 monthly Jan 2012 - Mar 2024
European Union (%) -0.7 Feb 2024 monthly Jan 1981 - Feb 2024
Finland (%) -16.2 Mar 2024 monthly Jan 1981 - Mar 2024
France (%) -1.3 Mar 2024 monthly Dec 1978 - Mar 2024
Georgia (%) 28.4 Mar 2024 monthly Oct 1996 - Mar 2024
Germany (%) 0.3 Mar 2024 monthly Jan 1970 - Mar 2024
Ghana (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Greece (%) 0.9 Mar 2024 monthly Jan 2002 - Mar 2024
Hong Kong SAR, China (%) 3.4 Mar 2024 monthly Dec 1981 - Mar 2024
Hungary (%) 3.8 Mar 2024 monthly Jan 1999 - Mar 2024
Iceland (%) 10.6 Mar 2024 monthly Sep 1987 - Mar 2024
India (%) 6.5 Feb 2024 monthly Mar 1995 - Feb 2024
Indonesia (%) 5.3 Feb 2024 monthly Feb 1969 - Feb 2024
Iran (%) 27.5 Feb 2024 monthly Dec 2000 - Feb 2024
Ireland (%) 4.0 Mar 2024 monthly Jan 2000 - Mar 2024
Israel (%) -5.8 Nov 2023 monthly Apr 1982 - Nov 2023
Italy (%) -2.2 Jan 2024 monthly Dec 1975 - Jan 2024
Ivory Coast (%) 3.3 Feb 2024 monthly Jan 2005 - Feb 2024
Japan (%) 2.5 Mar 2024 monthly Jan 1968 - Mar 2024
Jordan (%) 3.6 Mar 2024 monthly Jan 1991 - Mar 2024
Kazakhstan (%) 15.7 Mar 2024 monthly Dec 1994 - Mar 2024
Kenya (%) 9.0 Feb 2024 monthly Dec 1996 - Feb 2024
South Korea (%) 4.4 Feb 2024 monthly Jan 1971 - Feb 2024
Kosovo (%) 11.7 2022 yearly 2002 - 2022
Kuwait (%) 1.2 Mar 2024 monthly Jan 1995 - Mar 2024
Kyrgyzstan (%) 17.0 Jan 2024 monthly Jan 1995 - Jan 2024
Laos (%) 33.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 3.2 Mar 2024 monthly Jan 2015 - Mar 2024
Lebanon (%) -5.5 Nov 2023 monthly Dec 1980 - Nov 2023
Lithuania (%) 3.3 Mar 2024 monthly Dec 1994 - Mar 2024
Luxembourg (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 4.1 Feb 2024 monthly Jun 1985 - Feb 2024
North Macedonia (%) 6.1 Mar 2024 monthly Jan 2004 - Mar 2024
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 6.1 Mar 2024 monthly Dec 1970 - Mar 2024
Malta (%) 3.9 Mar 2024 monthly Jan 2009 - Mar 2024
Mauritius (%) 6.6 Feb 2024 monthly Jul 1977 - Feb 2024
Mexico (%) 11.7 Mar 2024 monthly Dec 1986 - Mar 2024
Moldova (%) 17.2 Mar 2024 monthly Jan 2001 - Mar 2024
Mongolia (%) 20.9 Mar 2024 monthly Dec 1997 - Mar 2024
Montenegro (%) 22.9 2022 yearly 2003 - 2022
Morocco (%) 7.0 Mar 2024 monthly Jan 1986 - Mar 2024
Mozambique (%) 5.9 Mar 2024 monthly Dec 2002 - Mar 2024
Myanmar (%) 10.9 Jun 2023 quarterly Dec 2002 - Jun 2023
Nepal (%) 14.0 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -1.5 Mar 2024 monthly Dec 1957 - Mar 2024
New Zealand (%) 4.0 Mar 2024 monthly Mar 1989 - Mar 2024
Nigeria (%) 70.4 Mar 2024 monthly Nov 1993 - Mar 2024
Norway (%) -1.3 Mar 2024 monthly Dec 1993 - Mar 2024
Oman (%) 15.8 Feb 2024 monthly Jan 2000 - Feb 2024
Pakistan (%) 15.3 Feb 2024 monthly Jan 1989 - Feb 2024
Palestinian Territory (%) 5.5 Mar 2024 monthly Jul 2003 - Mar 2024
Panama (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Paraguay (%) 13.3 Mar 2024 monthly Dec 1989 - Mar 2024
Peru (%) 5.2 Mar 2024 monthly Jan 1993 - Mar 2024
Philippines (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Poland (%) 6.9 Mar 2024 monthly Dec 1997 - Mar 2024
Portugal (%) 4.2 Mar 2024 monthly Dec 1980 - Mar 2024
Qatar (%) 5.4 Mar 2024 monthly Jan 1983 - Mar 2024
Romania (%) 10.8 Mar 2024 monthly Dec 2002 - Mar 2024
Russia (%) 17.4 Mar 2024 monthly Dec 1992 - Mar 2024
Saudi Arabia (%) 9.6 Mar 2024 monthly Jan 1994 - Mar 2024
Serbia (%) 17.0 Mar 2024 monthly Aug 2002 - Mar 2024
Singapore (%) 2.6 Mar 2024 monthly Mar 2005 - Mar 2024
Slovakia (%) 3.7 Feb 2024 monthly Dec 2001 - Feb 2024
Slovenia (%) 4.3 Feb 2024 monthly Jan 2008 - Feb 2024
South Africa (%) 7.1 Mar 2024 monthly Mar 1966 - Mar 2024
Spain (%) 2.0 Mar 2024 monthly Jan 1963 - Mar 2024
Sri Lanka (%) 9.6 Feb 2024 monthly Jan 1995 - Feb 2024
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) -0.1 Mar 2024 monthly Jan 1999 - Mar 2024
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

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United Arab Emirates Key Series

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Includes 201 key indicators for United Arab Emirates, curated by CEIC analysts. Instant access to full history data in excel.
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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.2 2020 yearly 1991 - 2020
Consolidated Fiscal Balance (USD mn) -827.229 2020 yearly 1991 - 2020
Tax Revenue (USD mn) 3,271.801 2020 yearly 1992 - 2020
Tax Revenue: % of GDP (%) 17.7 Jun 2023 quarterly Mar 2012 - Jun 2023
Forecast: Government Expenditure (AED bn) 635.944 2028 yearly 1991 - 2028
Forecast: Government Net Debt (AED bn) 645.441 2028 yearly 1999 - 2028
Forecast: Government Revenue (AED bn) 709.874 2028 yearly 1990 - 2028
Consolidated Government: Expenditures: Current (AED mn) 323,916.055 2020 yearly 1991 - 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.695 2028 yearly 1980 - 2028
Trade Balance (USD mn) -22,293.7 Sep 2023 monthly Jan 2009 - Sep 2023
Total Exports (USD mn) 35,023.8 Jan 2024 monthly Jan 1981 - Jan 2024
Total Exports Growth (%) -6.4 Jan 2024 monthly Jan 1982 - Jan 2024
Aluminum: Exports (USD th) 13,791,426.105 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,452,211.083 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 541,703.252 2022 yearly 1995 - 2022
Total Imports (USD mn) 31,463.9 Sep 2023 monthly Jan 2009 - Sep 2023
Total Imports Growth (%) 3.3 Sep 2023 monthly Jan 2010 - Sep 2023
Imports: Medicament (USD th) 3,706,000.420 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,120,012.879 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 446.768 Jan 2024 monthly Jan 1981 - Jan 2024
Total Imports from USA (USD mn) 2,126.621 Jan 2024 monthly Jan 1981 - Jan 2024
Total Exports to China (USD mn) 10,104.189 2022 yearly 2000 - 2022
Total Imports from China (USD mn) 67,215.285 2022 yearly 1970 - 2022
Exports: Non Oil: Volume (kg mn) 7,779.36 Dec 2017 monthly Jan 2009 - Dec 2017
Re-Exports: General System: Value (AED mn) 51,434.927 Sep 2023 monthly Jan 2017 - Sep 2023
Re-Exports: General System: Volume (Ton) 2,284,046.747 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: Non Oil: General System: Volume (Ton) 9,889,560.958 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: Non Oil: General System: Value (AED mn) 33,677.573 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: General System: Value (AED mn) 115,551.268 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: General System: Volume (Ton) 9,322,756.970 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Plastic, Rubber and Articles (AED mn) 15,723.058 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Pearls, Stones, Precious Metals and its Ar... (AED mn) 134,329.173 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Base Metals and Articles of Base Metal (AED mn) 53,030.295 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Mineral Products (AED mn) 22,730.516 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: ytd: HS: Non-Oil: GS: Value: Foodstuff, Beverages, Spirits and Tobacco (AED mn) 23,309.507 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Gulf Cooperation Council Countries: ow Saudi Arabia (AED mn) 27,069.706 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 27,248.900 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Iran (Islamic Republic O... (AED mn) 1,361.750 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Singapore (AED mn) 4,745.142 Sep 2023 quarterly Mar 2017 - Sep 2023
Exports: Non Oil: GS: ytd: European Countries: ow Switzerland (AED mn) 23,985.802 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Pearls, Stones, Precious Metals and its Articles (AED mn) 293,593.063 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Base Metals and Articles of Base Metal (AED mn) 55,277.182 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Vegetable Products (AED mn) 22,437.820 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Mineral Products (AED mn) 65,336.314 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: ytd: HS: GS: Value: Chemical Products or Allied Industries (AED mn) 60,033.103 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow China (AED mn) 192,951.527 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 77,728.741 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: Non-Arab Asian Countries: ow Japan (AED mn) 36,717.571 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: European Countries: ow Germany (AED mn) 30,092.868 Sep 2023 quarterly Mar 2017 - Sep 2023
Imports: GS: ytd: American Countries: ow United States Of America (AED mn) 71,165.057 Sep 2023 quarterly Mar 2017 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 22,545.9 2021 yearly 1980 - 2021
Current Account Balance (USD mn) 47,978.2 2021 yearly 1996 - 2021
Current Account Balance: % of GDP (%) 11.6 2021 yearly 1996 - 2021
Foreign Direct Investment (USD mn) 20,667.1 2021 yearly 1970 - 2021
Foreign Direct Investment: % of GDP (%) 5.0 2021 yearly 1972 - 2021
Foreign Portfolio Investment (USD mn) 1,225.323 2021 yearly 2002 - 2021
Forecast: Current Account Balance (USD bn) 42.598 2028 yearly 1980 - 2028
BoP: Current Account: Transfers: Net (AED bn) -205.800 2021 yearly 1996 - 2021
BoP: Current Account: Investment Income: Net (AED bn) -2.700 2021 yearly 2001 - 2021
BoP: Current Account: Imports: CIF (AED bn) -996.800 2021 yearly 1996 - 2021
BoP: CF: Financial Account (AED bn) -96.800 2021 yearly 2002 - 2021
BoP: Current Account: Trade Balance: FOB (AED bn) 290.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment (AED bn) -6.900 2021 yearly 2002 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Portfolio Investment (AED bn) 4.500 2021 yearly 2002 - 2021
BoP: Net Errors and Omissions (AED bn) 5.300 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Outw... (AED bn) -82.800 2021 yearly 2002 - 2021
BoP: Current Account: Imports: FOB (AED bn) -897.100 2021 yearly 2001 - 2021
BoP: Change in Reserves (AED bn) -85.000 2021 yearly 1996 - 2021
BoP: Current Account: Exports and Re-Exports (AED bn) 1,187.400 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Inwa... (AED bn) 75.900 2021 yearly 2002 - 2021
BoP: Current Account: Services: Net (AED bn) 94.500 2021 yearly 1996 - 2021
BoP: Current Account (AED bn) 176.200 2021 yearly 1996 - 2021
BoP: Current Account: Trade Balance: CIF (AED bn) 176.200 2019 yearly 2001 - 2019
BoP: Capital and Financial Account (CF) (AED bn) -96.800 2021 yearly 1996 - 2021
BoP: Current Account: Services: Credit (AED bn) 263.800 2018 yearly 2001 - 2018
BoP: Current Account: Services: Debit (AED bn) -265.500 2018 yearly 2001 - 2018
Foreign Direct Investment: Mining and Quarrying (AED mn) 38,519.597 2016 yearly 2005 - 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Household Debt: % of GDP (%) 106.2 2021 yearly 2013 - 2021
Money Supply M1 (USD mn) 230,636.624 Feb 2024 monthly Jun 1991 - Feb 2024
Money Supply M2 (USD mn) 573,109.326 Feb 2024 monthly Jun 1991 - Feb 2024
M2 Growth (%) 20.3 Feb 2024 monthly Jun 1992 - Feb 2024
Reserve Requirement Ratio (%) 1.0 Apr 2024 monthly Jan 2000 - Apr 2024
Foreign Exchange Reserves (USD mn) 187,931.7 Feb 2024 monthly Jun 1973 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 30.792 Jun 2023 quarterly Dec 2012 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 4.9 Sep 2023 monthly Jan 2009 - Sep 2023
Gold Reserves (USD mn) 4,864.261 Feb 2024 monthly Dec 1974 - Feb 2024
Total Deposits (USD mn) 710,162.832 Feb 2024 monthly Dec 2003 - Feb 2024
Total Deposits Growth (%) 16.3 Feb 2024 monthly Dec 2004 - Feb 2024
Domestic Credit (USD mn) 418,874.1 Feb 2024 monthly Jan 1975 - Feb 2024
Domestic Credit Growth (%) 2.8 Feb 2024 monthly Jan 1976 - Feb 2024
Household Debt (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
Total Loans (USD mn) 478,283.730 Feb 2024 monthly Dec 2013 - Feb 2024
Total Loans Growth (%) 4.67 Feb 2024 monthly Dec 2014 - Feb 2024
Private Debt: % of Nominal GDP (%) 65.38 Jun 2023 quarterly Dec 2013 - Jun 2023
Money Supply: M0 (AED mn) 139,351.000 Feb 2024 monthly Dec 2000 - Feb 2024
Money Supply: M3: M2: M1 (AED mn) 847,013.000 Feb 2024 monthly Dec 2007 - Feb 2024
Money Supply: M3 (AED mn) 2,535,055.000 Feb 2024 monthly Dec 2007 - Feb 2024
Money Supply: M3: M2 (AED mn) 2,104,744.000 Feb 2024 monthly Dec 2007 - Feb 2024
Reserve Requirement Ratio: Current, Savings and Call Deposits (%) 11.000 Apr 2024 monthly Jan 2000 - Apr 2024
Banks Deposits (AED mn) 2,608,073.000 Feb 2024 monthly Dec 2003 - Feb 2024
Banks Credit: Gross: Residents (AED mn) 1,486,531.000 Jun 2018 monthly Dec 2013 - Jun 2018

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