United Arab Emirates Domestic Credit Growth

1976 - 2024 | Monthly | % | CEIC Data

Key information about United Arab Emirates Domestic Credit Growth

  • United Arab Emirates Domestic Credit increased 7.1 % YoY in Jul 2024, compared with an increase of 5.6 % YoY in the previous month
  • United Arab Emirates Domestic Credit Growth YoY data is updated monthly
  • It averaged 9.1 %, available from Jan 1976 to Jul 2024
  • The data reached an all-time high of 1,932.7 % in Aug 1977 and a record low of -908.7 % in Jan 1976

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. Domestic Credit prior to December 2002 is based on an older methodology.


Further information about United Arab Emirates Domestic Credit Growth

  • In the latest reports, United Arab Emirates Domestic Credit reached 428.1 USD bn in Jul 2024
  • Money Supply M2 in United Arab Emirates increased to 612.6 USD bn YoY in Sep 2024
  • United Arab Emirates Foreign Exchange Reserves was measured at 207.1 USD bn in Jul 2024
  • The Foreign Exchange Reserves equaled 5.8 Months of Import in Jun 2024
  • The country's Non Performing Loans Ratio stood at 5.0 % in Mar 2024, compared with the ratio of 5.3 % in the previous quarter
  • Household Debt of United Arab Emirates reached 106.2 % in Dec 2021, accounting for 106.2 % of the country's Nominal GDP

View United Arab Emirates's Domestic Credit Growth from Jan 1976 to Jul 2024 in the chart:

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United Arab Emirates Domestic Credit Growth
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United Arab Emirates Domestic Credit Growth

What was United Arab Emirates's Domestic Credit Growth in Jul 2024?

United Arab Emirates Domestic Credit increased 7.1 % YoY in Jul 2024, compared with an increase of 5.6 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.1 Jul 2024 5.6 Jun 2024 -908.7 Jan 1976 1,932.7 Aug 1977 % monthly Jan 1976 - Jul 2024

Domestic Credit Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 8.5 Nov 2024 monthly Dec 2003 - Nov 2024
Algeria (%) 14.3 Oct 2024 monthly Dec 2002 - Oct 2024
Argentina (%) 150.1 Oct 2024 monthly Jan 1991 - Oct 2024
Armenia (%) 20.7 Oct 2024 monthly Dec 1994 - Oct 2024
Australia (%) -1.3 Nov 2024 monthly Dec 2002 - Nov 2024
Austria (%) -1.7 Aug 2024 monthly Jan 2000 - Aug 2024
Azerbaijan (%) -1.0 Oct 2024 monthly Dec 2002 - Oct 2024
Bahrain (%) 6.4 Nov 2024 monthly Sep 1992 - Nov 2024
Bangladesh (%) 9.6 Oct 2024 monthly Jul 1988 - Oct 2024
Belarus (%) 15.4 Nov 2024 monthly Dec 2007 - Nov 2024
Belgium (%) 0.0 Aug 2024 monthly Jan 2000 - Aug 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 10.4 Nov 2024 monthly Aug 1998 - Nov 2024
Botswana (%) 27.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Brazil (%) 8.7 Nov 2024 monthly Dec 2002 - Nov 2024
Brunei (%) 20.6 Jul 2024 monthly Jan 2000 - Jul 2024
Bulgaria (%) 19.9 Nov 2024 monthly Dec 1994 - Nov 2024
Cambodia (%) 2.1 Oct 2024 monthly Dec 1995 - Oct 2024
Canada (%) 3.5 Oct 2024 monthly Jan 1970 - Oct 2024
Chile (%) 4.5 Oct 2024 monthly Dec 1979 - Oct 2024
China (%) 9.0 Oct 2024 monthly Jun 2000 - Oct 2024
Colombia (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -1.9 Nov 2024 monthly Nov 2006 - Nov 2024
Czech Republic (%) 6.3 Nov 2024 monthly Jan 2003 - Nov 2024
Denmark (%) -4.9 Aug 2024 monthly Dec 2002 - Aug 2024
Ecuador (%) 6.0 Nov 2024 monthly Jan 2007 - Nov 2024
Egypt (%) 31.4 Nov 2024 monthly Jan 1997 - Nov 2024
Estonia (%) 3.6 Jul 2024 monthly Jun 1993 - Jul 2024
European Union (%) -1.4 Aug 2024 monthly Sep 1998 - Aug 2024
Finland (%) -4.8 Aug 2024 monthly Jan 2000 - Aug 2024
France (%) 1.7 Aug 2024 monthly Jan 2000 - Aug 2024
Georgia (%) 20.8 Nov 2024 monthly Oct 1996 - Nov 2024
Germany (%) -8.0 Aug 2024 monthly Jan 2000 - Aug 2024
Ghana (%) -3.5 Jul 2024 monthly Jan 1968 - Jul 2024
Greece (%) 3.5 Aug 2024 monthly Jan 2002 - Aug 2024
Hong Kong SAR, China (%) 3.0 Sep 2024 monthly Dec 1991 - Sep 2024
Hungary (%) 8.3 Nov 2024 monthly Jan 1999 - Nov 2024
Iceland (%) 9.4 Oct 2024 monthly Sep 1994 - Oct 2024
India (%) 10.9 Oct 2024 monthly Mar 2000 - Oct 2024
Indonesia (%) 8.5 Nov 2024 monthly Jan 2005 - Nov 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -2.9 Aug 2024 monthly Jan 2000 - Aug 2024
Israel (%) 13.4 Oct 2024 monthly Dec 2000 - Oct 2024
Italy (%) 1.8 Aug 2024 monthly Jan 2000 - Aug 2024
Ivory Coast (%) 10.9 Aug 2024 monthly Jan 1965 - Aug 2024
Japan (%) 1.4 Oct 2024 monthly Apr 2004 - Oct 2024
Jordan (%) 3.0 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 20.6 Nov 2024 monthly Dec 2002 - Nov 2024
Kenya (%) 2.3 Sep 2024 monthly Dec 1996 - Sep 2024
South Korea (%) 5.3 Sep 2024 monthly Dec 2002 - Sep 2024
Kosovo (%) 17.0 Oct 2024 monthly Nov 2008 - Oct 2024
Kuwait (%) 2.4 Nov 2024 monthly Jan 1995 - Nov 2024
Kyrgyzstan (%) 35.1 Oct 2024 monthly Dec 2003 - Oct 2024
Laos (%) 21.3 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (%) -1.6 Aug 2024 monthly Jul 2004 - Aug 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 4.2 Aug 2024 monthly Dec 1994 - Aug 2024
Luxembourg (%) 2.9 Aug 2024 monthly Jan 2000 - Aug 2024
Macau SAR, China (%) -3.1 Jul 2024 monthly Jun 1985 - Jul 2024
North Macedonia (%) 5.6 Nov 2024 monthly Jan 2004 - Nov 2024
Malawi (%) 56.3 Oct 2024 monthly Jan 1976 - Oct 2024
Malaysia (%) 4.8 Nov 2024 monthly Jan 1988 - Nov 2024
Malta (%) 7.1 Oct 2024 monthly Jan 2009 - Oct 2024
Mauritius (%) 10.9 Nov 2024 monthly Jun 2006 - Nov 2024
Mexico (%) 12.9 Oct 2024 monthly Dec 2002 - Oct 2024
Moldova (%) 18.9 Nov 2024 monthly Jan 2001 - Nov 2024
Mongolia (%) 22.5 Nov 2024 monthly Dec 1993 - Nov 2024
Montenegro (%) 3.6 Nov 2024 monthly Jan 2006 - Nov 2024
Morocco (%) 6.3 Nov 2024 monthly Dec 2002 - Nov 2024
Mozambique (%) 12.5 Nov 2024 monthly Dec 2002 - Nov 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 5.3 Nov 2024 monthly Jan 2002 - Nov 2024
Netherlands (%) -4.7 Aug 2024 monthly Dec 2002 - Aug 2024
New Zealand (%) 1.8 Nov 2024 monthly Mar 1989 - Nov 2024
Nigeria (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Norway (%) 3.3 Nov 2024 monthly Dec 1986 - Nov 2024
Oman (%) 4.7 Sep 2024 monthly Dec 2000 - Sep 2024
Pakistan (%) 16.2 Nov 2024 monthly Jun 2009 - Nov 2024
Palestinian Territory (%) 2.4 Nov 2024 monthly Dec 1999 - Nov 2024
Panama (%) 5.3 Nov 2024 monthly Dec 2002 - Nov 2024
Paraguay (%) 16.7 Oct 2024 monthly Dec 2002 - Oct 2024
Peru (%) 17.5 Jul 2024 monthly Jan 1993 - Jul 2024
Philippines (%) 9.8 Oct 2024 monthly Dec 2002 - Oct 2024
Poland (%) 5.3 Nov 2024 monthly Dec 1997 - Nov 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 4.8 Nov 2024 monthly Jan 2008 - Nov 2024
Romania (%) 13.8 Oct 2024 monthly Dec 2005 - Oct 2024
Russia (%) 20.9 Nov 2024 monthly Dec 2001 - Nov 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) 7.0 Nov 2024 monthly Dec 2004 - Nov 2024
Singapore (%) 5.5 Nov 2024 monthly Mar 2005 - Nov 2024
Slovakia (%) 2.4 Aug 2024 monthly Jan 2007 - Aug 2024
Slovenia (%) 3.5 Aug 2024 monthly Jan 2005 - Aug 2024
South Africa (%) 6.8 Oct 2024 monthly Mar 1966 - Oct 2024
Spain (%) -1.6 Aug 2024 monthly Jan 2000 - Aug 2024
Sri Lanka (%) 3.9 Nov 2024 monthly Jan 1997 - Nov 2024
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -6.8 Aug 2024 monthly Dec 2002 - Aug 2024
Switzerland (%) 2.1 Nov 2024 monthly Dec 1988 - Nov 2024

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United Arab Emirates Key Series

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 (%) 18.9 Jun 2024 quarterly Mar 2012 - Jun 2024
Forecast: Government Expenditure (AED bn) 612.294 2029 yearly 1991 - 2029
Forecast: Government Net Debt (AED bn) 770.595 2029 yearly 1999 - 2029
Forecast: Government Revenue (AED bn) 718.730 2029 yearly 1990 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.695 2028 yearly 1980 - 2028
Trade Balance (USD mn) -23,235.8 Jun 2024 monthly Jan 2009 - Jun 2024
Total Exports (USD mn) 31,512.0 Sep 2024 monthly Jan 1981 - Sep 2024
Total Exports Growth (%) 4.1 Sep 2024 monthly Jan 1982 - Sep 2024
Aluminum: Exports (USD th) 12,724,616.644 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,305,611.213 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 387,263.571 2023 yearly 1995 - 2023
Total Imports (USD mn) 34,517.0 Jun 2024 monthly Jan 2009 - Jun 2024
Total Imports Growth (%) 16.4 Jun 2024 monthly Jan 2010 - Jun 2024
Imports: Medicament (USD th) 4,603,410.546 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,612,769.142 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 613.817 Sep 2024 monthly Jan 1981 - Sep 2024
Total Imports from USA (USD mn) 2,141.870 Sep 2024 monthly Jan 1981 - Sep 2024
Total Exports to China (USD mn) 9,294.128 2023 yearly 2000 - 2023
Total Imports from China (USD mn) 77,419.160 2023 yearly 1970 - 2023
Exports: Non Oil: Volume (kg mn) 7,779.36 Dec 2017 monthly Jan 2009 - Dec 2017
Imports: General System: Volume (Ton) 10,122,199.375 Jun 2024 monthly Jan 2017 - Jun 2024
Re-Exports: General System: Value (AED mn) 45,331.850 Jun 2024 monthly Jan 2017 - Jun 2024
Re-Exports: General System: Volume (Ton) 1,512,053.174 Jun 2024 monthly Jan 2017 - Jun 2024
Exports: Non Oil: General System: Value (AED mn) 41,430.373 Jun 2024 monthly Jan 2017 - Jun 2024
Imports: General System: Value (AED mn) 126,763.820 Jun 2024 monthly Jan 2017 - Jun 2024
Exports: Non Oil: General System: Volume (Ton) 8,765,140.188 Jun 2024 monthly Jan 2017 - Jun 2024
Exports: ytd: HS: Non-Oil: GS: Value: Plastic, Rubber and Articles (AED mn) 7,854.542 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: ytd: HS: Non-Oil: GS: Value: Pearls, Stones, Precious Metals and its Ar... (AED mn) 137,197.593 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: ytd: HS: Non-Oil: GS: Value: Mineral Products (AED mn) 12,825.035 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: ytd: HS: Non-Oil: GS: Value: Base Metals and Articles of Base Metal (AED mn) 30,544.181 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: ytd: HS: Non-Oil: GS: Value: Foodstuff, Beverages, Spirits and Tobacco (AED mn) 18,937.086 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: Non Oil: GS: ytd: Gulf Cooperation Council Countries: ow Saudi Arabia (AED mn) 21,853.110 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 26,100.303 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Singapore (AED mn) 3,457.497 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: Non Oil: GS: ytd: European Countries: ow Switzerland (AED mn) 19,664.402 Jun 2024 quarterly Mar 2017 - Jun 2024
Exports: Non Oil: GS: ytd: Non-Arab Asian Countries: ow Iran (Islamic Republic O... (AED mn) 591.125 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: ytd: HS: GS: Value: Pearls, Stones, Precious Metals and its Articles (AED mn) 243,667.081 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: ytd: HS: GS: Value: Base Metals and Articles of Base Metal (AED mn) 38,932.861 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: ytd: HS: GS: Value: Vegetable Products (AED mn) 16,200.493 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: ytd: HS: GS: Value: Mineral Products (AED mn) 48,090.634 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: ytd: HS: GS: Value: Chemical Products or Allied Industries (AED mn) 38,859.547 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: GS: ytd: Non-Arab Asian Countries: ow India (AED mn) 54,159.184 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: GS: ytd: Non-Arab Asian Countries: ow Japan (AED mn) 26,943.182 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: GS: ytd: European Countries: ow Germany (AED mn) 20,565.372 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: GS: ytd: American Countries: ow United States Of America (AED mn) 46,802.443 Jun 2024 quarterly Mar 2017 - Jun 2024
Imports: GS: ytd: Non-Arab Asian Countries: ow China (AED mn) 143,027.239 Jun 2024 quarterly Mar 2017 - Jun 2024
Import Value Index (2015=100) 131.931 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 101.834 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 111.444 2021 yearly 2000 - 2021
Export Value Index (2015=100) 141.495 2021 yearly 1980 - 2021
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) 45.467 2029 yearly 1980 - 2029
BoP: CF: Financial Account: Enterprises: Private Sector: Portfolio Investment (AED bn) 4.500 2021 yearly 2002 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment (AED bn) -6.900 2021 yearly 2002 - 2021
BoP: Current Account: Imports: FOB (AED bn) -897.100 2021 yearly 2001 - 2021
BoP: Current Account: Investment Income: Net (AED bn) -2.700 2021 yearly 2001 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Outw... (AED bn) -82.800 2021 yearly 2002 - 2021
BoP: Change in Reserves (AED bn) -85.000 2021 yearly 1996 - 2021
BoP: CF: Financial Account: Enterprises: Private Sector: Direct Investment: Inwa... (AED bn) 75.900 2021 yearly 2002 - 2021
BoP: CF: Financial Account (AED bn) -96.800 2021 yearly 2002 - 2021
BoP: Current Account: Exports and Re-Exports (AED bn) 1,187.400 2021 yearly 1996 - 2021
BoP: Current Account: Services: Credit (AED bn) 263.800 2018 yearly 2001 - 2018
BoP: Current Account: Services: Net (AED bn) 94.500 2021 yearly 1996 - 2021
BoP: Current Account: Services: Debit (AED bn) -265.500 2018 yearly 2001 - 2018
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: Current Account: Trade Balance: FOB (AED bn) 290.300 2021 yearly 1996 - 2021
BoP: Current Account: Transfers: Net (AED bn) -205.800 2021 yearly 1996 - 2021
BoP: Capital and Financial Account (CF) (AED bn) -96.800 2021 yearly 1996 - 2021
BoP: Current Account: Imports: CIF (AED bn) -996.800 2021 yearly 1996 - 2021
BoP: Net Errors and Omissions (AED bn) 5.300 2021 yearly 1996 - 2021
Foreign Direct Investment: Mining and Quarrying (AED mn) 38,519.597 2016 yearly 2005 - 2016
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.0 Mar 2024 quarterly Mar 2009 - Mar 2024
Household Debt: % of GDP (%) 106.2 2021 yearly 2013 - 2021
Money Supply M1 (USD mn) 244,062.544 Sep 2024 monthly Jun 1991 - Sep 2024
Money Supply M2 (USD mn) 612,570.195 Sep 2024 monthly Jun 1991 - Sep 2024
M2 Growth (%) 17.9 Sep 2024 monthly Jun 1992 - Sep 2024
Reserve Requirement Ratio (%) 1.0 Nov 2024 monthly Jan 2000 - Nov 2024
Foreign Exchange Reserves (USD mn) 207,119.1 Jul 2024 monthly Jun 1973 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 37.889 Jun 2024 quarterly Dec 2012 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 5.8 Jun 2024 monthly Jan 2009 - Jun 2024
Gold Reserves (USD mn) 6,313.138 Sep 2024 monthly Dec 1974 - Sep 2024
Total Deposits (USD mn) 751,915.589 Sep 2024 monthly Dec 2003 - Sep 2024
Total Deposits Growth (%) 14.1 Sep 2024 monthly Dec 2004 - Sep 2024
Domestic Credit (USD mn) 428,079.5 Jul 2024 monthly Jan 1975 - Jul 2024
Domestic Credit Growth (%) 7.1 Jul 2024 monthly Jan 1976 - Jul 2024
Household Debt (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
Total Loans (USD mn) 506,395.881 Sep 2024 monthly Dec 2013 - Sep 2024
Total Loans Growth (%) 6.88 Sep 2024 monthly Dec 2014 - Sep 2024
Private Debt: % of Nominal GDP (%) 67.34 Jun 2024 quarterly Dec 2013 - Jun 2024
Money Supply: M0 (AED mn) 146,911.000 Sep 2024 monthly Dec 2000 - Sep 2024
Money Supply: M3: M2 (AED mn) 2,249,664.042 Sep 2024 monthly Dec 2007 - Sep 2024
Money Supply: M3: M2: M1 (AED mn) 896,319.693 Sep 2024 monthly Dec 2007 - Sep 2024
Money Supply: M3 (AED mn) 2,719,864.108 Sep 2024 monthly Dec 2007 - Sep 2024
Reserve Requirement Ratio: Current, Savings and Call Deposits (%) 11.000 Nov 2024 monthly Jan 2000 - Nov 2024
Banks Deposits (AED mn) 2,761,410.000 Sep 2024 monthly Dec 2003 - Sep 2024
Banks Credit: Gross: Residents (AED mn) 1,486,531.000 Jun 2018 monthly Dec 2013 - Jun 2018

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