Key information about United Arab Emirates Gross Savings Rate

• United Arab Emirates Gross Savings Rate was measured at 42.0% in Dec 2023, compared with 42.0% in the previous year.
• United Arab Emirates Gross Savings Rate is updated yearly, with data available from Dec 1972 to Dec 2023, and an average rate of 42.0%.
• The data reached an all-time high of 42.0% in Dec 1974 and a record low of 28.5% in Dec 2002.
• CEIC calculates annual Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Federal Competitiveness and Statistics Centre provides Final Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Gross Domestic Savings Rate prior to 2010 is based on SNA 1993.
• In the latest reports, United Arab Emirates GDP expanded 4.6% YoY in Jun 2024.
• United Arab Emirates Nominal GDP reached 117,279.0 USD mn in Mar 2022. Its GDP deflator (implicit price deflator) increased 12.8% in Mar 2022.
• United Arab Emirates GDP Per Capita reached 38,661.2 USD in Dec 2020.

Gross domestic savings (% of GDP) in United Arab Emirates was reported at 41.97 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about United Arab Emirates Private Consumption: % of GDP

• United Arab Emirates Private Consumption accounted for 45.6 % of its Nominal GDP in Dec 2023, compared with a ratio of 42.2 % in the previous year.
• United Arab Emirates Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1972 to Dec 2023, with an average share of 31.0 %.
• The data reached an all-time high of 61.4 % in Dec 2002 and a record low of 7.1 % in Dec 1974.

CEIC calculates annual Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. Federal Competitiveness and Statistics Centre provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to 2010 is based on SNA 1993.


Related information about United Arab Emirates Private Consumption: % of GDP

• In the latest reports, United Arab Emirates GDP expanded 4.6 % YoY in Jun 2024.
• Its Nominal GDP reached 117.3 USD bn in Mar 2022.
• United Arab Emirates GDP Per Capita reached 38,661.2 USD in Dec 2020.
• Its Gross Savings Rate was measured at 42.0 % in Dec 2023.

United Arab Emirates AE: Domestic Credit: to Private Sector: % of GDP data was reported at 78.843 % in 2017. This records a decrease from the previous number of 83.894 % for 2016. United Arab Emirates AE: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 31.077 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 84.471 % in 2009 and a record low of 9.763 % in 1975. United Arab Emirates AE: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Domestic credit to private sector of United Arab Emirates slumped by 14.08% from 77.5 % in 2021 to 66.6 % in 2022. Since the 16.16% surge in 2020, domestic credit to private sector sank by 26.66% in 2022. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of non-equity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

The benchmark interest rate in the United Arab Emirates was last recorded at 4.40 percent. This dataset provides - United Arab Emirates Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Middle East and Africa Neobank Market is segmented By Account type (Business Account and Savings Account), By Service (Mobile Banking, Payments & money transfer, Savings account, Loans, and Others), By Application (Enterprise, Personal, and Others), and By Country (Saudi Arabia, United Arab Emirates, South Africa, Bahrain, Oman, Qatar, and Others)

Key information about United Arab Emirates Investment: % of GDP

• United Arab Emirates Investment accounted for 21.0 % of its Nominal GDP in Dec 2020, compared with a ratio of 20.3 % in the previous year.
• United Arab Emirates investment share of Nominal GDP data is updated yearly, available from Dec 1972 to Dec 2020, with an average ratio of 20.2 %.
• The data reached an all-time high of 31.6 % in Dec 2009 and a record low of 13.6 % in Dec 1990.

CEIC calculates annual Investment as % of Nominal GDP from annual Nominal Gross Capital Formation and annual Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Federal Competitiveness and Statistics Centre provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008. Investment as % of Nominal GDP prior to 2010 is based on SNA 1993.


Related information about United Arab Emirates Investment: % of GDP

• In the latest reports, United Arab Emirates GDP expanded 3.9 % YoY in Jun 2023.
• United Arab Emirates Nominal GDP reached 117.3 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 12.8 % in Mar 2022.
• United Arab Emirates GDP Per Capita reached 38,661.2 USD in Dec 2020.
• Its Gross Savings Rate was measured at 39.2 % in Dec 2021.

The Middle East and Africa (MEA) digital banking market is experiencing robust growth, driven by increasing smartphone penetration, rising internet usage, and a young, tech-savvy population. A compound annual growth rate (CAGR) exceeding 3.50% indicates a significant expansion of this market, projected to reach substantial value over the forecast period (2025-2033). Key drivers include the governments' initiatives to promote financial inclusion through digital channels, the increasing adoption of mobile banking and payment solutions, and the growing demand for convenient and personalized banking services. The market is segmented by account type (business and savings), service offered (mobile banking, payments & money transfers, loans), application (enterprise and personal), and geography (UAE, Saudi Arabia, Qatar, South Africa, Oman, Israel, Turkey, and the Rest of the Middle East). Competition is fierce, with established banks like Bank ABC and ADCB Hayyak alongside fintech disruptors such as Mashreq NEO, Pepper, and Liv vying for market share. The shift towards open banking APIs is also a significant trend, facilitating innovation and collaboration within the ecosystem. However, challenges remain, including cybersecurity concerns, data privacy regulations, and the digital literacy gap in certain segments of the population. Addressing these challenges will be crucial for sustaining the market's growth trajectory. The market's substantial growth is fueled by a confluence of factors. The increasing preference for contactless transactions and the convenience offered by digital platforms is significantly impacting customer behavior. Furthermore, the introduction of innovative digital banking features, including personalized financial management tools and AI-powered chatbots, is enhancing the user experience and attracting new customers. While the UAE and Saudi Arabia currently dominate the market, other countries in the MEA region are witnessing rapid growth as digital infrastructure improves and financial inclusion initiatives gain momentum. The sustained investment in fintech startups and the increasing collaboration between traditional banks and fintech companies is fostering innovation and driving market expansion. This competitive landscape fosters a dynamic environment that pushes boundaries and accelerates the adoption of advanced technologies such as blockchain and biometric authentication, further strengthening the digital banking ecosystem's resilience and growth potential. Recent developments include: May 2022: Mastercard, One Global and i2c have announced a partnership to provide tailored financial solutions that will enable the issuance of digital mobile wallets in the region. Through this partnership, banks, fintech, merchants and wallet providers can now offer consumers in the region easy access to cutting edge, digital-first payment solutions and services., March 2022: United Arab Emirates' Mashreq Bank has launched Neopay, a unified merchant acquiring and consumer paytech business. Neopay is the brand name of the bank's new wholly-owned subsidiary, IDFAA Payment Services, which has consolidated all of Mashreq's existing payment systems into a single platform.. Notable trends are: Advanced Technology and Security are Driving the Market.