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Financial Survey
The field Financial Services Survey seeks to create and develop modern and accurate databases for various social and economic activities in the Emirate of Dubai, that contribute to the improvement development programs and plans, national account, as well as the economic and social indicators that highlight the real level of development and progress that Dubai achieved.
  • Metadata

  • Reports

  • Methodology

1.1
Contact organization
Dubai Statistics Center
1.2
Contact organization unit
Economic Sectors Statistics Section
1.3
Contact name
Corporate Communication & Customer Service Section
1.4
Contact person function
Customer Care
1.5
Contact mail address
P.O. Box: 121222 Dubai, UAE
1.6
Contact email address
info@dsc.gov.ae
1.7
Contact phone number
800 DSC (372)
1.8
Contact fax number
009714 4290232
2.1
Metadata last certified
01/04/2018
2.2
Metadata last posted
01/04/2018
2.3
Metadata last update
01/04/2018
3.1
Data description

The aim of the financial survey is to provide data on the size of employment, compensation, production values, value added account, and capital formation of the financial sector. The data are processed according to international concepts related to the production account of the financial sector establishments. The production account for these activities is different from the rest of the economic activities. To estimate the production of these activities in accordance with the recommendations of the System of National Accounts 2008 as of 2013 to calculate and estimate the financial service calculated indirectly for the activity of banks where the data were processed according to the following equations:

 

 


Financial services indirectly calculated FISM (P119) = (Credit * (RL-RR)/100) + (Deposits * (RR-RD)/100)
 Where RR is the benchmark interest rate and RL interest rate on loans and RD deposit rate.


The financial survey covers:
- Monetary intermediation
- Activities of holding companies
- Trusts, funds and similar financial entities
- Other financial service activities, except insurance and pension funding activities
- Insurance
- Reinsurance
-Pension funding
- Activities auxiliary to financial service activities, except insurance and pension funding
-Activities auxiliary to insurance and pension funding
-Fund management activities

The aim of the financial survey is to provide data on the size of employment, compensation, production values, value added account, and capital formation of the financial sector. The data are processed according to international concepts related to the production account of the financial sector establishments. The production account for these activities is different from the rest of the economic activities. To estimate the production of these activities in accordance with the recommendations of the System of National Accounts 2008 as of 2013 to calculate and estimate the financial service calculated indirectly for the activity of banks where the data were processed according to the following equations:

Financial services indirectly calculated FISM (P119) = (Credit * (RL-RR)/100) + (Deposits * (RR-RD)/100)
 Where RR is the benchmark interest rate and RL interest rate on loans and RD deposit rate.

The financial survey covers:
- Monetary intermediation
- Activities of holding companies
- Trusts, funds and similar financial entities
- Other financial service activities, except insurance and pension funding activities
- Insurance
- Reinsurance
-Pension funding
- Activities auxiliary to financial service activities, except insurance and pension funding
-Activities auxiliary to insurance and pension funding
-Fund management activities

3.2
Classification

The activities of the enterprises are classified according to the Standard International Standard Classification of Economic Activities (ISIC4). While expenditures on goods and services are classified according to CPC2.

3.3
Sector coverage
Financial Sector by ISIC Rev. 4 (ISIC4)
3.4
Statistical concepts and definitions
Establishment: It is an economic unit engaged in one, or more, economic activity(s) under one management, has a legal entity and owner, either individual or legal person, and has a fixed place where one economic activity or integrated and similar activities are practised.
Main Economic Activity: The leading economic activity carried out at the establishment. In the case of multiple activities, the owner of the Establishment determines the main activity, which achieves the greatest production or the biggest return for the Establishment.
Revenues: means revenues resulting from the establishment’s carrying out its main economic activity, its revenues resulting from its production of goods and services to meet the market demand.
Interest Income: The amounts due to the Establishment as a result of depositing in local banks or lending to local government and private entities and individuals as well as the benefits of bonds owned by the Establishment and the benefits of delaying debt repayments during the survey year.
Interest Expenses: The value of the interests incurred on funds borrowed from banks and financial institutions operating in the Emirate of Dubai and the amounts paid to depositors, not including the loan repayment premium.
Deposit: The term “deposit” refers to authorized amounts in any currency that are deposited with the bank which is due on demand, or the due date for individuals or institutions of all legal forms whether they reside within or outside UAE.
Credit: is the balance of loans provided by the establishment to third parties, which represent an asset for the establishment.
For more definitions please click the link to view survey methodology published on DSC website



3.5
Statistical unit
All establishments resident and licensed in the Emirate of Dubai
3.6
Statistical population
 
All Establishments Residence in the Emirate of Dubai and Operating in the Financial Sector by ISIC Rev. 4 (ISIC4)
3.7
Reference area
Emirate of Dubai
3.8
Time coverage
2006-2017
3.9
Base period
N/A
Value in 000 AED
Calender Year
6.1
Legal acts and other agreements

Dubai Statistics Center specializes in the construction of a modern and comprehensive statistical system and shall be the only official source for the collection, analysis and publication of Statistical information and data in the Emirate adopting harmonized methodological international standards in the collection, analysis, and dissemination of statistical data. For more information, please see the law number (28) related to Dubai Statistics Center

Click here to view the law details
6.2
Data sharing
The data are shared with the local Government Federal Competitiveness and Statistics Authority
7.1
Confidentiality - policy

Data confidentiality is governed by law number (28) for the year 2015 about Dubai Statistics Center, article number (9) 'Confidentiality of Statistical Data'.

Click here to view the law details

8.1
Release calendar
The project reports are published according to the statistical calendar displayed on the Dubai Statistics Center website which is after 14 months of the reference year
8.2
Release calendar access
Click here to access Dubai Statistics Center calendar information
Annual
10.1
News release
DSC website , official newspapers and social media
10.3
On-line database
Available under specific permissions to particular entities
10.4
Micro-data access
Micro-data are not available to public due to data confidentiality considerations. However, aggregated data are published to public
10.5
Other
DSC Application, Interactive Statistics, Idash Board
10.6
Documentation on methodology

The project was implemented according to GSBPM where it takes into consideration statistical quality scopes according to Statistical   data quality charter for the Emirate of Dubai that is adopted by the center specially those related accuracy, objectivity and comparability, since the classifications and methodologies used make the results of this project comparable on national regional and international levels being based on international classifications and methodologies.
Click here to view Dubai Statistics Center Statistical Data Quality Framework

12.1
User needs
Support decision-makers, policy-makers, researchers  to identify the following :
 Identifying the size of employment and their compensation in various activities of the financial sector, as well as the allocation of employees according to nationality and gender.
 Provide accurate data on the value of production and production inputs in the various activities of the sector.
 Providing accurate data on the change in fixed assets and estimating the financial sector capital formation.
 Providing data about credit according to economic activity.
 Providing data about money transfers to and from Dubai. 
 Providing accurate data on the change in financial assets and liabilities of the financial sector.




18.1
Source data
The database is based on surveys and administrative records
18.2
Frequency of data collection
Yearly
18.3
Data collection
Field surveys
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​ ​ ​ ​ ​ ​ ​ ​ ​
Title Publishing Year File Type File Type Metadata
Main Economic Indictors of Financial Sector 2019 2019 Document Icon Document Icon
Turenover of Financial Services Sector by Economic Activity - Emirate of Dubai 2019 2019 Document Icon Document Icon
Distribution of Employees in financial services Sector by Economic Activity, Nationality and Gender 2019 Document Icon Document Icon
Main Economic Indictors of Financial Sector 2018 Document Icon Metadata Icon
Turenover of Financial Services Sector by Economic Activity - Emirate of Dubai 2018 Document Icon Document Icon Metadata Icon
Distribution of Employees in financial services Sector by Economic Activity, Nationality and Gender 2018 Document Icon Document Icon Metadata Icon
Main Economic Indictors of Financial Sector 2017 Document Icon Document Icon Metadata Icon
Turenover of Financial Services Sector by Economic Activity 2017 Document Icon Document Icon
Distribution of Employees in financial services Sector by Economic Activity, Nationality and Gender 2017 Document Icon Document Icon
​ ​ ​ ​ ​
Title Description Publishing Year File Type File Size
Financial Services Survey Methodolgy 2018 Document Icon 554 KB
Financial Services Survey Methodolgy 2017 Document Icon 426 KB
Financial Services Survey Methodolgy 2016 Document Icon 559 KB
Financial Services Survey Methodolgy 2015 Document Icon 560 KB
Financial Services Survey Methodolgy 2014 Document Icon 563 KB
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