Sign In
Abu Dhabi Economic Development Releases the  4th. Quarter  National Family  Conditions Observatory Index

News Details

​​​​

 

 Catalog-Item Reuse ‭[1]‬

 Catalog-Item Reuse ‭[2]‬

News Details

Abu Dhabi Economic Development Releases the  4th. Quarter  National Family  Conditions Observatory Index

Wednesday, December 28, 2011
The percentage of  borrowers in UAE citizen families in the Emirate of Abu Dhabi, according to the results of opinion polls  conducted during the third quarter of 2011, went up by 3.8% compared to the same period in 2010, as it increased from  61.5% in 2010   to 57.7% The results of the National Family  Conditions Observatory Index, Observatory  released by the Studies Directorate of the Department of Economic Development in Abu Dhabi,  indicated that personal loans have become a burden and  exert great pressure on citizen families, as laons constituted in average about 19.2% of the monthly household expenditure in the third quarter of 2011, down by (1%)  compared to the same period in 2010, whears 48% of citizen  families, expected  that their monthly expenditure would  increase during the fouth quarter of this year. The results indicate that the largest percentage of loans are spent on education of children and  private tutoring, in addition to car financing. According to the index, citizens family, in the Emirate of Abu Dhabi's  have felt the rise in the prices of food commodities in particular in the third quarter of 2011, compared  to the second quarter of the same year. The   general index for, the third quarter of 2011, increased by (1) point in September 2011, recording 79 points compared to 78 points in the second quarter of 2011. Despite the  increrase in food prices felt by citizens, there is no change in the pattern of consumption, as most families  continued  to consume  nearly the same amount or  sometimes more of the same quantities of the commodity which awitnessed an increase in price.The largest percentage ofcitizen families, within the sample, indicated that their consumption consumption of food commodities had increased despite the rise in  prices in the emirate, particular with regard to meat, fish, poultry and dairy products. The  results of  the National Family  Conditions Observatory Index  fall in line with the with the results of the Consumer  confidence in Economic Performance Index, which  revealed high awareness of consumers about the emirate  the hikes in prices observed in the Food and non-alcoholic beverages category;  and  the low optimism among consumers about their financial situation.Statistics Center report of August 17, 2011  revealed that the consumer prices index during the first seven months of 2011 increased by 2.5%, compared to the same period in 2010, stressing that the Food and non-alcoholic beverages  category, was the group  that  inspired the hike in consumer prices, as it contributed  by 54.9% during the  same period.According to the index, the survey  was conducted in the Month of Ramadan  as the rise  coincided alsao with  the back-to-school period  and the beginning of university terms, which in turn increased the financial pressure on families The Family Conditions Indicator revealed important data, most notably the average household expenditure on education  which stood at  AED 31.987 per year;  and the average spending on mobile phones  which  registered AED 3595 during the three months preceding, the average household expenditure on fixed phones and the Internet  at AED 1248 during the three  preceding months. About 62% of the respondents, according to indicator, continuously  changed their mobile phones, 62.4% of the respondents  biught their cars through bank financing, and they  registered an  increase of 3% compared  to the same period in 2010.The importance of  the National Family  Conditions Observatory lies in  the  relative weight of citizen families, in the community of the Emirate. The Observatory aims  at monitoring and analyzing a number of  issuues related to the conditions of citizens in the emirate, as it contains a set of indicators that measure conditions of the  citizen families, and traces the changes in the lifestyle of citizens in various aspects of economic and social developments. This is done through regular field monitoring of these changes and building a set of indicators that reflect the up or down trends of these changes to measure their negatively or positively impact.The  main dea  of the opinion polls  based on field interviews, is to to  periodiaclly measure a number of indicators at the level of the citizens of the emirate, in addition to monitoring a number of issues and problems that arise  in the community, in order to identify the effects on citizens and measure their attitudes  and response about these issues.The aim of indicators to measure the conditions of citizen families in the Emirate of Abu Dhabi, is to identify changes  that affect the citizens patterns of living and  their spending on goods and services. This is  done through a set of indicators including indicators to detect changes in the prices of goods and services and change in the consumption of goods and services.The  family conditions indicators are calculated  based on opinion polls a nd field interviews for a multi-stage stratified random samples.
Follow us