Country Financial Sector Profilesback

Financial Sector Overview

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Algeria’s financial sector is well developed relative to the regional average and comparable in size to that of other countries in the middle-income group, but remains relatively closed and undiversified. Based on a cross-country comparison, net interest margins and bank cost-income ratios show that the efficiency of the banking system is in line with income-group and regional averages, but its ability to channel funds to the private sector, as indicated by the ratio of credit to the private sector, remains limited. Lorem ipsum dolor sit amet, consectetuer adipiscing elit sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpatconsectetuer adipiscing elit sed diam nonummy nibh euismod tincidunt ut laoreet dolore.

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At a Glance

Source
Population in thousands (2017): 41,318.14
GDP per capita (current US$) 2017 - World Average 10,721.61: 4,055.25
Account (%) age 15+) - (2014 vs 2017): 50% | 43%
Agriculture Orientation Index - Credit (Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): n/a
Financial Inclusion Strategies: n/a English
Domestic credit provided by financial sector (% of GDP) 2017: 67.92
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 25% | 26%
Remittances % of GDP for 2017: 0.0119
Mortgage Interest Rate / Mortgage Term (years): 5.75% | 20 years

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Latest News & Events

Mar 05, 2019
MFW4A organized the last edition of its African financial sector dialogue series on February 27-28, 2019 in Tunis, Tunisia.

Latest Publications

Mar 31, 2017 | N. Chehade, A. Navarro, Y. Barnier et al. | CGAP, Arab Monetary Fund
Dec 31, 2016 | H. Attia, H. Engelhardt | GIZ
Jul 31, 2016 | P. Calice | The World Bank
Jul 31, 2016 | J.J. Cortina Lorente, S. Ismail, S.L. Schmukler | The World Bank
Jun 30, 2016 | Irving Fisher Committee on Central Bank Statistics (IFC) | BIS