Country Financial Sector Profilesback

Financial Sector Overview

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.

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At a Glance

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