Financial inclusion in algeria: reality and outlook

Abstract EN

The purpose of our paper is to study the importance of financial inclusion and to examine the evolution of its main indicators in Algeria.

The study concluded that an improvement in financial inclusion allows people to make many financial transactions more efficiently and to help the poor people to out of poverty by promoting education, health and business.

The analysis of financial inclusion in Algeria showed that there are colossal efforts to be deployed: only 43% of adults have a current account with a gender gap of 27% which remains higher compared to the world average (7%), just 5% of account owners used the internet to pay bills or to buy something online.

the main way to saving money is in cash at home or saving in the jewellery, or real estate.

Moreover, family and friends remain the main source of borrowing money or to come up with emergency funds.