Formal Borrowing Statistics in Algeria (2026)
As of the 2024 data, 6.5% of adults in Algeria borrowed from a formal financial institution, per World Bank Global Findex. Up from 3.8% in 2021 to 6.5% in 2024 (+2.7 percentage points). Algeria ranks #12 of 18 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #118 of 142 globally.
Key Statistics
- Latest value (2024)
- 6.5% (2024)
- Formal Borrowing in Algeria as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +2.7 pp (2024)
- Up from 3.8% in 2021 to 6.5% in 2024 (+2.7 percentage points).
- Earliest value in this dataset (2014)
- 5.8% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 5.8% in 2014 to 6.5% in 2024.
- Record high (2024)
- 6.5% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Algeria.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #12 of 18 (2024)
- Algeria ranks 12 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #118 of 142 (2024)
- Algeria ranks 118 of 142 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 15.7% (2024)
- Algeria (6.5%) is below the average of 15.7% across the 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Internet use in Algeria (2024)
- 77.4% (2024)
- 77.4% of the population in Algeria used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 46.8 million (2024)
- Algeria had a population of 46.8 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 6.5% | +2.7 pp |
| 2021 | 3.8% | −1.2 pp |
| 2017 | 5% | −0.9 pp |
| 2014 | 5.8% | — |
Frequently asked questions
What share of adults in Algeria borrowed from a formal financial institution?
6.5% of adults in Algeria borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
Where does the formal borrowing data for Algeria come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Algeria is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Algeria changed over time?
World Bank Global Findex data show a rise from 5.8% in 2014 to 6.5% in 2024.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .