Formal Savings Statistics in Algeria (2026)
As of the 2024 data, 16.6% of adults in Algeria saved at a formal financial institution, per World Bank Global Findex. Up from 16% in 2021 to 16.6% in 2024 (+0.5 percentage points). Algeria ranks #7 of 18 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #87 of 142 globally.
Key Statistics
- Latest value (2024)
- 16.6% (2024)
- Formal Savings in Algeria as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.5 pp (2024)
- Up from 16% in 2021 to 16.6% in 2024 (+0.5 percentage points).
- Earliest value in this dataset (2011)
- 4.3% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 4.3% in 2011 to 16.6% in 2024.
- Record high (2024)
- 16.6% (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
- #7 of 18 (2024)
- Algeria ranks 7 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #87 of 142 (2024)
- Algeria ranks 87 of 142 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 17.2% (2024)
- Algeria (16.6%) is below the average of 17.2% across the 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Among women (2024)
- 10% (2024)
- Value for women in Algeria, same 2024 World Bank Global Findex data.
- Among men (2024)
- 22.8% (2024)
- Value for men in Algeria, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −12.8 pp (2024)
- In 2024, the figure was 10% for women and 22.8% for men — 12.8 percentage points lower among women.
- In rural areas (2024)
- 11.4% (2024)
- Value for rural residents of Algeria in 2024.
- Rural gap vs national
- −5.1 pp (2024)
- Rural residents (11.4%) are 5.1 percentage points below the national figure (16.6%).
- Among the poorest 40% (2024)
- 14.4% (2024)
- Value for adults in the poorest 40% of households in Algeria in 2024.
- Poorest-40% gap vs national
- −2.2 pp (2024)
- The poorest 40% (14.4%) are 2.2 percentage points below the national figure (16.6%).
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 16.6% | +0.5 pp |
| 2021 | 16% | +4.6 pp |
| 2017 | 11.4% | −2.4 pp |
| 2014 | 13.8% | +9.4 pp |
| 2011 | 4.3% | — |
Frequently asked questions
What share of adults in Algeria saved at a formal financial institution?
16.6% of adults in Algeria saved at a formal financial institution in 2024, according to World Bank Global Findex data.
How recent is the formal savings data for Algeria?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Algeria.
Where does the formal savings data for Algeria come from?
The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Algeria is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal savings in Algeria changed over time?
World Bank Global Findex data show a rise from 4.3% in 2011 to 16.6% in 2024.
How does Algeria compare with other countries in Middle East, North Africa, Afghanistan & Pakistan?
Algeria ranks 7 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, with 16.6% versus a regional average of 17.2% (latest values per country).
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .