Microeconomic Drivers of Financial Inclusion: Evidence from Morocco

Financial inclusion is a key policy priority in developing economies, but significant disparities in access to financial services persist. This study examines the microeconomic drivers of financial inclusion in Morocco using data from the Global Findex 2024, based on a sample of 1014 individuals. A probit model is employed to estimate the probability of holding a financial account, complemented by marginal effects and logit estimations for robustness. The results show that education, employment status, income level, and urban residence significantly increase the probability of financial inclusion, while limited financial literacy reduces it. These findings highlight the persistence of socioeconomic disparities and suggest that financial inclusion in Morocco remains uneven across population groups. By providing updated micro-level evidence, this study contributes to the literature by quantifying the role of key determinants and informing policies aimed at improving financial literacy and reducing territorial inequalities.