Financial capability encompasses the knowledge, attitudes, skills and behaviors of consumers with regard to managing their resources and understanding, selecting, and making use of financial services that fit their needs. The indicators on this page measure financial knowledge (financial literacy) and show the percentage of people with understanding of fundamental financial concepts, awareness of products/services, and basic numeracy skills. This knowledge is needed for making well-informed and sound decisions in increasingly sophisticated financial markets. A database query tool tool helps you evaluate the financial knowledge of different subgroups of the population. You can also generate graphs to compare countries.

Click on the country names below to see the details for a specific economy. To sort data click on the column headers.

About Financial Capability and Consumer Protection

The Financial Capability and Consumer Protection surveys measure the internal capacity to take sound financial decisions, as well as the interaction of this capacity with the enabling environment. Measured external factors include the existing financial infrastructure and consumer protection mechanisms.

VIEWING INDICATORS

Percent of adults with understanding of inflationThis indicator denotes the percentage of respondents (aged +18) with understanding of inflation
Percent of adults with understanding of simple interestThis indicator denotes the percentage of respondents (aged +18) with understanding of simple interest
Percent of adults with understanding of compound interestsThis indicator denotes the percentage of respondents (aged +18) with understanding of compound interests.
Percent of adults who can think in real monetary values (money illusion)This indicator denotes the percentage of respondents (aged +18) who can think in real monetary values (money illusion)
Percent of adults correctly calculating a simple division.This indicator denotes the percentage of respondents (aged +18) who correctly calculate a simple division problem.
Percent of adults with basic numeracy skills (to identify better bargains)This indicator denotes the percentage of respondents (aged +18) with basic numeracy skills required to identify better bargains.
World51.542.33550.588.270.1
East Asia and Pacific38.969.257.8..96.886
Eastern Europe and Central Asia43.331.534.547.890.267.5
Latin America and Caribbean68.432.932.4..84.1..
Middle East and North Africa70.465.623.264.288.170.1
Armenia (2012)............
Azerbaijan (2009)45.8..46.261.7..78.1
Bosnia and Herzegovina (2011)58.2..21.861.5..74.8
Bulgaria (2010)45.8..39.342.8..66
Colombia (2012)68.718.725.9..86..
Lebanon (2012)70.465.623.2..88.1..
Mexico (2012)5530.431.2..80.1..
Mongolia (2012)38.969.257.8..96.886
Romania (2010)36.8..20.627.2..43.1
Russian Federation (2008)54.4..39.545.6..69.6
Tajikistan (2012)16.834.956.3..96.573.5
Turkey (2012)45.628.117.7..83.9..
Uruguay (2012)81.649.540.1..86.3..
West Bank and Gaza (2011)......64.2..70.1