Country Profiles provide key indicators for Romania (2010) concerning people's financial knowledge (literacy), behavior and attitudes, as well as indicators related to financial inclusion and consumer protection issues. All these indicators are broken down into subgroups according to socio-demographics. From a policy perspective this information is pivotal to strengthen the existing consumer protection framework and to promote financial inclusion by building consumers’ trust in financial institutions and encouraging first-time consumers to access financial services.


Economy Overview

Region
Eastern Europe & Central Asia
Income Group
Upper middle income
Population
21,390,000
GNI
7,910
Formal accounts penetration
44.59
Formal loans usage
8.37
Formal savings usage
8.69
Government payments through accounts
15.25
  • Excel
  • Print
Indicator Romania  
Percent of adults who budget

60  
Percent of adults who keep track of income and expenses

19.6  
Percent of adults who save unspent money

47.3  
Percent of adults who make provisions for unexpected expenses

31.1  
Percent of adults who make provisions for their children's future

7.6  
Percent of adults who check terms and conditions

18.9  
  • - The data has not been weighted to match population totals
    - The financial capability scores have been computed by using a statistical method called factor analysis. The method is used to aggregate variables to obtain a single indicator (or score) for a certain aspect of financial capability. Each score ranges between 0 (lowest score) and 100 (highest score).