Financial education

Measuring Financial Literacy


Assessing the levels of financial literacy in the population is a key component of a successful national strategy for financial education, enabling policy makers to identify gaps and design appropriate responses. International comparisons increase the value of such an assessment by enabling countries to benchmark themselves with other countries. Where similar patterns are identified across countries, national authorities can work together to find common methods for improving financial literacy within their respective populations.


OECD PISA financial literacy assessment of students

The OECD Programme for International Student Assessment (PISA) has tested 15 year-olds on their knowledge of  personal finances and ability to apply it to their financial problems. This is the first large-scale international study to assess the financial literacy of young people. The results of this assessment were released in July 2014.

OECD-INFE Toolkit to measure financial literacy and financial inclusion

Addressing a call by G20 Leaders to develop practical tools for financial literacy measurement, this toolkit incorporates a survey instrument that can be used to capture key information about financial behaviour, knowledge and attitudes in a wide range of countries with different income levels and allows international comparisons. 

Measuring Financial Literacy - Pilot results from 14 countries

This paper presents the results of an OECD/INFE pilot survey on variations in financial knowledge, behaviour and attitude across 14 countries on 4 continents. It also explores differences in levels of financial literacy by socio-demographics within each of the countries.


The results highlight a lack of financial knowledge amongst a sizeable proportion of the population in each of the countries surveyed. Furthermore, there is considerable room for improvement in terms of financial behaviour. Attitudes are shown to vary widely.

Questionnaire for conducting surveys of financial literacy

This questionnaire was developed to measure financial literacy around the world. It is available for use by public authorities and other interested bodies to collect data that will enable countries to gather baseline information on levels of financial literacy, measure financial literacy nationally and undertake comparisons with other countries.


The questionnaire captures information about the population’s attitude towards financial matters as well as their behaviour and knowledge. Questions cover a wide range of topics such as budgeting and money management, saving and long-term planning and the use of financial products.


The document also proposes a methodology to ensure cross-country comparability, and provides guidance on important considerations when commissioning a national survey. The annex offers suggestions on how to brief interviewers in preparation for the fieldwork.


set of supplementary questions has also been developed to allow countries the opportunity to increase the breadth of their national questionnaire whilst ensuring international comparability through the core component.




OECD PISA financial literacy assessment of students


OECD-INFE Toolkit to measure financial literacy and financial inclusion (2013)

OECD-INFE Toolkit to measure financial literacy and fianncial inclusion (2015): to be released

Measuring Financial Literacy - Pilot results from 14 countries


Measuring Financial Literacy: Questionnaire and Guidance Notes (pdf, 816KB)


Optional Survey Questions for the OECD INFE Financial Literacy Core Questionnaire (pdf, 352 KB)


Framework for the Development of Financial Literacy Baseline Surveys: A First International Comparative Analysis


OECD PISA financial literacy assessment


Ms. Flore-Anne Messy
Tel: +33 1 45 24 96 56