Date of publication
The OECD International Network on Financial Education (OECD/INFE) started developing the OECD/INFE Toolkit for measuring financial literacy and financial inclusion in 2009 via a dedicated working group and drawing on an OECD working paper, national surveys, international research and expert advice. The first Toolkit, developed in 2010, was welcomed by G20 leaders in September 2013. The initial questionnaire was first piloted in 2010 as part of the first OECD international financial literacy and financial inclusion measurement exercise, which led to the publication of the working paper “Measuring Financial Literacy: Results of the OECD/INFE Pilot Study”.
The Toolkit was then revised in 2015, and used in 2015/16 by around 40 countries and economies that participated in an international survey of adult financial literacy competencies. Results were published for a first set of 30 countries in the OECD/INFE International Survey of Adult Financial Literacy Competencies. A complementary report was released focusing on the G20.
A subsequent revision took place in 2018 with the aim of updating its content and enlarging its scope to also cover subjective financial well-being. The 2018 version of the toolkit was used for an international survey in 2019/20, whose results are collected in the OECD/INFE 2020 International Survey of Adult Financial Literacy. The Toolkit has also been used to collect financial literacy data in a variety of technical assistance projects implemented by the OECD (such as in the Commonwealth of Independent States and in Southeast Europe), with results collected in regional reports.