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Financial Literacy: Percentiles


Percentile Scores

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Table FL3. Cut scores of 15-year-old students on PISA financial literacy scale at selected percentiles and percentile cut score gaps, by education system: 2012
Education system Percentile
10th   25th   50th   75th   90th   90th to 10th
Cut score s.e.   Cut score s.e.   Cut score s.e.   Cut score s.e.   Cut score s.e.   Cut score gap s.e.
OECD average (FL) 373 2.4   439 1.6   505 1.3   566 1.4   620 1.7   247   2.8
Latvia 402 6.1   449 5.1   503 4.7   556 4.7   598 5.5   196 7.9
Estonia 428 5.0   476 3.7   530 4.0   582 4.3   631 5.1   203 6.8
Shanghai-China 495 6.9   549 5.0   610 3.8   662 4.0   704 3.7   208 7.8
Poland 401 5.9   454 5.3   514 5.0   566 3.7   611 6.3   210 7.9
Croatia 373 5.4   427 5.3   481 4.7   540 5.0   586 5.9   213 7.5
Spain 371 6.0   429 5.1   489 3.9   543 4.3   593 4.0   222 7.4
Italy 350 4.3   412 3.6   472 2.6   528 2.9   574 2.9   224 4.7
Czech Republic 399 7.2   456 5.9   516 4.2   573 3.5   624 5.8   225 9.3
Russian Federation 367 6.2   432 6.3   492 4.6   549 4.5   593 5.4   226 8.0
Slovenia 366 8.3   426 4.7   486 4.3   546 5.7   598 6.8   232   10.3
Belgium-Flemish Community 409 6.7   480 6.3   550 4.1   611 3.9   660 6.8   251   8.6
Australia 398 4.7   461 3.4   528 2.7   595 3.6   653 4.0   255   6.2
United States 364 7.3   424 6.1   490 6.8   561 7.2   620 8.3   256   10.1
Slovak Republic 331 13.0   409 7.6   477 6.0   541 6.1   596 6.9   265   14.1
Colombia 241 9.8   312 6.3   383 5.5   451 5.3   508 6.5   267   10.6
France 347 9.6   423 5.8   494 4.3   557 5.5   616 6.7   269   12.4
Israel 322 16.1   410 9.2   487 6.5   556 6.6   616 8.7   294 15.3
New Zealand 361 9.6   442 6.2   527 6.0   603 4.8   667 6.4   306 10.9
Cut score gap is larger than the U.S. percentile cut score gap.
Cut score gap is smaller than the U.S. percentile cut score gap.
NOTE: This table shows the threshold (or cut) scores for the following: (a) 10th percentile- the bottom 10 percent of students; (b) 25th percentile- the bottom 25 percent of students; (c) 50th percentile- the median (half the students scored below the cut score and half scored above it); (d) 75th percentile- the top 25 percent of students; (e) 90th percentile- the top 10 percent of students. The percentile ranges are specific to each education system's distribution of scores, enabling users to compare cut scores across education systems. Education systems are ordered by cut score gap. Scores are reported on a scale from 0 to 1,000. All cut score gaps reported as higher or lower than the U.S. cut score gap are different at the .05 level of statistical significance. The OECD average (FL) is the average of the national percentages of the 13 OECD member countries that participated in the financial literacy (FL) assessment, with each country weighted equally. The following OECD countries participated in the financial literacy assessment: Australia, Belgium-Flemish Community, Czech Republic, Estonia, France, Israel, Italy, New Zealand, Poland, Slovak Republic, Slovenia, Spain and the United States. Standard error is noted by s.e. Italics indicate non-OECD countries and education systems.
SOURCE: Organization for Economic Cooperation and Development (OECD), Program for International Student Assessment (PISA), 2012.

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National Center for Education Statistics - http://nces.ed.gov
U.S. Department of Education