Program for International Student Assessment (PISA): 2012 Results -Financial Literacy: Average Scores

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Financial Literacy: Average Scores

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Table FL2. Average scores of 15-year-old students on PISA financial literacy scale, by education system: 2012
Education system	Average score	*s.e.*
OECD average (FL)	500	1.0
Shanghai-China	603	3.2
Belgium-Flemish Community	541	3.5
Estonia	529	3.0
Australia	526	2.1
New Zealand	520	3.7
Czech Republic	513	3.2
Poland	510	3.7
Latvia	501	3.3
United States	492	*4.9*
Russian Federation	486	3.7
France	486	3.4
Slovenia	485	3.3
Spain	484	3.2
Croatia	480	3.8
Israel	476	6.1
Slovak Republic	470	4.9
Italy	466	2.1
Colombia	379	4.7
Average score is higher than U.S. average score. Average score is lower than U.S. average score. NOTE: Education systems are ordered by 2012 average score. Scores are reported on a scale from 0 to 1,000. All average scores reported as higher or lower than the U.S. average score 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.