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 |
![]() ![]() 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. |