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Global Financial Inclusion (Global Findex) Database 2014

Afghanistan, Angola, Angola...and 151 more, 2014
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Reference ID
WLD_2014_FINDEX_v01_M
Producer(s)
Development Research Group, Finance and Private Sector Development Unit
Metadata
DDI/XML JSON
Study website
Created on
Jan 29, 2016
Last modified
Jun 14, 2022
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6689
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  • Study Description
  • Data Dictionary
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  • Related Publications
  • Identification
  • Version
  • Scope
  • Coverage
  • Producers and sponsors
  • Sampling
  • Survey instrument
  • Data collection
  • Data appraisal
  • Depositor information
  • Data Access
  • Disclaimer and copyrights
  • Metadata production
  • Identification

    Survey ID number

    WLD_2014_FINDEX_v01_M

    Title

    Global Financial Inclusion (Global Findex) Database 2014

    Country
    Name Country code
    Afghanistan AFG
    Angola AGO
    Angola AGO
    Albania ALB
    Albania ALB
    United Arab Emirates ARE
    Argentina ARG
    Argentina ARG
    Armenia ARM
    Armenia ARM
    Australia AUS
    Australia AUS
    Austria AUT
    Austria AUT
    Azerbaijan AZE
    Azerbaijan AZE
    Burundi BDI
    Burundi BDI
    Belgium BEL
    Belgium BEL
    Benin BEN
    Benin BEN
    Burkina Faso BFA
    Burkina Faso BFA
    Bulgaria BGR
    Bulgaria BGR
    Bahrain BHR
    Bahrain BHR
    Bosnia and Herzegovina BIH
    Bosnia and Herzegovina BIH
    Bolivia BOL
    Bolivia BOL
    Brazil BRA
    Brazil BRA
    Bhutan BTN
    Bhutan BTN
    Botswana BWA
    Botswana BWA
    Canada CAN
    Switzerland CHE
    Chile CHL
    China CHN
    Côte d'Ivoire CIV
    Cameroon CMR
    Cameroon CMR
    Colombia COL
    Costa Rica CRI
    Cyprus CYP
    Czech Republic CZE
    Germany DEU
    Denmark DNK
    Dominican Republic DOM
    Algeria DZA
    Algeria DZA
    Ecuador ECU
    Spain ESP
    Estonia EST
    Ethiopia ETH
    Finland FIN
    France FRA
    Gabon GAB
    United Kingdom GBR
    Georgia GEO
    Ghana GHA
    Guinea GIN
    Greece GRC
    Guatemala GTM
    Hong Kong SAR, China HKG
    Honduras HND
    Croatia HRV
    Haiti HTI
    Hungary HUN
    Indonesia IDN
    India IND
    Ireland IRL
    Iraq IRQ
    Israel ISR
    Italy ITA
    Jamaica JAM
    Jordan JOR
    Japan JPN
    Kazakhstan KAZ
    Kenya KEN
    Kyrgyz Republic KGZ
    Cambodia KHM
    Cambodia KHM
    Korea, Rep. KOR
    Kosovo KSV
    Kuwait KWT
    Lebanon LBN
    Sri Lanka LKA
    Lithuania LTU
    Luxembourg LUX
    Latvia LVA
    Moldova MDA
    Madagascar MDG
    Mexico MEX
    North Macedonia MKD
    Mali MLI
    Malta MLT
    Myanmar MMR
    Montenegro MNE
    Mongolia MNG
    Mauritania MRT
    Mauritius MUS
    Malawi MWI
    Malaysia MYS
    Namibia NAM
    Niger NER
    Nigeria NGA
    Nicaragua NIC
    Netherlands NLD
    Norway NOR
    Nepal NPL
    New Zealand NZL
    Pakistan PAK
    Panama PAN
    Peru PER
    Philippines PHL
    Poland POL
    Puerto Rico PRI
    Portugal PRT
    Romania ROU
    Russian Federation RUS
    Rwanda RWA
    Saudi Arabia SAU
    Sudan SDN
    Senegal SEN
    Singapore SGP
    Sierra Leone SLE
    El Salvador SLV
    Somalia SOM
    Serbia SRB
    Slovak Republic SVK
    Slovenia SVN
    Sweden SWE
    Chad TCD
    Togo TGO
    Thailand THA
    Tajikistan TJK
    Turkmenistan TKM
    Tunisia TUN
    Turkiye TUR
    Taiwan, China TWN
    Tanzania TZA
    Uganda UGA
    Ukraine UKR
    Uruguay URY
    United States USA
    Uzbekistan UZB
    Vietnam VNM
    West Bank and Gaza WBG
    South Africa ZAF
    Zambia ZMB
    Series Information

    The Global Financial Inclusion (Global Findex) Database is the world’s most comprehensive gauge of how adults around the world save, borrow, make payments and manage risk. Launched in 2011 with the support of the Bill & Melinda Gates Foundation, the Global Findex for the first time made it possible to measure financial inclusion for adults around the world, including women, the poor, and rural residents.

    Three years later, the 2014 Global Findex provides an update on the indicators collected in 2011 while adding more nuanced data on mobile money accounts and domestic payments. The Global Findex indicators are drawn from survey data collected by Gallup, Inc. over the 2014 calendar year, covering around 150,000 adults in more than 140 economies and representing about 97 percent of the world’s population. The set of indicators will be collected again in 2017.

    Abstract

    Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

    By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

    Kind of Data

    Sample survey data [ssd]

    Unit of Analysis

    Individual

    Version

    Version Date

    2015-08-12

    Scope

    Notes

    While the first edition provided more than 60 indicators on financial inclusion, the 2014 Global Findex features more than 100 indicators. The database includes indicators on ownership of financial institution accounts and mobile money accounts; use of mobile money accounts for savings and payments; purposes of account use, such as receiving government transfers, wage payments, and agricultural payments; how adults send and receive domestic remittances; savings behavior; use of savings methods, such as banks, and informal savings clubs or people outside the family; sources of borrowing, such as banks, friends, family members; and purposes of borrowing, such as home purchases, school fees, and emergencies. The 2014 Global Findex survey also explored the topic of financial resilience and contains information on how adults deal with emergencies by asking whether and how they can come up with money to deal with them.

    Coverage

    Geographic Coverage

    The 2014 Global Findex Database covers around 150,000 adults in more than 140 economies and representing about 97 percent of the world's population.
    See Methodology document for country-specific geographic coverage details.

    Universe

    The target population is the civilian, non-institutionalized population 15 years and above.

    Producers and sponsors

    Primary investigators
    Name Affiliation
    Development Research Group, Finance and Private Sector Development Unit World Bank
    Producers
    Name Role
    Gallup, Inc. Carried out the survey in association with its annual Gallup World Poll.
    Funding Agency/Sponsor
    Name Role
    Development Research Group, World Bank
    The Bill and Melinda Gates Foundation Financial Support

    Sampling

    Sampling Procedure

    As in the first edition, the indicators in the 2014 Global Findex are drawn from survey data covering almost 150,000 people in more than 140 economies-representing more than 97 percent of the world's population. The survey was carried out over the 2014 calendar year by Gallup, Inc. as part of its Gallup World Poll, which since 2005 has continually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 140 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. The set of indicators will be collected again in 2017.

    Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or is the customary methodology. In most economies the fieldwork is completed in two to four weeks. In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid. In economies where cultural restrictions dictate gender matching, respondents are randomly selected through the Kish grid from among all eligible adults of the interviewer's gender.

    In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

    Weighting

    Data weighting is used to ensure a nationally rep¬resentative sample for each economy. Final weights consist of the base sampling weight, which corrects for unequal probability of selection based on house¬hold size, and the poststratification weight, which corrects for sampling and nonresponse error. Poststratification weights use economy-level population statistics on gender and age and, where reliable data are available, education or socioeconomic status.

    Survey instrument

    Questionnaires

    The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

    Questions on cash withdrawals, saving using an informal savings club or person outside the family, domestic remittances, school fees, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

    Data collection

    Dates of Data Collection
    Start End
    2014-01-01 2014-12-31
    Frequency of Data Collection

    Triennial

    Time periods
    Start date End date
    2014-01-01 2014-12-31

    Data appraisal

    Estimates of Sampling Error

    Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7255, World Bank, Washington, D.C.

    Depositor information

    Depositor
    Name Affiliation
    Development Research Group, Finance and Private Sector Development Unit World Bank

    Data Access

    Access authority
    Name Affiliation URL Email
    Global Findex World Bank http://www.worldbank.org/globalfindex globalfindex@worldbank.org
    Citation requirements

    Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World”. Policy Research Working Paper 7255, World Bank, Washington, D.C.

    Disclaimer and copyrights

    Disclaimer

    The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.

    Metadata production

    DDI Document ID

    DDI_WLD_2014_FINDEX_v02_M_WB

    Producers
    Name Affiliation Role
    Development Economics Data Group The World Bank Documentation of the DDI
    Date of Metadata Production

    2015-06-25

    Metadata version

    DDI Document version

    DDI Document - Version 02 - (04/21/21)
    This version is identical to DDI_WLD_2014_FINDEX_v01_M_WB but country field has been updated to capture all the countries covered by survey.

    Version 01 (August 2015)

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