ECCB 2023-2024 Annual Report

EASTERN CARIBBEAN CENTRAL BANK ANNUAL REPORT 2023 - 2024

Financial Literacy and Financial Inclusion Survey

The ECCB launched the results of the first ECCU Financial Literacy and Financial Inclusion Survey in September 2023. The results of this survey provided a gauge of the public’s awareness of, access to, and use of, financial products and services. Financial literacy was low across all ECCU countries. An overall financial literacy score of 61.0 per cent highlights low levels of financial literacy across all ECCU countries. The overall financial literacy score was 12.2 out of a maximum of 20. The derived financial literacy score ranged from a minimum value of 0 to a maximum of 20. Scoring the maximum of 20 suggests that an individual has acquired a basic level of understanding and use of finance.

Chart I - Overall Financial Literacy Score and Components

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