The MasterCard Financial Literacy Index brings in a lot of surprises about the financial literacy rate of various countries. The survey conducted among 12,205 respondents aged 18 – 64 in 27 countries across Asia/Pacific, Middle East and Africa (APMEA) between April 2013 and May 2013.
As per the survey New Zealand is the most financially literate country in the Asia Pacific region. Second comes Singapore and Taiwan is third in Asia Pacific Region. This survey had three components and separate results were generated on the base of these three.
In Basic Money Management New Zealand scored 77 points came as the top place Australia got the second place with 75 points. Third place went to Singapore. In this segment the worst performer is India that too in the last place with 50 points which is 5 points lesser than 2012. This result is solely for Asia Pacific Region.
In Financial Planning the small country Myanmar topped the first place with 88 points they remained in the first place last year also. Taiwan came second with 83 pointsbut the worst performers in financial planning is surprisingly Japan with 68 points like last year. This is just for Asia Pacific Region. The countries who improved are Bangladesh, Thailand, India, China, Australia and New Zealand.
The countries that did well in an investment segment of Asia Pacific Region are Thailand, China, Australia, New Zealand and Hong Kong. China comes first in the list and Hong Kong second. The worst performer in this segment is Myanmar.
In APMEA Region financial literacy rate is highest in New Zealand however surprisingly Japan is the lowest financial literate country below India. In this study countries from Asia Pacific Region were included.
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