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    Home / Central Data Catalog / GLOBAL-FINDEX / WLD_2011_FINDEX_V02_M
global-findex

Global Financial Inclusion (Global Findex) Database 2011

Afghanistan, Albania, Algeria...and 134 more, 2011
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Reference ID
WLD_2011_FINDEX_v02_M
DOI
https://doi.org/10.48529/wnvd-y919
Producer(s)
Development Research Group, Finance and Private Sector Development Unit
Collection(s)
Global Financial Inclusion (Global Findex) Database Fragility, Conflict and Violence
Metadata
Documentation in PDF DDI/XML JSON
Study website Interactive tools
Created on
Dec 12, 2012
Last modified
Jun 13, 2022
Page views
171472
Downloads
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  • Study Description
  • Data Description
  • Documentation
  • Get Microdata
  • Related citations
  • Related datasets
  • Identification
  • Scope
  • Coverage
  • Producers and sponsors
  • Sampling
  • Data Collection
  • Questionnaires
  • Data Appraisal
  • Access policy
  • Disclaimer and copyrights
  • Metadata production

Identification

Survey ID Number
WLD_2011_FINDEX_v02_M
Title
Global Financial Inclusion (Global Findex) Database 2011
Country/Economy
Name Country code
Afghanistan AFG
Albania ALB
Algeria DZA
Angola AGO
Argentina ARG
Armenia ARM
Australia AUS
Austria AUT
Azerbaijan AZE
Bahrain BHR
Belgium BEL
Benin BEN
Bolivia BOL
Bosnia and Herzegovina BIH
Botswana BWA
Brazil BRA
Bulgaria BGR
Burkina Faso BFA
Burundi BDI
Cambodia KHM
Cameroon CMR
Canada CAN
Central African Republic CAF
Chad TCD
Chile CHL
China CHN
China CHN
Colombia COL
Comoros COM
Costa Rica CRI
Croatia HRV
Cyprus CYP
Czech Republic CZE
Denmark DNK
Djibouti DJI
Dominican Republic DOM
Ecuador ECU
Egypt, Arab Rep. EGY
El Salvador SLV
Estonia EST
Eswatini SWZ
Finland FIN
France FRA
Gabon GAB
Georgia GEO
Germany DEU
Ghana GHA
Greece GRC
Guatemala GTM
Guinea GIN
Haiti HTI
Honduras HND
Hungary HUN
India IND
Indonesia IDN
Iraq IRQ
Ireland IRL
Israel ISR
Italy ITA
Jamaica JAM
Japan JPN
Jordan JOR
Kazakhstan KAZ
Kenya KEN
Kosovo KSV
Kuwait KWT
Kyrgyz Republic KGZ
Lao PDR LAO
Latvia LVA
Lebanon LBN
Lesotho LSO
Liberia LBR
Lithuania LTU
Luxembourg LUX
Madagascar MDG
Malawi MWI
Malaysia MYS
Mali MLI
Malta MLT
Mauritania MRT
Mauritius MUS
Mexico MEX
Moldova MDA
Mongolia MNG
Montenegro MNE
Morocco MAR
Nepal NPL
Netherlands NLD
New Zealand NZL
Nicaragua NIC
Niger NER
Nigeria NGA
North Macedonia MKD
Oman OMN
Pakistan PAK
Panama PAN
Paraguay PRY
Peru PER
Poland POL
Portugal PRT
Qatar QAT
Romania ROU
Russian Federation RUS
Rwanda RWA
Saudi Arabia SAU
Senegal SEN
Serbia SRB
Sierra Leone SLE
Singapore SGP
Slovak Republic SVK
Slovenia SVN
South Africa ZAF
Spain ESP
Sri Lanka LKA
Sudan SDN
Sweden SWE
Syrian Arab Republic SYR
Taiwan, China TWN
Tajikistan TJK
Tanzania TZA
Thailand THA
Togo TGO
Trinidad and Tobago TTO
Turkiye TUR
Turkmenistan TKM
Uganda UGA
Ukraine UKR
United Arab Emirates ARE
United Kingdom GBR
United States USA
Uruguay URY
Uzbekistan UZB
Venezuela, RB VEN
Vietnam VNM
West Bank and Gaza WBG
Yemen, Rep. YEM
Zambia ZMB
Series Information
The Global Financial Inclusion (Global Findex) Database is a project funded by the Bill & Melinda Gates Foundation to measure how people - including the poor, women, and rural residents -around the world save, borrow, make payments and manage risk.

The Global Findex indicators are drawn from survey data collected by Gallup, Inc. over the 2011 calendar year, covering around 150,000 adults in more than 140 economies and representing about 97 percent of the world's population. Since 2005, Gallup has surveyed adults annually around the world, using a uniform methodology and randomly selected, nationally representative samples. The second round of Global Findex indicators was collected in 2014 and is forthcoming in 2015. The set of indicators will be collected again in 2017.
Abstract
Well-functioning financial systems serve a vital purpose, offering savings, credit, payment, and risk management products to people with a wide range of needs. Yet until now little had been known about the global reach of the financial sector - the extent of financial inclusion and the degree to which such groups as the poor, women, and youth are excluded from formal financial systems. Systematic indicators of the use of different financial services had been lacking for most economies.

The Global Financial Inclusion (Global Findex) database provides such indicators. This database contains the first round of Global Findex indicators, measuring how adults in more than 140 economies save, borrow, make payments, and manage risk. The data set can be used to track the effects of financial inclusion policies globally and develop a deeper and more nuanced understanding of how people around the world manage their day-to-day finances. By making it possible to identify segments of the population excluded from the formal financial sector, the data can help policy makers prioritize reforms and design new policies.
Kind of Data
Sample survey data [ssd]
Unit of Analysis
Individual

Scope

Notes
The Global Findex database includes indicators measuring how adults in more than 140 economies save, borrow, make payments, and manage risk. More specifically, the database includes indicators on the use of formal accounts, the frequency of formal account use, mode of formal account use (ATM, bank, bank agent, etc.), purposes of formal account use (remittances, government payments, wage payments, etc.), self-reported reasons for not having a formal account, savings behavior, savings method (bank, informal savings club, etc)), sources of borrowing (bank, friends/family, informal lender, etc.), purposes of borrowing (home purchase, school fees, emergency/health, funerals/weddings), the use of mobile phones to make payments, and the purchase of health and agriculture insurance.

Coverage

Geographic Coverage
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
The Global Findex indicators are drawn from survey data collected by Gallup, Inc. over the 2011 calendar year, covering more than 150,000 adults in 148 economies and representing about 97 percent of the world's population. Since 2005, Gallup has surveyed adults annually around the world, using a uniform methodology and randomly selected, nationally representative samples. The second round of Global Findex indicators was collected in 2014 and is forthcoming in 2015. The set of indicators will be collected again in 2017.

Surveys were conducted face-to-face in economies where landline telephone penetration is less than 80 percent, or where face-to-face interviewing is customary. The first stage of sampling is the identification of primary sampling units, consisting of clusters of households. The primary sampling 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. 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.

Surveys were conducted by telephone in economies where landline telephone penetration is over 80 percent. The telephone surveys were conducted using random digit dialing or a nationally representative list of phone numbers. In selected countries where cell phone penetration is high, a dual sampling frame is used. Random respondent selection is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to teach a person in each household, spread over different days and times of year.

The sample size in the majority of economies was 1,000 individuals.
Weighting
Data weighting is used to ensure a nationally representative sample for each economy. First, base sampling weights are constructed to account for oversamples and household size. If an oversample has been conducted, the data are weighted to correct the disproportionate sample. Weighting by household size (number of residents age 15 and above) is used to adjust for the probability of selection, as residents in large households will have a disproportionately lower probability of being selected for the sample. Second, poststratification weights are constructed. Population statistics are used to weight the data by gender, age, and, where reliable data are available, education or socioeconomic status.

Data Collection

Dates of Data Collection
Start End Cycle
2011-01-01 2011-12-31 Triennial
Data Collection Mode
Face-to-face [f2f] OR Landline telephone OR Landline and cellular telephone
Data Collection Notes
See Methodology document for country-specific surveying languages.

Questionnaires

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 over 20 countries using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on insurance, mobile payments, and loan purposes were asked only in developing economies. The indicators on awareness and use of microfinance insitutions (MFIs) are not included in the public dataset. However, adults who report saving at an MFI are considered to have an account; this is reflected in the composite account indicator.

Data Appraisal

Estimates of Sampling Error
Estimates of standard errors (which account for sampling error) vary by country and indicator. For country- and indicator-specific standard errors, refer to the Annex and Country Table in Demirguc-Kunt, Asli and L. Klapper. 2012. "Measuring Financial Inclusion: The Global Findex." Policy Research Working Paper 6025, World Bank, Washington, D.C.

Access policy

Contacts
Name Affiliation Email URL
Global Findex World Bank globalfindex@worldbank.org Link
Citation requirements
The reference citation for the Global Findex data is as follows: Demirguc-Kunt, Asli and L. Klapper. 2012. "Measuring Financial Inclusion: The Global Findex." Policy Research Working Paper 6025, World Bank, Washington, D.C.
Access authority
Name Affiliation Email URL
Global Findex World Bank globalfindex@worldbank.org Link

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_2011_FINDEX_v03_M_WB
Producers
Name Abbreviation Affiliation Role
Development Economics Data Group DECDG The World Bank Documentation of the DDI
Date of Metadata Production
2015-04-09
DDI Document version
DDI Document - Version 03 - (05/24/21)
This version is identical to DDI_WLD_2011_FINDEX_v02_M_WB but country field has been updated to capture all the countries covered by survey.

Version 02 (April 2015) - DDI updated to include the modifications to the data. This updated version also includes modifications to the Series information, Abstract, Scope and Sampling procedure metadata fields to match the number of economies included in the database.
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