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    Home / Central Data Catalog / GLOBAL-FINDEX / WLD_2021_FINDEX_V02_M
global-findex

Global Financial Inclusion (Global Findex) Database 2021

Afghanistan, Albania, Algeria...and 120 more, 2021 - 2022
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Reference ID
WLD_2021_FINDEX_v02_M
DOI
https://doi.org/10.48529/hhm5-sc56
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
Created on
Oct 13, 2022
Last modified
Dec 16, 2022
Page views
14303
Downloads
2982
  • Study Description
  • Data Description
  • Documentation
  • Get Microdata
  • Related datasets
  • Identification
  • Version
  • Scope
  • Coverage
  • Producers and sponsors
  • Sampling
  • Data Collection
  • Questionnaires
  • Data Appraisal
  • Access policy
  • Disclaimer and copyrights
  • Metadata production

Identification

Survey ID Number
WLD_2021_FINDEX_v02_M
Title
Global Financial Inclusion (Global Findex) Database 2021
Country/Economy
Name Country code
Afghanistan AFG
Albania ALB
Algeria DZA
Argentina ARG
Armenia ARM
Australia AUS
Austria AUT
Bangladesh BGD
Belgium BEL
Benin BEN
Bolivia BOL
Bosnia and Herzegovina BIH
Brazil BRA
Bulgaria BGR
Burkina Faso BFA
Cambodia KHM
Cameroon CMR
Canada CAN
Chile CHL
China CHN
Colombia COL
Congo, Rep. COG
Costa Rica CRI
Côte d'Ivoire CIV
Croatia HRV
Cyprus CYP
Czech Republic CZE
Denmark DNK
Dominican Republic DOM
Ecuador ECU
Egypt, Arab Rep. EGY
El Salvador SLV
Estonia EST
Finland FIN
France FRA
Gabon GAB
Georgia GEO
Germany DEU
Ghana GHA
Greece GRC
Guinea GIN
Honduras HND
Hong Kong SAR, China HKG
Hungary HUN
Iceland ISL
India IND
Indonesia IDN
Iran, Islamic Rep. IRN
Iraq IRQ
Ireland IRL
Israel ISR
Italy ITA
Jamaica JAM
Japan JPN
Jordan JOR
Kazakhstan KAZ
Kenya KEN
Korea, Rep. KOR
Kosovo KSV
Kyrgyz Republic KGZ
Lao PDR LAO
Latvia LVA
Lebanon LBN
Liberia LBR
Lithuania LTU
Malawi MWI
Malaysia MYS
Mali MLI
Malta MLT
Mauritius MUS
Moldova MDA
Mongolia MNG
Morocco MAR
Mozambique MOZ
Myanmar MMR
Namibia NAM
Nepal NPL
Netherlands NLD
New Zealand NZL
Nicaragua NIC
Nigeria NGA
North Macedonia MKD
Norway NOR
Pakistan PAK
Panama PAN
Paraguay PRY
Peru PER
Philippines PHL
Poland POL
Portugal PRT
Romania ROU
Russian Federation RUS
Saudi Arabia SAU
Senegal SEN
Serbia SRB
Sierra Leone SLE
Singapore SGP
Slovak Republic SVK
Slovenia SVN
South Africa ZAF
South Sudan SSD
Spain ESP
Sri Lanka LKA
Sweden SWE
Switzerland CHE
Taiwan, China TWN
Tajikistan TJK
Tanzania TZA
Thailand THA
Togo TGO
Tunisia TUN
Türkiye TUR
Uganda UGA
Ukraine UKR
United Arab Emirates ARE
United Kingdom GBR
United States USA
Uruguay URY
Uzbekistan UZB
Venezuela, RB VEN
West Bank and Gaza PSE
Zambia ZMB
Zimbabwe ZWE
Study type
Other Household Survey [hh/oth]
Series Information
The Global Findex is the world's most comprehensive database on financial inclusion. It is also the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Global Findex 2021 data were collected from national representative surveys of about 128,000 adults in more than 120 economies. The latest edition follows the 2011, 2014, and 2017 editions, and it includes a number of new series measuring financial health and resilience and contains more granular data on digital payment adoption, including merchant and government payments. Phone surveys were not a viable option in 17 economies that had been part of previous Global Findex surveys, however, because of low mobile phone ownership and surveying restrictions. Data for these economies will be collected in 2022 and released in 2023.
Abstract
The fourth edition of the Global Findex offers a lens into how people accessed and used financial services during the COVID-19 pandemic, when mobility restrictions and health policies drove increased demand for digital services of all kinds.

The Global Findex is the world's most comprehensive database on financial inclusion. It is also the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Global Findex 2021 data were collected from national representative surveys of about 128,000 adults in more than 120 economies. The latest edition follows the 2011, 2014, and 2017 editions, and it includes a number of new series measuring financial health and resilience and contains more granular data on digital payment adoption, including merchant and government payments.

The Global Findex is an indispensable resource for financial service practitioners, policy makers, researchers, and development professionals.
Kind of Data
Observation data/ratings [obs]
Unit of Analysis
Individual

Version

Version Description
Version 02: Edited, anonymous dataset for public distribution.
Version Date
2022-12-05
Version Notes
This is the first update (Dec 2022) to the microdata originally released in Oct 2022. This release includes new variables, updated labels along with a detailed codebook allowing you to access the Global Findex 2021 individual level data in a more meaningful way. Please also see Microdata_update_details.xlsx which details these updates.

Scope

Notes
The indicators in the Global Findex 2021 database are drawn from survey data covering almost 128,000 people in 123 economies, representing 91 percent of the world's population. Data is available for 2021, 2017, 2014, and 2011.

Coverage

Geographic Coverage
National coverage

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 Funded the study
The Bill and Melinda Gates Foundation Financial support

Sampling

Sampling Procedure
In most developing economies, Global Findex data have traditionally been collected through face-to-face interviews. Surveys are conducted face-to-face in economies where telephone coverage represents less than 80 percent of the population or where in-person surveying is the customary methodology. However, because of ongoing COVID-19 related mobility restrictions, face-to-face interviewing was not possible in some of these economies in 2021. Phone-based surveys were therefore conducted in 67 economies that had been surveyed face-to-face in 2017. These 67 economies were selected for inclusion based on population size, phone penetration rate, COVID-19 infection rates, and the feasibility of executing phone-based methods where Gallup would otherwise conduct face-to-face data collection, while complying with all government-issued guidance throughout the interviewing process. Gallup takes both mobile phone and landline ownership into consideration. According to Gallup World Poll 2019 data, when face-to-face surveys were last carried out in these economies, at least 80 percent of adults in almost all of them reported mobile phone ownership. All samples are probability-based and nationally representative of the resident adult population. Phone surveys were not a viable option in 17 economies that had been part of previous Global Findex surveys, however, because of low mobile phone ownership and surveying restrictions. Data for these economies will be collected in 2022 and released in 2023.

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. Each eligible household member is listed, and the hand-held survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer's gender.

In traditionally phone-based economies, respondent selection follows the same procedure as in previous years, using random digit dialing or a nationally representative list of phone numbers. In most economies where mobile phone and landline penetration is high, a dual sampling frame is used.

The same respondent selection procedure is applied to the new phone-based economies. Dual frame (landline and mobile phone) random digital dialing is used where landline presence and use are 20 percent or higher based on historical Gallup estimates. Mobile phone random digital dialing is used in economies with limited to no landline presence (less than 20 percent).

For landline respondents in economies where mobile phone or landline penetration is 80 percent or higher, random selection of respondents is achieved by using either the latest birthday or household enumeration method. For mobile phone respondents in these economies or in economies where mobile phone or landline penetration is less than 80 percent, no further selection is performed. 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 representative sample for each economy. Final weights consist of the base sampling weight, which corrects for unequal probability of selection based on household 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.

Data Collection

Dates of Data Collection
Start End
2021-06-19 2022-03-30

Questionnaires

Questionnaires
Questionnaires are available on the website.

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 Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar. 2022. The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.

Access policy

Contacts
Name Affiliation Email URL
Global Findex World Bank globalfindex@worldbank.org Link
Saniya Ansar World Bank sansar1@worldbank.org
Jijun Wang World Bank jwang36@worldbank.org
Citation requirements
Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar. 2022. The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.
Access authority
Name Affiliation Email URL
GlobalFindex 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_2021_FINDEX_v02_M_WB
Producers
Name Abbreviation Affiliation Role
Development Economics Data Group DECDG The World Bank Documentation of the DDI
Date of Metadata Production
2022-12-07
DDI Document version
Version 02 (December 2022).
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