Only 18% of adults in Armenia are financially literate – S&P survey

YEREVAN, November 20. /ARKA/. Armenia came 137th among 148 countries in S&P financial literacy ranking.

The study has been conducted by Standard & Poors rating agency jointly with Gallup, the World Bank and the Global Financial Literacy Excellence Center at the George Washington University.

The survey conducted in 2014 has revealed that only 18% of Armenian residents are financially literate.

This result is lower than the world average indicator (33%). Armenia is also left behind countries with lower-than-average revenue (26%).

Ukraine and Kazakhstan showed higher financial awareness rates among CIS countries – 40%.

Some 38% demonstrated financial awareness in Russia and Belarus, 36% in Azerbaijan, 17% in Tajikistan, 21% in Uzbekistan, 27% in Moldova and 19% in Kyrgyzstan.

Residents of Denmark, Norway and Sweden displayed the best financial awareness rate – 71% of the adult population knew how to use money.

Israel (68%), Canada (68%), Great Britain (67%), the Netherlands (66%), Germany (66%), Australia (64%) and Finland (63%) are among top ten.

Outsiders are Afghanistan (14%), Albania (14%) and Yemen (13%).

‘Financial Skills of Armenian Population – 2014’ survey revealed that financial knowledge of Armenian residents is at a low level. Financial skills of Armenian residents were rated at 44%.

The survey was conducted as part of the Armenian government activity program for 2014-2019.

Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. M.V.—0—

spot_img

POPULAR

EBRD has appointed a new head of its office in Armenia

The European Bank for Reconstruction and Development (EBRD) has appointed Remon Zakaria as the new head of its Yerevan Resident Office, effective 1 September 2026, replacing George Akhalkatsi.

From Small Steps to Big Changes: “The Power of One Dram” Turns 6

Six years, around 45 foundations, more than 55 projects, and a budget reaching 300 million AMD.

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.

Inflation of 4.2% recorded in Armenia in May

In Armenia, 12-month inflation in the consumer market in May of this year amounted to 4.2%, according to a report from the Statistical Committee of Armenia.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

LATEST NEWS

spot_imgspot_imgspot_img