Measuring Financial Inclusion : The   Global Findex Database

Demirguc-Kunt, Asli; Klapper, Leora

Measuring Financial Inclusion : The Global Findex Database

2012

Demirguc-Kunt, Asli | Klapper, Leora

This paper provides the first analysis of the Global Financial Inclusion (Global Findex) Database, a new set of indicators that measure how adults in 148 economies save, borrow, make payments, and manage risk. The data show that 50 percent of adults worldwide have an account at a formal financial institution, though account penetration varies widely across regions, income groups and individual characteristics. In addition, 22 percent of adults report having saved at a formal financial institution in the past 12 months, and 9 percent report having taken out a new loan from a bank, credit union or microfinance institution in the past year. Although half of adults around the world remain unbanked, at least 35 percent of them report barriers to account use that might be addressed by public policy. Among the most commonly reported barriers are high cost, physical distance, and lack of proper documentation, though there are significant differences across regions and individual characteristics.

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AGROVOC Keywords

accounting affordability agriculture banks businesses commodities consumers corruption discrimination economic crises economic growth entrepreneurs financial institutions fraud gender household income households income distribution inflation international bank livestock insurance microfinance national income new products open access pension private sector productivity public policies regression analysis remittances results risk management savings small enterprises uses wages

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

Retail stores; Savings accounts; Reliability; Economic inequality; Security concerns; Development policy; Gdp; Post offices; Access to savings; Banking services; Bank regulation; Account holders; Formal banking; Informal savings; Deposit accounts; Employer; Financial service providers; Bank branch; Financial support; Tellers; Financial service; Informal saving; Physical distance; Inactive account; Transactions costs; Transaction; Savings behavior; Formal borrowing; Personal finances; Financial access; Deposits; Central bank; Geographic access; Supply of credit; Atm card; Income groups; Wealth; Innovations; Financial transactions; Asset accumulation; Automated teller machines; Finances; Income inequality; Exclusion; Growth opportunities; Formal financial sector; Atm cards; Private sector development; Institutional infrastructure; Life expectancy; Employers; Household finance; Gender gap; Business purposes; Bank branches; Term credit; Banking sector; Savings group; Mobile phone subscribers; Retail store; Access to finance; Gini coefficient; International comparison; Middle-income economies; Anti-money laundering; Government securities; Cultural norms; Financial outreach; Financial literacy; Electronic payments; Security risks; Earnings; Formal financial institution; Debit cards; Mobile phones; Alternative banking; Inequality; Documentation requirements; Income category; Broad access; Source of income; Wire transfers; Minimum balances; Education level; Financial depth; Mobile banking; Financial products; Personal asset; Income levels; Financial system; Cell phone; Access to accounts; World development indicators; Financial crisis; Benchmark; Self-employment; Access to financial services; Users; Remittance; Public policy; Online payments; Insurance products; Electronic bill; Access to credit; Web; Credit union; Mobile phone; Transition economies; Household access; Deposit insurance; User; Entry point; Outstanding loan; Income group; Benchmarking; Debit card; Credit cards; Data coverage; Bank account; Savings bonds; Emerging markets; Telephone; Loan; Employment opportunities; Mortgage; Developing economies; Financial development; Savings account; Financial management; Traditional banking; Withdrawal fees; Access barriers; Payment systems; Post office; Supervision; Checking account; Receipt; Phone numbers; Financial systems; Account ownership; Regulators; Informal lender; Low-income economies; Formal financial services; Propensity to save; Phone penetration; Result; Islamic loan; Electronic payment; Lack of awareness; Formal credit; Credit card; Existing infrastructure; Credit association; Telephone coverage; Deposit; Gdp per capita; Formal financial institutions; Expatriates; Bonds; Physical access; Barrier; Microfinance institution

License

Policy Research Working Paper ; No. 6025http://creativecommons.org/licenses/by/3.0/igoWorld BankCC BY 3.0 IGO

Source

Policy Research Working Paper ; No. 6025

In AGRIS since: 2014-09-15

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Links

http://hdl.handle.net/10986/6042

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