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The Global Credit Literacy Index
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Country profile · Edition 1

🇦🇺Australia

Oceania

Score

81.2

Rank

2 of 46

Overview

Australia ranks 2nd of 46 economies, with a score of 81.2 out of 100. It is 1st of 2 ranked economies in Oceania.

Strongest: Innovation, Consumer protection, Government support and Financial education (100). Weakest: Public awareness (50); Credit access (57).

Dimension scores

Credit literacyCredit accessFinancial inclusionDigital bankingInnovationConsumer protectionGovernment supportFinancial educationYouth educationPublic awareness0255075100
Credit literacy64.0
Credit access57.3
Financial inclusion91.3
Digital banking98.9
Innovation100.0
Consumer protection100.0
Government support100.0
Financial education100.0
Youth education66.7
Public awareness50.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

64%64% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)
82%82% of credit card users pay their balance in full (Findex, 2021)
57.3%57% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2021)
98%98% of adults have an account (Findex, 2024)
84.5%84% could raise emergency funds within 30 days without great difficulty (Findex, 2021)
98.9%99% of adults made or received a digital payment (Findex, 2021)

Youth education policy: nationwide

Financial education is part of the mandatory school curriculum nationwide. There is no standalone course or graduation requirement. The national financial education strategy names young people or schools as a priority.

Policy dimensions record whether a policy exists, not how well it works.