OJK: Jakarta Has Highest Financial Literacy Rate

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10/02/2017 16:59 WIB

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Top 10 Provinces with the Highest Financial Literacy Index 2016

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OJK: Jakarta Has Highest Financial Literacy Rate

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Top 10 Provinces with the Highest Financial Literacy Index 2016

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The Financial Services Authority (OJK) republished the National Survey of Financial Literacy and Inclusion (SNLIK) in 2016. The highest financial literacy index scores were still dominated by provinces in the Java and Bali regions. The highest score was achieved in DKI Jakarta, reaching 40 percent. This was followed by West Java and Yogyakarta Special Region with 38.70 percent and 38.55 percent, respectively.

Nationally, Indonesia's financial literacy index in 2016 reached 29.66 percent. This figure increased compared to a similar survey in 2013, which recorded 21.84 percent. The 2016 SNLIK financial literacy index encompassed 9,860 respondents across 34 provinces spread across 64 cities/regencies in Indonesia, considering gender, regional strata, age, expenditure, occupation, and education level.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."