15-year-old Estonian schoolchildren showed the best results in the world based on financial literacy testing conducted as part of the international PISA study. Young Estonians scored an average of 547 points; the result of the second Finns was 537 points; Canadians were in third place with 532 points on average. The average result in the world was 505 points.

Test participants had to answer questions about the everyday handling of money and financial risks: about loans, savings, the choice of what to spend money on, and so on..

Research experts noted that in Estonia there is practically no gap in financial knowledge between boys and girls, citizens and rural residents, as well as between adolescents from families with different incomes and social status..

In 2018, testing financial literacy first entered the PISA schoolchildren’s knowledge study, which traditionally assesses their reading, math and science skills using a common methodology. The financial literacy test was optional, so not all countries conducted it, Europuls notes.