TheGlobal Financial Inclusion (Global Findex) database was launched by the WorldBank in 2011. The database is comprised of comparable indicators showing howpeople globally tend to save, to borrow, to make payments; and to manage risk.

Thesurvey was carried out covering 2011 and the 2014 by Gallup, Inc. under theumbrella of Gallup World Poll.  The Global Findex database for 2014 containsindicators exceeding 100, covering information regarding gender information,age classification, and household income. The indicators were formed by usingthe survey data from interviews conducted with 150,000 nationwide representativeand randomly selected adults (more than age 15) and in 143 countriesrepresenting more than 97 percent of the global population (see appendix X for the list of included countries). Face to face surveys were carried out incountries where telephone coverage contitutes less than 80 percent of thepopulation. Mostly, the fieldwork was finalized between two to four weeks. In countrieswhere face-to-face surveys were completed, the first sampling stage was the primarysampling unit classification. Survey respondents were randomly selected withinthe designated households.

 Data weighting was used to make sure that each countrywas represented by a nation-wide sample. Closing weights consisted of the basesampling weight, which provided corrections for unequal selection probability basedon size of the household; and the poststratification weight. This then correctedsampling and non-response error. Population statistics on gender age, educationand socioeconomic status- where reliable data were available was used for poststratificationweights. It should be noted that Findex data were amilestone, which delivered exceptional comprehension to how people saved,borrowed, made payments and managed risks in more than 140 countries. The Findex is complimentary to other datasets giventhat it focuses on persons, rather than financial institutions. It does notprovide aggregate measures of financial depth, as in the case of the IMF’sFinancial Access Survey data and World Bank Enterprise Surveys.

 

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