The Bank of Italy has been conducting a triennial survey on the financial literacy in Italy (IACOFI) since 2017. The survey is based on a methodology developed by the International Network on Financial Education (INFE) of the OECD. In the 2023 edition, questions assessing the digital financial skills of respondents, measured using the OECD methodology, were introduced for the first time.
Financial literacy is measured by a comprehensive indicator that aggregates three dimensions: knowledge, behaviour, and attitudes.
The raw data for the 2017 and 2020 editions of the survey are distributed anonymously for research purposes. In the coming months, the data for the 2023 edition will also be released. Users bear full and exclusive responsibility for the use of the data, for which the Bank of Italy accepts no responsibility. The data are available in ASCII (Comma Separated Values), SAS and Stata formats.
2023 Survey
The survey for 2023 involved a sample of just under 5,000 individuals aged 18 to 79 and based in Italy. The data collection took place in (the months of) February and March using Computer-Assisted Telephone Interviewing (CATI). The main results are presented in the report "Surveys on Financial Literacy and Digital Financial Skills in Italy: Adults", by S. Lamboglia, M. Marinucci, M. Stacchini, and P. Vassallo, Banca d'Italia, Statistics. The methodology is published on the OECD website. The results of the international comparison will be released in the coming months.
- Data for Chartsxlsx 20.7 KB Publish date::20 July 2023
2020 Survey
The survey, carried out in the first few months of 2020, was conducted on a total sample of about 2,000 individuals, representative of the Italian adult population, who were interviewed using the computer-assisted personal interviewing (CAPI) technique. The methodology is described on the OECD website and the initial results at international level were published in the report on the OECD/INFE 2020 International Survey of Adult Financial Literacy. The data for Italy are analysed in 'Financial literacy in Italy: the results of the Bank of Italy's 2020 survey', by Giovanni D'Alessio, Riccardo De Bonis, Andrea Neri and Cristiana Rampazzi, Banca d'Italia, Questioni di Economia e Finanza (Occasional Papers), n. 588.
- Data descriptionpdf 301.1 KB Publish date::24 November 2020
- Database - SASzip 199.4 KB Publish date::24 November 2020
- Database - STATAzip 116.4 KB Publish date::24 November 2020
- Database - ASCIIzip 311.5 KB Publish date::24 November 2020
2017 Survey
The survey, carried out in the first few months of 2017, was conducted on a total sample of about 2,500 individuals, representative of the Italian adult population, who were interviewed using the computer-assisted personal interviewing (CAPI) technique or via remotely-connected tablet devices. The main methodologies and results of the survey are described in 'Measuring the financial literacy of the adult population: the experience of Banca d'Italia', by Antonietta di Salvatore, Francesco Franceschi, Andrea Neri and Francesca Zanichelli, Banca d'Italia, Questioni di Economia e Finanza (Occasional Papers), June 2018. The results of the survey at international level were published by the OECD in the Survey on measuring financial literacy and financial inclusion.
- Data descriptionpdf 99.9 KB Publish date::25 January 2019
- Database - SASzip 114.9 KB Publish date::25 January 2019
- Database - STATAzip 65.3 KB Publish date::25 January 2019
- Database - ASCIIzip 74.6 KB Publish date::25 January 2019
