Slovakia lags behind in financial literacy, despite improvement

The only OECD country with a worse result is Chile.

Illustrative stock photoIllustrative stock photo (Source: SME)

Although young people in Slovakia have improved their financial literacy, they still lag behind other members of the Organisation for Economic Cooperation and Development (OECD).

The country scored 481 points in the PISA 2018 study, compared with the OECD average of 505. The only OECD member with a lower score is Chile.

Related articlePISA test results: Average maths, poor reading and sciences Read more 

However, this score was still 36 points better than in 2015. The results achieved by boys and girls are comparable, the study suggests.

“I think it’s encouraging that we’ve improved our financial literacy,” Education Minister Branislav Gröhling (SaS) said, adding he considers it one of the most necessary skills for today. “I think that we achieved these results mostly thanks to active teachers who started focusing on financial and mathematical literacy themselves.”

He also thinks it is time to start thinking about how to include financial literacy in the curriculum.

Fewer students in risk group

The rest of this article is premium content at
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on and

Get daily Slovak news directly to your inbox

Theme: Education

Read more articles by the topic

Top stories

Coronavirus comes with an irreversible change to Slovakia's labour market

The pandemic makes work more flexible and intensifies digitalisation.

Digital platforms have become the daily bread at work.

The sad reality behind the masks

When the coronavirus epidemic is gone, we will have to deal with an epidemic of obesity and dementia.

Face masks are obligatory in Slovakia.

A riot in Smer: Pellegrini calls on Fico to step down (news digest)

Hungary will open its border with Slovakia. More people favour self-isolation over state quarantine.

Smer deputy chair Peter Pellegrini called on Smer chair Robert Fico to step down at his press conference on May 26, 2020.

Coronavirus forced precisely the kind of changes Slovakia's schools need

Teachers and experts urge government to keep ‘natural’ school reforms during pandemic.

Illustrative stock photo