Financial Literacy and Capability Deep Dive in Ethiopia

This infographic, "Financial Literacy & Capability Deep Dive in Ethiopia", draws on a UNCDF (2025) survey assessing Ethiopians' financial knowledge, attitudes, digital safety, and money-management behaviors. The key takeaways: Ethiopians grasp the basics, 92% understand inflation, but struggle with investment concepts, with only 22% understanding diversification and fewer than half grasping compound interest (48%) and inflation logic (41%). Attitudes are broadly prudent (86% prefer saving over spending), yet rising trust in financial service providers sits alongside growing anxiety about scams and fraud. Digital safety is the weakest area: while two-thirds lock their devices, only 32% know how to block a lost or stolen phone, nearly half reuse passwords, and over half lack virus protection. Finally, financial capability narrows sharply from intention to protection, 66% plan a budget, 42% keep records, but only 12% have insurance, pointing to record-keeping and insurance as the clearest gaps to address.