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Webinar: Estonian students rank first in PISA financial literacy test. How did they do it?

20. May 2020 - 16:21

This Thursday, May 21st, the Estonian initiative Education Nation hosts a free remote learning webinar on how the Estonian education system has raised students that rank first in PISA financial literacy test and shares its best practices with the world.

Financial literacy is an essential life skill, especially in the context of the financial crisis caused by the COVID-19 as the income and savings of many people are most directly affected. PISA assessment ranks Estonian students as the world’s most financially literate. The average score in PISA 2018 assessment for Estonia was 547, which is significantly higher than the OECD average of 505.

During the webinar, experts from the Ministry of Education and Research of the Republic of Estonia, the Ministry of Finance of the Republic of Estonia and PISA national manager from Foundation Innove share more thoroughly the PISA test results, introduce the programs and activities that are done in Estonian schools to educate students on financial literacy, share practical changes Estonia has done and that have caused the good PISA results.


  • The webinar is opened by Mailis Reps, the Minister of Education and Research of the Republic of Estonia. She has held the position since November 2016 and she has been the minister for four times: in 2002-2003 and 2005-2007. She has been a long-time member of the Estonian Parliament.
  • Gunda Tire is PISA national project manager in Estonia and she works at Foundation Innove. Gunda has a long-term experience in managing and disseminating PISA in Estonia and beyond.
  • Kristi Ploom is managing the Entrepreneurship Education program in the Ministry of Education and Research of the Republic of Estonia. The program aims to develop Entrepreneurship Education systematically for all levels of education. Special attention is on teacher education. The program is implemented in 2016-2023; Her presentation will introduce the programs and activities that are done in Estonian schools to educate students on financial literacy.
  • Liisi Kirch is a financial literacy coordinator in the Ministry of Finance of the Republic of Estonia and has the best opportunity to combine work and personal mission to make every Estonian financially literate. She is also Estonian representative in OECD INFE (International Network for Financial Education) technical committee. Liisi has good insights on what can be done to raise the level of financial literacy that other countries could follow as well.
  • Sarah Mia Haabma is a 9th-grade student of Tallinn 21st School. They have topics of financial literacy and entrepreneurship in the school program in both primary and basic school. Students have studied together entrepreneurship and made a mini-companies that have also been awarded. In addition to business classes, she has also accumulated money wisdom in mathematics, crafts and other classes.
  • Mehis Pärn is the founder & CEO of Bizplay ( At Bizplay Mehis and his team teach valuable entrepreneurship skills through emotionally engaging games.

The webinar starts at 7 PM UTC+3h. You can find more information about the webinar from Education Nation Facebook and the webinar’s Facebook event page.

Education Nation is an Estonian Government initiative to share its digital education solutions, services, and best practices worldwide. Estonia has top education results (no 1 in PISA in Europe) and is known for its e-services. We aim to share the experience with the world. The Education Nation brand is positioned to export Estonian education — under which the state of Estonia will directly sell or intermediate the priceable components, whether it be consulting, training, digital solutions, or similar.

Additional information:
Ann Hiiemaa
Senior Consultant, Meta Advisory Group
Mob: +372 5340 8818 | E-mail:


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