How much could global GDP increase if the gender employment gap closed?
Over £15 trillion.
The World Bank estimates that closing the gender gap in employment and entrepreneurship could increase global GDP by more than 20%, or £15.8 trillion.[1] Additionally, the International Monetary Fund (IMF) has categorised the correction of the “misallocation” of women’s talents and abilities as a method for boosting productivity. Gender parity efforts are seen as engines for new, high-quality growth in business.
Adding a gender focused lens to your investment portfolio can help drive economic growth, address issues women and girls face globally and promotes women’s leadership. It can also enhance social development by improving access to education, healthcare, and financial services for women and girls.
[1] World Economic Forum. (June 2024). Global Gender Gap Report 2024. Based on global GDP and USD exchange rate as at 18/09/24.
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