📈 Gender parity is closest in areas of health and education, it says, but significant gaps in economic participation and political empowerment continue to endure across the world.
📉Women will have to wait 217 years before they earn as much as men and are equally represented in the workplace, the figures suggest.
📈 Nordic countries remain among some of the world’s best for overall equality. Iceland tops the list with a 12% gender gap across all the WEF’s measures. Norway, Finland ands Sweden are all in the top five.
📉Rwanda came fourth in the list for overall gender equality with a gap of 18%. The country has the highest share of women in parliament in the world – they occupy three in every five seats.
📈 Nicaragua, Slovenia, Ireland, New Zealand and the Philippines also made the top 10 on the Global Gender Gap rankings.
📉Women in the Middle East and North Africa fared the worst, with war-torn Yemen coming last on the list with a gender equality score of just 52%.
📈 The report shows women in the world earn less not just because of gendered salary differences, but because women are more likely to do unpaid or part-time work than men.
📉Women also generally tend to work in lower-paid professions and are less likely to be in highly-paid senior roles in companies.
📈 Slovenia has the smallest gap in gender earnings – with women there on average earning 80.5% of the male national average.
📉The report says that if the economic gender gap was totally closed:
China could add $2.5tn to its GDP
The United States could add $1.75bn
France and Germany could add more than $300bn each
The UK could add $250bn
👉New world leaders’ impact
📉Both Canada and France saw improvements to their political empowerment measures after Justin Trudeau and Emmanuel Macron added more women in ministerial positions within their governments.
📈 The US saw a marked drop in this area, with female political empowerment at its lowest rate in 10 years. It came 96th in this area.
📈 But it continues to lag behind in economic participation and opportunities for women in particular. The UK ranks 95th in the world for income equality, with women in the UK earning on average 45% less per year than men.
📉Other countries that improved overall included Bangladesh, which now ranks 47th in the world and the highest in South Asia after increasing female employment in professions.
📈 Sub-Saharan African countries made marked improvements in women’s health. Nine countries from the region are in the world’s top 20 for high female labour force participation.