Turning policies into effective action to advance gender equality
boost to UK female earnings from closing the gender pay gap
boost to OECD GDP from increasing female employment rates to match Sweden’s rates
boost to OECD female earnings from closing the gender pay gap
OECD average gender pay gap
2019 marks another year of continued steps to improve gender equality in the world of work. However, progress is slow and women in the OECD still face significant challenges and inequalities in the workplace. The pay gap persists and women are still under-represented in leadership positions.
Everyone has a stake in ensuring women have equal opportunities in the world of work. The evidence is clear. Our Women in Work Index shows that improving female participation in work across the OECD could boost OECD GDP by US$6 trillion, while closing the gender pay gap could boost GDP by US$2 trillion.
Explore the key findings from the research below, including a special focus on China and India, and our steps for turning policies into effective action to advance gender equality at work. You can also explore the results in detail using our interactive data tool.
Since 2000, India and China have added 167 million people to the global workforce, including 26 million women who now account for 35% of the global female workforce.
If included in our index, China would place between the Slovak Republic (26th) and Japan (27th) and India would occupy the last position, below Korea.
China could increase its GDP by US$497 billion by matching its female employment rate to that of our benchmark country, Sweden, and could increase female earnings by US$2 trillion by closing the gender pay gap.
India would see a US$245 billion boost to female earnings from closing the gender pay gap and a US$7 trillion increase in GDP from increasing the female employment rate to the level of Sweden.
Yong Jing Teow
Economist, PwC United Kingdom
Tel: +44 (0) 207 804 4257