Gender equality is most commonly viewed as a social and cultural issue, but it is also a supremely important economic issue. The McKinsey Institute is one of the premier consulting firms in the world and it has just issued a new report entitled “How advancing women’s equality can add $12 trillion to global growth“. The report analyzes the economic impact of helping women achieve their fullest economic potential and it estimates that doing so “could add as much as $12 trillion, or 11 percent, in annual 2025 GDP. In a ‘full potential’ scenario in which women play an identical role in labor markets to that of men, as much as $28 trillion, or 26 percent, could be added to global annual GDP by 2025.” That figure is higher than some other, earlier, estimates, but the McKinsey report analyzes many more variables than has been done in the past.
Sustainable Development Goals light show at UN Headquarters
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