A study conducted by McKinsey reveals the women workforce contribute 37% of the global GDP growth. Their findings further to breaks down this figure as follows:
*In North America and Oceania, women contribute to 40% of the GDP
*In sub-Saharan Africa (SSA), women contribute 39% of GDP
*In Western, Europe women contribute to 38% of the GDP
*In Latin America, women contribute to 33% of the GDP
*In India, women contribute to 17% of the GDP
According to the report, the world region with the largest women workforce is Eastern Europe and Central Asia (47%), followed closely by SSA at 46%. North America, Oceania and Western Europe come in as a three-way tie.
The report further advocates for gender balance at the workplace by arguing that it has the potential of adding $12 trillion to $28 trillion to the global economy by the year 2025. For more information on this, follow this link.
