New data from Eurasia Group shows that if policymakers rapidly enact woman-centric policies, the global economy could be nearly US$10 trillion larger by 2030
, improving outcomes for countless women, girls, and households. Global GDP could be more than 7% greater in 2030 if policymakers act decisively to maximize women's economic power.
Our work leverages existing, reputable methodological approaches and publicly available data from the ILO, World Bank, and UN FAO, among other sources. It focuses on four policy areas: financial inclusion, digital public infrastructure (DPI), childcare, and farming.
- Promoting women's financial inclusion by closing the gender financing gap could add US$1.1 trillion to the global economy by 2030. The financing gap in this context means the difference in account ownership at a financial institution between men and women. By closing this gap in all countries, we could add US$1.1 trillion to the economy by 2030 on the basis of conservative assumptions.
- Investing in universal ID ownership and digital ID policies for women could add US$4.9 trillion to the global economy by 2030. Women lack IDs and DPI access at higher rates than men in countries at all income levels. This contributes to gender inequality and undermines economic growth.
- Implementing universal childcare could add roughly US$3.4 trillion to the global economy by 2030, allowing more women at all income levels to take part in formal labor markets. We estimate that 115.8 million additional women would be employed by 2030 if universal childcare policies were instituted today.
- Investing in women farmers so that their landholdings achieve similar yields to farms owned by men, and closing the gender wage gap in agriculture, could unlock an additional $255 billion in global output by 2030. Addressing the wage gap alone would affect about 41 million woman farm workers in 2030, raising their per capita income by over $2,200 per year on average.