If the EU stepped up its efforts to improve gender equality, more jobs would be created, GDP per capita would increase and society would be able to adjust better to the challenges related to the ageing population. These are the main results of a new study by the European Institute for Gender Equality (EIGE), launched on the occasion of international women’s day on 8 March 2017.
“Equality between women and men is one of the EU’s fundamental values. It is about fairness. Now numbers talk: equality is a driver for economic growth. Gender equality will bring more growth to Europe”, said Vera Jourová, Commissioner for Justice, Consumers and Gender Equality.
“Our study proves that gender equality is good for the economy and it cannot be disregarded if the EU wants to achieve sustainable and inclusive growth. For far too long, gender inequalities have been limiting women’s economic opportunities and we now have proof that gender equality is crucial for the entire economy”, said Virginija Langbakk, EIGE’s director.
The evidence confirms that improvements to gender equality would generate up to 10.5 million additional jobs by 2050 and the EU employment rate would reach almost 80%. EU Gross Domestic Product (GDP) per capita would also be positively affected and could increase up to nearly 10% by 2050.