Paris, May 9. Canceling the gender gap in the labor market could increase Colombia’s per capita wealth by around 17% by 2060, according to the Organization for Economic Cooperation and Development (OECD).
In a report published this Tuesday, the OECD estimates that Colombia is the fourth country of the 38 members in which it has the greatest potential to reduce the activity rate between men and women and the difference in hours worked, only behind Mexico, Costa Rica , Turkey and Colombia.
For Colombia, this could mean an increase in gross domestic product (GDP) per capita of 0.41 percentage points each year, when the OECD average is 0.23 points.
One of the reasons is that women in Colombia did 7 hours less a week than men in paid work in 2021 (it was 9 hours in 2010). The average in the countries of the organization was 5.3 hours less.
Regarding the female activity rate, that is, the percentage of employed women among those of working age, it was 48.9% in the last quarter of 2022, compared to 73.6% for men.
In the OECD as a whole, the female activity rate was 66.7%, and 76.6% for women. EFE
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