International Women’s Day 2024 marks a moment to reflect on the progress toward gender equality and the need for accelerated action. Economic uncertainties, exacerbated by gender disparities, pose significant risks to achieving workplace equality. The average gender pay gap in the OECD widened from 13.2% in 2021 to 13.5% in 2022, despite increases in women’s participation in the labor market. Luxembourg topped the index, followed by Iceland and Slovenia, with Luxembourg showing continuous improvements across all indicators. Australia demonstrated the largest annual improvement, rising from 17th to 10th place. Conversely, the UK experienced the largest fall, moving from 13th to 17th place.
OECD Average Scores:
Top Performers:
Improvements and Declines:
Index Scores:
Despite some progress, the pace of change is insufficient to achieve gender equality in the workplace. Addressing pay penalties and understanding their drivers is crucial for closing the gender pay gap. The economic benefits of doing so are substantial, highlighting the need for immediate and sustained action.