At the current rate, there are 37 years left to reach gender parity in Spain.
In the fifth edition of this report, we see how the Index has evolved to 65.7%, with 34.3% of the gender gap remaining to be closed. Thus, at the current rate, it is estimated that Spain will achieve full parity by 2062. In terms of economic impact, the indicator shows that the cost of inequalities between women and men represents a negative effect of 255,000 million euros, equivalent to 17.1% of GDP in 2023.
The gaps in Work-Life Balance, Digitalization and Employment improve. The gaps in Health and Welfare worsen, while Education stagnates.
The V ClosinGap Index in association with PwC shows an improvement of more than one point in the Reconciliation indicator, which recovers pre-pandemic levels. The data reveal a significant improvement in Digitalization, driven by a greater presence of women in jobs in the ICT sector. In the labor area, the level of presence of women in leadership positions in the private sector improves and there is a reduction in the wage gap.
However, the Health and Well-being indicator has registered a slight decline, with a 16.3% gap still to be closed, mainly linked to the increase in the risk of poverty or social exclusion and the fall in the number of years of good health compared to life expectancy.
In Education, the Index reflects a stagnation compared to last year, mainly due to the relative increase in the presence of women in STEM careers.
“The V ClosinGap Index shows clear progress in some areas, however, it also reveals some stagnation and setbacks in other indicators closely linked to increased productivity and economic prosperity. The message is clear: we must continue to join efforts to reduce the gender gap from the public and private sectors, and do it as soon as possible to contribute to the growth of the Spanish economy”.