Economy

Iceland Ranks First on Gender Gap

Men, particularly in the United States, have significant advantages over women, at least in terms of their earning power. The World Economic Forum’s researchers actually claim the situation is worse and put America well behind other nations in what it terms the “gender gap.” By its yardstick, Iceland is the nation where women are treated most fairly.

The World Economic Forum’s measure includes several things:

While no single measure can capture the complete situation, the Global Gender Gap Index presented in this Report seeks to measure one important aspect of gender equality: the relative gaps between women and men across four key areas: health, education, economy and politics.

The time period covers nine years. On a sliding scale, on which 1 is perfect equality, Norway ranks first with a score of 0.859. The United States ranks 20th at 0.746.

The entire top of the list is Scandinavian nations and their neighbors:

2 Finland 0.8453
3 Norway 0.8374
4 Sweden 0.8165
5 Denmark 0.8025
6 Nicaragua 0.7894

What does the report show? Among the most important things is that women are still well behind men economically:

The ninth edition of the report finds that, among the 142 countries measured, the gender gap is narrowest in terms of health and survival. This gap stands at 96% globally, with 35 countries having closed the gap entirely. This includes three countries that have closed the gap in the past 12 months. The educational attainment gap is the next narrowest, standing at 94% globally. Here, 25 countries have closed the gap entirely. While the gender gap for economic participation and opportunity lags stubbornly behind, the gap for political empowerment, the fourth pillar measured, remains wider still, standing at just 21%, although this area has seen the most improvement since 2006.

One might assume that without economic power, women will continue to fall far behind men in their general influence on society.

ALSO READ: The 10 Worst States for Women

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.