There's a $2 Trillion GDP Boost in Shrinking the U.S. Gender Gap
- Each state could add at least 5% to GDP by 2025, McKinsey says
- Cities also graded on parity; Baltimore and Atlanta lead
The Two Trillion Reasons to Promote Gender Equality
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Improving gender equality would add at least $2.1 trillion to U.S. gross domestic product by 2025, according to a McKinsey Global Institute study, a boost roughly the size of the Texas economy.
“We were surprised that there was such a large economic opportunity still at stake” because the U.S. is a relative leader in gender parity, said Kweilin Ellingrud, a McKinsey partner and author of the study. The consulting firm in September said the global economy would gain $28 trillion in GDP with full gender equality.