A decade of slow progress towards better parity between the sexes has screeched to a halt, the World Economic Forum (WEF) said Thursday, warning the global gender gap was now widening.
At the current pace, the overall global gender gap will take 100 years to close, compared to 83 years last year, the report said.
"Every P100 men earn, women earn P76, which is quite shocking if you think about that", Leopold told ANC. However, the report found the State has closed 79 per cent of its overall gender gap.
Despite the decline, Leopold highlighted how women in the Philippines play strongly in politics and the economy. A higher rank indicates a more equal society for men and women.
However, the education-specific gender gap could be reduced to parity within the next 13 years.
With organisations vying for gender parity, many countries have made considerable progress, understanding that talent is a critical factor for growth, according to a report.
The government had boasted of achieving 87th position a year ago, "The improvement in ranking has been driven largely by major improvements in education". In the previous year women earned on average $5,691, while men earned $8,223.
The Republic was ranked 50th for economic participation and opportunity, down a place since a year ago. The issue of having a gender-balanced pipeline in this sector should be addressed, said Zahidi.
Thirteen of the 25 Asia-Pacific nations surveyed in this year's Global Gender Gap Report released yesterday dropped in their rankings compared with last year, Japan's Nikkei Asian Review reported.
The WEF collaborated with LinkedIn to delve more deeply into economic data in selected countries, with a focus on gender imbalance by industry.
While a total of 68% of the world's gender gap (which covers several categories, not just wages) is closing, the reversal is driven by declining gender equality in the workplace and political representation.
In recent years, women have made significant progress towards equality in a number of areas such as education and health, with the Nordic countries leading the fray. The political dimension holds the widest gap but is also exhibiting the most progress, despite a slowdown this year.
The top spots in the gender gap index were dominated by Scandinavian countries, with Iceland placed at first, Finland at second and Norway at third.
Among the G20 group of countries, France (11) is ranked highest on gender parity, followed by Germany (12), the United Kingdom (15), Canada (16), South Africa (19) and Argentina (34).
The next two countries in the index, Nicaragua (6) and Slovenia (7), also achieved symbolic milestones this year, closing 80 percent of their gaps for the first time.