The global gender pay gap will be closed in the year 2148 if the current rate of narrowing continues, according to a new report.
The 2025 Global Gender Gap report, released by the World Economic Forum, shows the gap closed to 69 percent last year, up from 68.6 percent in 2024, for the 100 economies that had been tracked since the index started in 2006.
“Based on the collective speed of progress of those 100 economies, it will take 123 years to reach full parity globally,” the report stated.
The index now tracks 148 global economies, with a similar level of closure (68.8 percent) registered in those economies.
“The 2025 Global Gender Gap Index shows that no economy has yet achieved full gender parity,” the report stated.
It found Iceland (92.6 percent) continued to lead index, holding the top position for 16 consecutive years, and remained the only economy to have closed more than 90 percent of its gender gap since 2022.
The report showed Australia improved 11 places on the global rankings over the past 12 months to be the 13th-best performing nation.
The latest Workplace Gender Equality Agency (WEGA) data shows a gender pay gap has closed to 88.1 percent.
