While these findings might seem discouraging, the report does show some progress since 2018 when the same researchers predicted the gap would take 108 years to close.
While women appear to be gradually closing the gender gap in areas such as politics, health and education, workplace inequality is not expected to be erased until the year 2276, according to a report published by the World Economic Forum (WEF).
WEF forecasted that it will take 99.5 years for women to achieve parity on average, down from the 108 years forecast in last year's report.
In the WEF's latest report the United Kingdom has slipped from 15th to 21st place. "It will need better and appropriate education for the girls & boys and men & women with an aim to bring attitudinal changes", said V P Gupta, from Society for Participatory Research In Asia (PRIA), a Community based research organisation working ln, gender equality, rights of unorganized sector workers.
When the Global Gender Gap Index began in 2006, the USA held the 23rd spot, ranking 3rd for economic participation and opportunity. Since then, India's rank has only worsened.
Likewise, the country slipped from 112 to 150 in economic participation and opportunity, from 110 to 143 in educational attainment, from 112 to 149 in health and survival and from 37 to 93 in political empowerment during the same period. The WEF said economic opportunities for women are extremely limited in India (35.4 per cent), Pakistan (32.7 per cent), Yemen (27.3 per cent), Syria (24.9 per cent) and Iraq (22.7 per cent). The female estimated earned income is barely one-fifth of the male income, among the world's lowest (144th).
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In health and survival, the gap widened to 94.6pc, which means that women in the country do not have the same access to healthcare as men.
Japan's gender gap is by far the biggest among all advanced economies, with only 15% of senior and leadership positions held by women, while income is about half that of men. "Violence, forced marriage and discrimination in access to health remain pervasive". Ranked 54th on the list, the country has large numbers of women in traditionally the most segregated industries, such as engineering and cloud computing.
WEF said there is a correlation between the number of women in senior corporate roles and how empowered they are in a country's politics. It was followed by Norway, Finland and Sweden. Other economies in the top 10 include Nicaragua (5th, 80.4%), New Zealand (6th, 79.9%), Ireland (7th, 79.8%), Spain (8th, 79.5%), Rwanda (9th, 79.1%) and Germany (10th, 78.7%). The WEF said one positive development is the possibility that a "role model effect" may be starting to have an impact in terms of leadership and possibly also wages. First, the report found that many jobs that employ a high number of women have been hardest by automation, such as retail and white-collar clerical work.
For the eleventh year in a row, Iceland is the top country in the world for gender parity. "For business, too, diversity will be an essential element to demonstrate that stakeholder capitalism is the guiding principle".
The World Economic Forum, which hosts an annual meeting of the world's political and economic leaders in Davos, released this year's report on Monday.