While women are taking on more senior roles across Latin America, there is still a long way to go before women achieve equality in leadership.
Research by Grant Thornton shows the proportion of women in senior management roles in Latin America climbed 8 percentage points between 2019 and 2020—the biggest increase globally. Yet women still only hold just 33% of top roles.
There is much to gain from greater gender parity. According to PwC, if all member countries of the OECD—which includes Colombia, Costa Rica, and Mexico—increased their female labor force participation rate to match that of Sweden (80%), GDP would rise by more than $6 trillion.
Sources
Source: Grant Thornton, Women in Business 2020: Putting the Blueprint into Action (2020)
Source: https://www.atlanticcouncil.org/blogs/new-atlanticist/mind-the-gap-reducing-gender-gaps-will-foster-long-term-economic-prosperity-in-colombia/