At the recent Enterprising Women of the Year annual gathering, I spoke to other members of the Editorial Advisory Board to update them on trends in women’s entrepreneurship around the world. This year, I shared four key numbers that every womenabler should know. Here they are for all of you to know and share as well:
For every 100 male business owners there are around the world, there are only 69 female business owners. (SOURCE: Babson College, 2014 Global Entrepreneurship Monitor Women’s Report, 2015)
The number of women business owners worldwide. (SOURCE: Womenable calculation based on data from the International Labour Organisation’s 2015 Key Indicators of the Labour Market report)
The estimated gender credit gap in developing economies around the world. (SOURCE: Goldman Sachs Global Markets Institute, Giving credit where it is due, 2014)
$12 (or $28) trillion
The amount that would be added to global GDP if there were economic gender parity among all countries in each region of the world (the ‘best in region’ scenario, totaling $12T) or among all countries worldwide (the ‘full potential’ scenario, totaling $28T). (SOURCE: McKinsey Global Institute, The Power of Parity, 2015)
So, fellow womenablers, keep these four (or five) numbers at the ready. They not only indicate the amount of work we still have to do, but the benefits that will be realized once we approach economic parity. Onward and upward!