“Women dominate the overall top-level management position by 10 percent as the fairer sex accounts for 55 percent of the executives.

The Philippines, already the most gender-equal country in Asia-Pacific, could boost local output measured as the gross domestic product (GDP) by an additional $40 billion over the next seven years if it can admit more poor and less educated women into the workforce.

Fourty billion dollars roughly equal P2.12 trillion added to the country’s GDP where more women had been allowed the opportunity to participate in nation-building through employment and other productive undertaking.

This surfaced in a report on gender diversity in the Philippines released only recently by the iPrice Group, a privately-owned shopping aggregator based in Kuala Lumpur.

In its most recent survey on so-called e-commerce units in the country, a copy of which was sent to the Daily Tribune, women dominate the overall top-level management position by 10 percent as the fairer sex accounts for 55 percent of the executives while the males equal only 45 percent of total.

The iPrice Group collected data from Bloomberg, LinkedIn and other so-called open sources to find out where countries such as the Philippines stood in terms of gender inequality, by itself an issue of global importance.

Its analysts said women account for around half of the world’s working-age population but are less likely than men to be given opportunities for economic advancement or participation.

“If every country matched the progress toward gender parity of its fastest-improving neighbor, global GDP could increase by up to $12 trillion in 2015,” according to analysts at McKinsey, a management consulting firm headquartered in New York but has a local presence called McKinsey Philippines.

This conclusion forms part of a report titled McKinsey Global Institute 2018 Report.

The iPrice Group also quoted a separate report from Grant Thorton showing that women executives in the Philippine e-commerce space occupy the bulk or 55 percent of total executive positions and more than twice the global average of only 24 percent.

These findings are significant in that the role of woment in workplaces everywhere continues to be a critical economic challenge,” the iPrice Group said.

The World Economic Forum which publishes the Global Gender Gap Index, previously noted the Philippines consistently performed as one of the most gender-equal workplaces in the world.

“Philippines took the helm in South East Asia with the most number of women in leadership, technical and professional roles. Additionally, the country scored higher than Thailand and Singapore, countries that fall into the upper middle-income to high-income group.”

“From its last year’s report, Philippines slipped three notches to 10th place, partly due to its performance drop on wage equality, health and survival gender gap. The nation fared well in the political empowerment of women specifically on women handling managerial and executive positions and labour force participation,” the iPrice Group said.

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