Boosting Mongolia’s Long-Term Economic Growth through More Equal Labor Force Participation between Men and Women

In the country, 53.4% of women participate in the labor force compared to 68.3% for men. The coronavirus disease is causing women’s participation to fall even further behind. Asian Development Bank estimates show that eliminating gender inequality at work and home would increase Mongolia’s female labor participation to 63.2%, boosting the country’s annual per capita growth rate by 0.5 percentage points and increasing gross domestic product per capita by 16.1 percentage points overall in 30 years.