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Account ownership growth has been steepest in developing economies: with growth rates of over 25% in Peru, South Africa, Uganda and India.
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In South Asia and in sub-Saharan Africa, more than half of unbanked adults own mobile phones. Encouraging mobile banking could drive up account ownership rates.
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During the Covid-19 pandemic, mobile money services and digital banking usage went up across the world, as people were forced to receive salaries and pension payments digitally, as well as pay for goods online.
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According to the ILO, women are paid 20% less than men on average globally.
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Data from the Swedish National Mediation Office shows that the gender pay gap is low within public authorities at the municipal and state levels (1.5% and 5.3%, respectively). Wage differentials in the private sector hover around 10%.
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From 2005 to 2021, Rwanda’s GDP per capita increased from $332 to $834.
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