Breaking down gender norms would mean $128 billion more in GDP each year: Deloitte report

Breaking down entrenched gender norms in Australia could unlock $128 billion per year in the economy and 461,000 additional full-time employees.

The figures come from a new report launched by Deloitte Access Economics and Australians Investing in Women, which found gender norms — which incentivise people to behave in stereotypical ways — underpin all the existing gender gaps in Australia.

Modelling for the report found that letting go of prescriptive gender norms would grow the economy by $47 billion by 2040 and $163 billion by 2050.