Course 8: Promote inclusive and sustainable economic growth, employment and decent work for all
- Global real GDP per capita was projected to increase by 3 per cent in 2022, but the Ukraine crisis will likely hold growth to 2.1 per cent.
- The real GDP for least developed countries is projected to rise by 4.0 per cent in 2022, and 5.7 per cent in 2023 – still below the 7 per cent target under the 2030 Agenda.
- In 2021, global output per worker rebounded sharply, rising by 3.2 per cent; however, productivity in least developed countries declined by 1.6 per cent.
- The average worker in a high-income country produced 13.6 times more output than the average worker in a low-income country in 2021.
- The global unemployment rate is projected to remain above its 2019 level of 5.4 per cent, at least until 2023.
- In 2021, unemployment declined slightly to 6.2 per cent.
- In 2021, 4.3 per cent of global working hours were lost relative to the fourth quarter of 2019.
- Worldwide, 160 million children (63 million girls and 97 million boys) were engaged in child labour at the beginning of 2020.
- Globally, 9 million additional children are at risk of being pushed into child labour by the end of 2022, compared to 2020, as a result of rising poverty driven by the pandemic.
8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
8.2 Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
8.3 Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
8.4 Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead
8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
8.6 By 2020, substantially reduce the proportion of youth not in employment, education or training
8.7 Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms
8.8 Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
8.9 By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products
8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
8.A Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries
8.B By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization
International Labour Organization
Inquiry into the Design of a Sustainable Financial System: Policy Innovations for a Green Economy
Economic and Social Commission for Asia & the Pacific
Economic and Social Commission for Western Asia
Economic and Social Commission for Africa
Economic and Social Commission for Europe
Economic and Social Commission for Latin America & the Caribbean
