To date, said the WEF, there was still a 32pc average gender gap that remained to be closed. Also the leader of Iceland has a rating of a to 85.8 per cent closed gap worse than in the previous year (88 per cent). The highest-placed economy in our index is Tunisia, which ranks 119.
The WEF said that globally, women registered setbacks in the three areas of education, health and political representation this year, and despite a small narrowing in the gap in the in the area of economic opportunity, the global wage gap stands today at 51 per cent, noting that this gap is expected to take 202 years to close.
This is the second year Canada has placed 16th in the worldwide organization's list, which measures economic, educational, health and political disparities experienced between men and women in more than 100 countries around the world. It's a welcome revelation as the same report in 2017 showed that the gap between men and women widened for the first time.
Projecting current trends into the future, it added that the overall global gender gap would close in 108 years across the 106 countries covered since the first edition of the report.
"One thing that is clear is that proactive action - in the form of clear and achievable policy prescriptions - is needed to address the gender gap".
China is becoming a more unequal place for women, a new report says. Women made up 28% of the AI workforce in all three countries, for the highest percentage among 20 economies surveyed this year using LinkedIn data.
Vladimir Putin says Russian rap music "should be taken over" by government
He also warned that the lowering of thresholds relating to nuclear capability "could really lead us to catastrophe". On the Russian economy, Putin hailed another year of growth after a previous period of stagnation.
"This a worrisome development for which there are a number of potential reasons", the report said. The number of women in leadership roles also grew.
Although the number of women in science, technology, engineering or mathematics (STEM) has increased in recent years, they still only account for about 30 percent of the world's researchers, the United Nations cultural agency UNESCO says.
Another potential reason is that the infrastructure needed to help women enter or re-enter the workforce - such as childcare and eldercare - is under-developed and unpaid work remains primarily the responsibility of women.
Norway: 83.5 percent of its gender gap closed.
Progress in political empowerment in the West has been slightly reduced, with the gap of women in Parliament in 22 Western countries being 41%. "In terms of political empowerment, the progress achieved over the past decade has started to reverse". On a global average, 18% of women are ministers and only 24% are parliamentarians.
"More than ever, can not afford to companies, to waive the skills, ideas and perspectives of half of humanity", said WEF founder Klaus Schwab in the report.