Integrating LGBTI citizens could add $360mn to economies of Serbia and North Macedonia

 | 
09/28/2023

New reports from the World Bank released on September 26 suggest that implementing policies to enhance the social inclusion of lesbian, gay, bisexual, transgender, and intersex (LGBTI) individuals could lead to more equitable and just societies while also benefiting the economies of North Macedonia and Serbia. The research estimates that integrating LGBTI people into the economy could potentially contribute approximately $360mn annually to the combined GDP of the two Western Balkan nations. The reports highlight that if barriers to entry in the labour market for LGBTI individuals were reduced, leading to decreased discrimination based on sexual orientation, gender identity, and sex characteristics, the annual GDP of North Macedonia and Serbia would rise by an average of 0.6%. This positive development would translate to an additional $64mn for North Macedonia and $293mn for Serbia.

Regions: , ,

Share this:

Latest Global News

Added on: 07/26/2024
07/25/2024
Ghana’s Supreme Court on Wednesday upheld a six-decade-old law criminalizing gay sex as the west African country awaits another court decision on whether to …
Added on: 07/26/2024
07/25/2024
The Government of Namibia has chosen the wrong side of history by challenging the recent High Court ruling that declared the country’s apartheid-era ban …
Added on: 07/26/2024
07/25/2024
It’s hard to believe it was little over a year ago. Just 12 months ago, the best women’s soccer teams from across the globe …

Explore LGBTQ+ Issues

Other News from , ,

Added on: 07/26/2024
It’s hard to believe it was little over a year ago. Just 12 months ago, the best women’s soccer teams from across the globe …
Added on: 07/22/2024
Faced with rape threats, forced conversion therapy, and the necessity to flee their homeland, four queer individuals share their experiences with DW. “The Russian …
Added on: 07/21/2024
At least 144 out LGBTQ athletes will be heading to Paris for the 2024 Summer Games, with a record number of out male Olympians …