The World Economic Forum (WEF) produces an annual Global Gender Gap Report in collaboration with McKinsey & Company, which assesses gender gaps in economies around the world across four dimensions: economic participation and opportunity, education, political representation, and health. While progress has been made in some areas, significant gender gaps remain globally, including underrepresentation of women in leadership positions, unequal pay, lower educational attainment in STEM fields, and underrepresentation in political leadership. Closing the gender gap could add $1.5 trillion to global GDP by 2025 and help reduce poverty, improve health outcomes, and increase political participation. The report ranks 149 economies based on their performance across these four dimensions, with Western European and North American countries performing better than those in Africa, Asia, and Latin America.