Goal 8: Decent work and economic growth
SDG 8 is to: "Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all".
SDG 8 has twelve targets in total to be achieved by 2030. Some targets are for 2030; others are for 2020. The first ten are "outcome targets". These are: sustainable economic growth; diversify, innovate and upgrade for economic productivity; promote policies to support job creation and growing enterprises; improve resource efficiency in consumption and production; full employment and decent work with equal pay; promote youth employment, education and training; end modern slavery, trafficking, and child labour; protect labour rights and promote safe working environments; promote beneficial and sustainable tourism; universal access to banking, insurance and financial services. In addition, there are also two targets for "means of achieving", which are: Increase aid for trade support; develop a global youth employment strategy.
Over the past five years, economic growth in least developed countries has been increasing at an average rate of 4.3 per cent. In 2018, the global growth rate of real GDP per capita was 2 per cent. In addition, the rate for least developed countries was 4.5 per cent in 2018 and 4.8 per cent in 2019, less than the 7 per cent growth rate targeted in SDG 8. In 2019, 22 per cent of the world's young people were not in employment, education or training, a figure that has hardly changed since 2005. Addressing youth employment means finding solutions with and for young people who are seeking a decent and productive job. Such solutions should address both supply, i.e. education, skills development and training, and demand. In 2018, the number of women engaged in the labor force was put at 48 per cent while that of men was 75 per cent.
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