Investing in the Care Economy: A Key to Global Prosperity and Gender Equality

Geneva, July 16, 2025 – The International Labour Organization (ILO) has issued an urgent appeal for nations to prioritize public investment in care services, highlighting their critical importance in tackling global socio-economic challenges, empowering women, and strengthening community well-being. In its newly published “Care Economy Brief,” the ILO stresses that care must be integrated into national development and financial planning to address the rising demand expected over the next five years.
By 2030, around 2.3 billion people worldwide are projected to need care services—an increase of 200 million since 2015. This growing demand stems from aging populations, evolving family dynamics, and improved healthcare accessibility. Rather than viewing care as a social burden, the ILO urges governments to treat it as a strategic economic investment with transformative potential.
The organization draws attention to the significant gender imbalance in unpaid care work, which continues to restrict women’s participation in the formal workforce. By expanding professional care services such as child care, elder support, and assistance for persons with disabilities, public investment can reduce this inequality. This not only frees up women’s time for education and employment but also boosts female labor force participation, leading to more inclusive economic growth.
Moreover, investing in care strengthens communities. Quality care services improve public health, support vulnerable groups, and ease the pressure on families. The sector itself is a major source of employment, offering stable and meaningful jobs while stimulating local economies.
The ILO’s brief positions care as a public good essential to sustainable development. With the global landscape rapidly evolving, the time is ripe for governments to place care at the center of economic strategy. By doing so, they can create more resilient, equitable, and prosperous societies for all.
