- Borrowing
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Progress towards Goal 8 faces headwinds from the COVID-19 aftermath, trade tensions, rising debt in developing countries, conflicts and geopolitical strains – collectively threatening global economic growth. While global real GDP per capita growth rebounded in 2021, it slowed in 2022 and is projected to stabilize through 2025. • Global unemployment hit a historic low of 5 per cent in 2023 yet persistent roadblocks remain in achieving decent work. Women and youth face higher unemployment rates. Informal employment poses a significant global challenge, with over 2 billion workers in informal jobs lacking social protection in 2023. In the LDCs, and in sub-Saharan Africa and Central and Southern Asia, nearly 9 in 10 workers are informally employed. Alarmingly, over one in five young people are not in education, employment or training (NEET). Compliance with fundamental labour rights has deteriorated. • Accelerating progress demands sustainable economic policies, support for entrepreneurship and innovation, formalization of the informal economy, safeguards of workers’ rights, social justice, and inclusive employment opportunities, especially for women and youth.
| Target | Description |
|---|---|
| 8.1 |
Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries. |
| 8.2 |
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors. |
| 8.3 |
Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services. |
| 8.4 |
Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10‑Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead. |
| 8.5 |
By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. |
| 8.6 |
By 2020, substantially reduce the proportion of youth not in employment, education or training. |
| 8.7 |
Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms. |
| 8.8 |
Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment. |
| 8.9 |
By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products. |
| 8.a |
Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all. |
| 8.b |
Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-related Technical Assistance to Least Developed Countries. |
| 8.c |
By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization. |
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Some suggestions from The Global Goals for things you can do to engage with this goal.
Organize a mentoring program.
Invite people with experience in a certain field to create a mentoring group that will help young people better prepare for their future jobs.
Be a conscious consumer.
If something is cheap it is likely to be hurting people or the planet in some way.
Know your rights at work.
In order to access justice, knowing what you are entitles to will go a long way.
Read about workers in other countries and business practices
Talk to your colleagues about these issues.
Buy from local producers.
Support local economic growth by choosing to buy from local producers and businsesses.
