Providing sustainable and inclusive economic growth for all is a requisite to an all-around more stable world economy and the development of other SDGs. This goal includes two main economic components for a forward-moving society: generating economic growth and employment opportunities. A person with reliable employment and decent, livable pay can put money back into the economy. If job creation and increased access to financial services are equally available to everyone, the wage gap and related inequalities will diminish. Government aid is needed in order to protect businesses, work environments, and workers. Support efforts for the most vulnerable need to be heightened now more than ever to ensure economic stability, equal treatment, and safe working environments.
The goal of economic growth and stability holds the power to bridge the gap in economic inequalities and shift power directly into the hands of its citizens. Providing every person on the planet with decent work and economic growth opportunities will only strengthen communities and countries. Strong economies have the means to build and support sustainable development as well as accomplish other SDGs.
Targets & Indicators
When the UN General Assembly introduced the Sustainable Development Goals in 2015, they listed the targets that needed to meet for each goal. These targets break down what needs to be achieved to consider the goal completed. The UN Statistical Commission created the IAEG (International Agency and Expert Group) in 2017, which was tasked with creating the “indicators” for each target. These indicators were created to put measures in place to track the process being made on each target.
Targets and indicators were developed by the UN as a working blueprint for nations, organizations, and people to use when implementing SDGs in their everyday actions. Looking to the targets for the respected goal is the best way to execute the use of them in your work.
8.1Sustain per capita economic growth in accordance with national circumstances and at least 7 percent gross domestic product growth per annum in the least developed countries.
- 8.1.1 Annual Growth Rate of Real GDP Per Capita
8.2Achieve higher levels of economic productivity through diversification, technological upgrades, and innovation through a focus on high-value and labor-intensive sectors.
- 8.2.1 Annual Growth Rate of Real GDP Per Employed Person
8.3Promote 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.
- 8.3.1 Proportion of Informal Employment in Non‑Agriculture Employment (by Sex)
8.4Improve progressively through 2030 global resource efficiency in consumption, production, and endeavor to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programs on sustainable consumption and production, with developed countries taking the lead.
- 8.4.1 Material Footprint, Material Footprint Per Capita, and Material Footprint Per GDP
- 8.4.2 Domestic Material Consumption, Domestic Material Consumption Per Capita, and Domestic Material Consumption Per GDP
8.5By 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.
- 8.5.1 Average Hourly Earnings of Female and Male Employees, by Occupation, Age, and Persons with Disabilities
- 8.5.2 Unemployment Rate, by Sex, Age, and Persons with Disabilities
8.6By 2020, substantially reduce the proportion of youth not in employment, education, or training.
- 8.6.1 Proportion of Youth (Aged 15-24 Years) Not in Education, Employment or Training
8.7Take immediate and effective measures to eradicate forced labor, end modern slavery, and human trafficking and secure the prohibition and elimination of the worst forms of child labor, including recruitment and use of child soldiers, and, by 2025, end child labor in all its forms.
- 8.7.1 Proportion and Number of Children Aged 5‑17 Years Engaged in Child Labor by Sex and Age
8.8Protect labor rights and promote safe and secure working environments for all workers, including migrant workers, especially female migrants, and those in precarious employment situations.
- 8.8.1 Fatal and Non-Fatal Occupational Injuries Per 100,000 Workers by Sex and Migrant Status
- 8.8.2 Level of National Compliance with Labor Rights (Freedom of Association and Collective Bargaining) Based on International Labour Organization (ILO) Textual Sources and National Legislation by Sex and Migrant Status
8.9By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products.
- 8.9.1 Tourism Direct GDP as a Proportion of Total GDP and Growth Rate
8.10Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance, and financial services for all.
- 8.10.1 Number of Commercial Bank Branches and Automated Teller Machines (ATMs) per 100,000 Adults
- 8.10.2 Proportion of Adults (15 Years and Older) wth an Account at a Bank or Other Financial Institution or with a Mobile Money Service Provider
8.aIncrease aid for trade support for developing countries, especially least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries.
- 8.a.1 Aid for Trade Commitments and Disbursements
8.bBy 2030, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization.
- 8.b.1 Existence of a Developed and Operationalized National Strategy for Youth Employment, as a Distinct Strategy or as Part of a National Employment Strategy