AI and Economy: What’s the Impact

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How will AI impact the global economy? Will it lead to job loss or gains on quality of jobs?

What’s the real value of AI for your business and how can you capitalise?

1. AI could contribute $15.7 Trillion to Global Economy in 2030

Artificial intelligence (AI) can transform the productivity and GDP potential of the global economy. Strategic investment in different types of AI technology is needed to make that happen.
PwC expects $15.7tr potential contribution to the global economy by 2030 from AI.

AI could contribute up to $15.7 trillion1 to the global economy in 2030, more than the current output of China and India combined. Of this, $6.6 trillion is likely to come from increased productivity and $9.1 trillion is likely to come from consumption-side effects

The greatest economic gains from AI will be in China (26% boost to GDP in 2030) and North America (14.5% boost), equivalent to a total of $10.7 trillion and accounting for almost 70% of the global economic impact.

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