Global impact

AI’s global impact is expected to match the GDP of 177 countries

Consulting powerhouse PwC released projections for the economic value of artificial intelligence. They found that the world’s $75 trillion Gross Domestic Product (or GDP, the measurement of the total economic output of a place) could grow 14% higher by 2030 on the back of advancements in AI. That works out to an additional $15.7 trillion in economic value. PwC projects that China will see the greatest gains, with 26% GDP growth from AI, while North America should see a 14% boost. Big picture, the biggest sector gains will be in retail, financial services, and healthcare.

It’s easy to read a ginormous figure like $15.7 trillion dollars without the size settling in mentally. So here’s some context to this projection of AI’s global impact. Using data on 2016 GDP from the World Bank, $15.7 trillion represents the total economic output of 177 different countries. Ranking the world by GDP size, with U.S. #1, China #2, and so on, $15.7 trillion equates to the output of every country below #17 on the list – from the Netherlands, Switzerland, and Saudi Arabia all the way down to #195 Tuvalu.

Or to put it another way: By 2030, AI will create as much economic value as the current GDP of 177 countries. 

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