Goldman Sachs: AI Could Add $7 Trillion to Global GDP Over Next Decade
A comprehensive Goldman Sachs report projects AI will boost global GDP by 7% over 10 years, driven primarily by productivity gains in knowledge work, software development, and scientific research.
Goldman Sachs has published an updated analysis projecting that artificial intelligence could add approximately $7 trillion to global GDP over the next decade, representing a 7% increase over baseline projections. The report, authored by the bank's chief economist Jan Hatzius and his team, represents one of the most detailed economic analyses of AI's macroeconomic impact.
The productivity gains are projected to be most significant in knowledge-intensive sectors: software development (40% productivity improvement), legal services (35%), financial analysis (30%), and scientific research (25%). The report notes that these sectors collectively account for a substantial portion of GDP in advanced economies.
However, the analysis also addresses labor market disruption, projecting that approximately 300 million full-time equivalent jobs could be exposed to automation. The report emphasizes that "exposed" does not mean "eliminated," as historical technological transitions have typically created new job categories while transforming existing ones.
The report recommends that governments invest in workforce retraining programs and education system reforms to ensure broad participation in AI-driven productivity gains. It also calls for international coordination on AI governance to prevent regulatory fragmentation.
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