GENEVA – Artificial intelligence is poised to disrupt nearly half of the world’s jobs, according to a new report from the UN’s trade and development body, UNCTAD. While AI’s market value is projected to hit $4.8 trillion by 2033—comparable to Germany’s economy—the agency cautions that the benefits may not be evenly shared.
The report highlights that unlike past technological shifts which mostly affected manual labor, AI is expected to hit knowledge-based professions hardest. As a result, developed nations may experience more significant changes, although they are also better prepared to leverage AI’s potential.
“AI could enhance productivity, but it may also worsen inequality, especially in developing economies where low-cost labor is a key advantage,” UNCTAD stated.
UNCTAD Secretary-General Rebeca Grynspan emphasized the importance of putting people first in AI strategies, advocating for a global framework shaped by international collaboration.
Back in 2023, emerging technologies—including AI—were valued at $2.5 trillion. That figure is projected to grow to $16.4 trillion by 2033, with AI taking the lead. However, access to AI tools and talent remains limited to a handful of nations, predominantly the US and China.
The agency urged countries to invest in digital infrastructure and skills training to prepare workers for AI integration. It also called for the inclusion of all nations in AI governance talks, warning that 118 countries, mostly from the Global South, currently lack representation.
“AI has the power to create new industries and empower workers,” UNCTAD concluded, “but without strategic planning, it could deepen global divides.”