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Metaverse Estimated to Add $3T (+2.8%) to Global GDP in 10 Years

Estimates are that the metaverse could add in Sub-Saharan Africa – 1.8% contribution to regional GDP, or $40 billion.

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Meta metaverse
Example of Meta's Metaverse development journey (Photo: CNBC'Google)

Meta commissioned Analysis Group to conduct a study on the potential global economic impact of the metaverse, including regional estimates for Asia Pacific; Canada; Europe; India; Latin America and the Caribbean; the Middle East, North Africa, and Turkey; Sub-Saharan Africa; and the U.S. 

While estimates about the economic impact of the metaverse are already part of the public discourse, the Analysis Group report, The Potential Global Economic Impact of the-Metaverse, utilizes analytical and quantitative methods to further the discussion about how the ‘new order’ can expand economic opportunities.  

According to the new report, it has the potential to add an estimated $3 trillion to the global economy in a decade if adoption and growth are similar to mobile technology.

Estimates are that the metaverse could add in Sub-Saharan Africa – 1.8% contribution to regional GDP, or $40 billion.

This finding demonstrates the potential to bring substantial, beneficial economic impacts including contributing to GDP growth, creating jobs, increasing productivity and improving quality of life in developed and developing countries. 

The full white paper can be found here.

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@TechEconomyNG connects past-present-emerging technological impacts on Businesses, People and Cities. All Correspondence to: [email protected]

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