Fans in 16 countries, including the UK, US, Australia and India, will be able to watch the gig, the band's penultimate concert of 2009.
'The band has wanted to do something like this for a long time,' U2 manager Paul McGuinness said in a statement on the official U2 website.
'Fans often travel long distances to come to see U2 - this time U2 can go to them, globally.'
The concert is to be attended by more than 96,000 fans and is already set to be filmed. Mr McGuinness said the online stream of the show was 'the perfect opportunity to extend the party beyond the stadium'.
Chris Maxcy, director of YouTube partner development, added: 'YouTube is thrilled to be able to provide our global audience with a live streaming performance from one of the world's greatest bands.
'We are always looking for new ways to connect fans around the world with their favourite artists, and this is the perfect opportunity to do just that.'
The announcement comes after U2 frontman Bono praised US president Barack Obama for 'rebranding' America.
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