The analysis shows that The G20 countries have made significant progress in driving data flows across borders. However, these advances also reveal economic disparities between countries that adopt open data transfer policies and those that do not.

When there is transfer of data across international boundaries, greater competition occurs, opportunities for residents and companies are expanded, which includes job creation and knowledge sharing, and as a result, it has a positive impact on the general economy of a country. Because of that, the movement of data across borders can benefit economic and social developmentHe.

Data Beyond Limits 3.0

On the other hand, the report highlights the strategic relevance of cross-border data flows for the world economy. Cross-border e-commerce has grown 45 times in the last decade and is expected to reach $2.7 trillion by 2023. In comparison, data transfers between the United States and Europe represent about 7.1 trillion dollars. Digital skills development is expected to drive 70% of new economic growth over the next decade.

Japan and the UK lead the way in terms of ease of cross-border data flow in the G20, followed by Australia, Singapore and the United States. On the other hand, Russia and China have low regulatory ease for cross-border data flows due to strict data localization requirements. Since the 2021 report, Argentina, Australia, Brazil, India, India and Saudi Arabia are the economies that have increased the most in driving cross-border data flows through new laws and policies.

For his part, Sassoon Grigorian, Salesforce Vice President of Public Affairs at APACsaid that “while there has been progress in managing cross-border data flows in the G20 economies since 2021, this report shows that economies seeking to advance data policy and regulation are more likely to grow and be more competitive.