Indonesia moves up two spots to 13th since 2021 Singapore retains the third spot behind Japan and the UK Salesforce released Data Beyond Borders 3.0, its third report analysing the state of G20 economies and Singapore’s openness to cross-border data flows. “Cross-border data transfers drive economic success. In ASEAN, economies like Singapore are reaping the benefits with its strong cross-border data policies and conducive regulatory environment.
Singapore retains the third spot behind Japan and the UK, its third report analysing the state of G20 economies and Singapore’s openness to cross-border data flows.
Singapore retained third place in the overall ranking, coming only behind Japan and the United Kingdom. It held the same spot in 2021. In Singapore, the government has signed Digital Economy Agreements with several countries, including Chile, New Zealand, South Korea, Australia, the European Union, and the United Kingdom, to promote the free flow of data.
Countries that embrace open cross-border data flow are more likely to grow their digital economies. Cross-border e-commerce has had a 45-fold increase throughout the last decade, reaching an estimated US$2.7 trillion in 2023. When data moves across borders, it increases competition, enhances the opportunities for a country’s people, communities, and businesses — including job-creating and knowledge-sharing — and positively impacts its overall economy.
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