https://techmonitor.ai/policy/privacy-and-data-protection/gdpr-has-cost-businesses-8-of-their-profits-according-to-a-new-estimate

GDPR has cost businesses an 8.1% decline in profit and a 2.2% drop in sales, according to a new estimate by researchers at the Oxford Martin School. Although the study does not estimate the positive impact of GDPR, it raises the question of whether the regulation’s benefits justify these costs.

In order to estimate the economic impact of the EU’s General Data Protection Regulation, Carl Benedikt Frey and Giorgio Presidente of the Oxford Martin School assessed the sales and profits of companies doing business in the EU before and after GDPR was enacted in 2018.