When you hear technology, you collocate freelancing with it in the present era. Do you know why? There are around $1.2 Billion freelancers across the globe. This proved that freelancing is the Pakistan Becomes the 4th Fastest Growing Freelance Market Across the World
If you make an estimate, it carries around 34% of the Global Freelance Market Size. In addition, the freelance platform alone has a worth of $ 3.39 Billion worldwide. These figures might have given you a shock for once.
Why Freelancing Is The Future?
Undoubtedly if you opt for freelancing, it ranks amongst the most profitable careers. It provides a free space for humans to make their choices. People are running for more flexible approaches to working within their interests.
Moreover, freelancing is beneficial for both companies and individuals equally. If a company hires a full-time employee, it costs them a full-time salary.
Contrary to this, a freelancer can be hired for a contract-based project. At this point, the particular project payment is a necessity only.
As a result, companies can easily make a firm profitable economic growth. If we move on to individual progress, Kudos to the technology which made remote work easy and accessible. The freelancing pros side being heavier has raised several countries to take over the industry.
Do you need help with where to work or where to invest in the freelance industry?
Here is a list of the top 10 freelance countries with revenue growth percentiles.
Take a bird’s eye view at this post to make a more straightforward path for yourself!
UNITED STATES (78%)
Undoubtedly the United States is the world’s supreme power, and the economy is taking the lead in the freelance industry. According to estimates, freelancers contribute around $1.2 Trillion to the country’s economy. These figures are gigantic.
Additionally, several reasons ranked the U.S. as the top-notch freelance country in the world. To begin with, freelancers in the U.S. have no age boundaries. They have realized that freelancing is not for the sidekick’s pocket money. But it fuels up your ultimate income higher than your office salaries.
According to freelance statistics for 2022, 36% of the U.S. force is doing freelance workhttps://freelancersofpakistan.com/top-freelancing-websites-in-pakistan-to-start-your-career-in-2022/. If you possess a high-tech skill, as a freelancer, you can earn around $120,000 annually.
However, this is much higher than the average rate of freelancers from other countries. The trust the U.S. has built makes it a qualitative country for investing your skill and money. The U.S. freelance market is expected to reach up to 90.1 Million by 2028.
The united kingdom joined the top freelance countries ranking bar in 2019. According to freelance statistics for 2022, around 4.8 Million freelancers are working in Uk. Additionally, they contribute around £145 Billion to the economy.
Generally speaking, the expenses in the U.K. make freelancing an ultimate option for citizens. As people started knowing more about its perks, they rapidly shifted to the industry. This made the country rank as the second-largest freelance country in the frame.
Consequently, the Uk freelance industry I expected to reach £10Billion by 2023. Moreover, the fastest growing sectors are the I.T. service providers, followed by accounting and business consultation.
Apart from Neymar being a highlight for Brazil country, the freelancers have also made a strong imprint. According to the report on freelancing, 25 Million Brazilian freelancers work with outsourced companies.
Unfortunately, Brazilian companies still need to be well-established to embrace remote workers. However, Brazilian freelancers earn around $1.4 Billion annually. In addition to this, freelancers from Brazil have lower-cost packages. For this reason, companies hire Brazilian freelance workers happily.
The world was in shock when an Asian country like Pakistan developed rapidly in the Pakistan Becomes the 4th Fastest Growing Freelance Market Across the World of freelancing. Around 3 Million freelancers are currency working, and more growth is still yet to come.
Moreover, the pandemic brought a positive change in the remote working environment. An uprise of 48% was witnessed in the freelance industry in 2022. Consequently, freelancers earned around $400 Million in the fiscal year 2022. This solidified Pakistan’s ranking as 4th in the freelance industry.
An interesting fact about the Pakistani freelance industry is that women earn more than male freelancers. According to a survey, young graduates earned around PKR/ 14 Cr. from the freelance employment program. Around 70% of the freelancers in Pakistan are below the age of 35.
Pakistan has a vast pool of talented and skilled freelancers. Among the Asian countries, Pakistan raised its rank pace on the top. Moreover, government support and encouragement made freelance success possible.
They provide free training programs and certificates alongside unlimited opportunities in the freelance industry. To sum up, freelancer growth is rapidly increasing in Pakistan.
As a result, Pakistan might become the strongest competitor for U.S. freelancers in a few years. It has been estimated that 50% of Pakistani citizens will be in the freelance workforce by 2028.
The sad Russo-Ukrainian war makes the entire world moan over the destruction. To bring you out from the trauma, Ukraine has an impressive 5th largest freelancer ranking worldwide. 1.7 Million freelancers are working in the country.
A shocking fact about Ukraine is that it has a high rate of I.T. universities. Technical skills already have a massive demand in the world. For this reason, young freelancers have high expertise in the I.T. sector.
Moreover, Brazil has a similar time zone to Europe. This helps companies within the continent to hire Ukrainian freelancers easily. They have extended professionalism in working with the western market.
Conclusively, Ukrainian freelancers have a good reputation in the I.T. sector. This makes Ukraine the ultimate choice for hiring freelancers.
Not a well-known country when it comes to colossal business sectors. However, the government has 1.5 Million Philippine freelancers. Moreover, they have low charge rates, which makes them preferable to outsourcing companies. Filipino freelancers earn around ₱196,992 annually.
In addition, the government has funded a scheme to mold local trainers into digital entrepreneurs. They train through the Rural Impact Sourcing Technical Training Project to reduce the unemployment rates in the country.
You might not know that the Philippines is a hub of cultural entrepreneurship. This creates an open pool for freelance opportunities. Moreover, the environment has ranked the Philippines as the 6th largest freelance country in the freelance world.
Initially, India was amongst the top freelance countries in the world. According to freelance statistics, 15 million freelancers are working in India. However, its revenue dropped in 2019, which brought it to seventh place.
Although India is still a core place for talented freelancers, they earn an average salary of ₹ 4.0 lac annually. India has a strong economy because of the booming business industry.
Ultimately, the ministry of skill development and entrepreneurship is trying to regain its place in the freelance industry. It is wholly dedicated to training women and lower-class groups to gain skills and earn money.
Bangladesh is a densely populated country in the world. Moreover, It is also a long-time leader in the fastest-growing market of freelancing. They are bringing in 850 Crore takas for the economy annually.
Admittedly, Bangladeshi citizens have lesser opportunities in the employment industry. Moreover, low wages are given to the employees. However, this makes freelancing a better alternative to jobs.
According to the stats, the average wage of a worker is $60 per month, which is relatively low. In this case, freelancing opens wider doors for the citizens to part play in the country’s economy.
Conclusively, the lower quality living conditions and highly talented Bangladeshi people make their rankings solidified. Around 200,000 freelancers are actively working in the country. Moreover, they are expecting gradual growth in the future as well.
Russia is a country well-known for its artists and creators. This makes Russia a country for intelligent and clever individuals. According to a recent report on freelancing, Russia has a market value of $44 Billion. There are 18 million active freelancers in the country.
Moreover, an average freelancer earns around $597 monthly, which is higher than the local salary. The Upwork report claims that Russia is ranked among the world’s top 5 I.T. sector service providers.
All of these facts make up a contribution to the Russian economy to a great extent. It is also expecting significant freelance industry growth in the upcoming years.
Serbia is the largest exporter of delicious raspberries. Apart from being a wealthy producer and exporter, it has made a mark in the top freelance countries in the world. It has an estimated 1.3 Billion net worth.
Additionally, the highest-paid skills in the world belong to the region of Serbia. There are headquarters for renowned companies like Adobe and Microsoft. The pace of freelance market growth shows that Serbia will join the top 5 list very soon.
To sum up, this list proves that freelancing has taken over every corner of the world in no time. The top freelance countries are in very tough competition with each other. Pakistan Becomes the 4th Fastest Growing Freelance Market Across the World
Moreover, if a country wants to secure a better economic future, the Global Freelance Market Size demands support and encouragement in the industry. As people shift from traditional working environments towards flexible, high, paid earnings, freelancing has become stuck in the mud.
In short, the widespread influence of freelancing in the world has brought Asia, and U.S./Europe face to face. As a result, freelancing is rapidly growing in the Asian regions. This is making Asia among the favorites of companies to pick freelancers for specific tasks.
Do you want to secure a better future for yourself? Start working hard to contribute to the country’s economy and earn loads of money today!