Pakistan is the Fourth Fastest-Growing Freelance Market - Report - Android

Leaving its arch-rival India behind, Pakistan has emerged as the fourth fastest-growing country in the freelance market. This was revealed… Read More

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Leaving its arch-rival India behind, Pakistan has emerged as the fourth fastest-growing country in the freelance market.

This was revealed in Payoneer’s Global Gig Economy Index for Q2 2019.

According to the report, the online gig-economy in the country witnessed a 47 percent growth in revenue for Q2 2019, ranked behind the USA, UK, and Brazil.

Pakistan has beaten other Asian countries like India, Bangladesh, Philippines, and Russia to stand on the 4^th position – with only a small 1% difference in revenue growth compared to Brazil.

The US remained the fastest growing market with a 78 percent growth rate, while the UK rallied behind with 59 %.

Here is a list of the top-10 fastest-growing freelancer markets in terms of revenue:

1. US (78% growth)
2. UK (59% growth)
3. Brazil (48%)
4. Pakistan (47% growth)
5. Ukraine (36% growth)
6. Philippines (35% growth)
7. India (29% growth)
8. Bangladesh (27% growth)
9. Russia (20% growth)
10. Serbia (19% growth)

The noteworthy improvement in the growth rate is the result of governments’ efforts in this field. The E-Rozgar freelancing program, Digiskills, and various other initiatives have played a significant role in nurturing a younger and tech-savvy workforce to meet the market’s demand.

The report reveals that Pakistan has witnessed a 42 percent increase in freelancers since the second quarter of 2018. Most of the freelancers fall within the 25-34 year age group.

The 42% increase in Pakistani freelancers since Q2 2018 was fuelled by several factors, most notably a very young population, 70% of which are under the age of 30.

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