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 4th 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:
- US (78% growth)
- UK (59% growth)
- Brazil (48%)
- Pakistan (47% growth)
- Ukraine (36% growth)
- Philippines (35% growth)
- India (29% growth)
- Bangladesh (27% growth)
- Russia (20% growth)
- Serbia (19% growth)
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Open in new tab 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.
Happy to See Pakistan is On Fourth Position While India Are On 7 Position
happy to see your decent comment.
If you are comparing with any country then why not with No. 1? Why India? We should not see India as a reference to compare our success or failures. We should compare with developed 1st world countries.
that is only growing rate
total 70% of freelancing hold by indian
Is it because the rate of unemployment has hit the roofs? Jobs are important and I guess fellow Pakistanis are smart enough to make themselves employable by finding avenues rather than depending on government.
Because most of Indians freelancers use Paypal so that’s why.
And yet we, as freelancers, are treated so poorly in this country. Freelancing isn’t considered a genuine profession so we can’t open bank accounts because banks treat us like terrorists. The government doesn’t facilitate us by letting us use international services like PayPal or introducing an alternative so we can conduct transactions more easily.
do you pay taxes?
Abe Oye L k bukhar, income from export of computer software or IT services or its related services are exempt.
This should be more than 80%.
This is only growing rate comparison. I want total freelancers /country population rate comparison.
are all these freelancer paying any tax? Government should look into that.
another chotiya spotted.
the govt has already looked and has given exemption/tax holiday till 2020.
and there is zerooooooo percent contribution of govt in it