Pakistan Ranked Among Top 5 Freelancer Markets Thanks to Massive Growth in 2019
Pakistan has huge potential when it comes to freelance services considering that 70% of the total population is under the age of 30.
In the recently published by Payoneer rankings for freelance markets, Pakistan has been ranked at 4th, well above India and Bangladesh. The list is topped by the United States with a 78% year over year revenue growth.
In its report, Payoneer wrote that the country's freelancers increased from 4% in Q3 2018 to 42% in Q2 2019, attributing the growth to government's efforts and youth's increased participation in the economy.
This growth has been mainly fueled by Pakistani youth, thanks to a period of government investment in enhancing their digital skills, combined with a young population where 70% of people are aged under 30.
Top 10 Countries for Freelancing 2019
These are the top 10 countries for freelancers as per Payoneer's Global Gig-Economy Index for 2019 which ranks the countries based on data of 300,000 freelancers and outsourcing professionals in its network:
Rank
|
Country
|
YoY Revenue Growth
|
1
|
USA
|
78%
|
2
|
UK
|
59%
|
3
|
Brazil
|
48%
|
4
|
Pakistan
|
47%
|
5
|
Ukraine
|
36%
|
6
|
Philippines
|
35%
|
7
|
India
|
29%
|
8
|
Bangladesh
|
27%
|
9
|
Russia
|
20%
|
10
|
Serbia
|
19%
|
According to the report, 77% of the revenues earned by Pakistani freelancers were by people aged under 34. The age-wise breakdown is given as follows:
Mohsin Muzaffer, Payoneer's Head of Business Development Pakistan, said that the country's blanket 4G coverage has given freelancers 'unprecedented access to international markets'.
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