Welcome to our definitive list of the top 10 countries for freelancers to do business in! These countries offer a favorable environment for freelancers, with a combination of high demand, supportive policies, and easy ways to get paid. No matter where you’re based, it makes sense to think about globalizing your client base to take advantage of more opportunities for your business, whether you’re a copywriter, developer, designer, coach — the list is endless.
Read on to discover which markets offer you as a freelancer the highest average earnings, which markets are growing fastest, plus wider market trends and predictions.
Learn more about getting paid easily, wherever you are
Our research shows that the U.S. remains the largest freelancer market, with solid growth in emerging markets like India and the Philippines.
Our research shows that the most lucrative place to do business in is North America, with an average hourly rate of $44. How does that stack up with your rate? Next up, it’s Western Europe, with $31/hour. Take this into consideration the next time you’re pricing up a job.
Source: Payoneer Blog
Let’s delve deeper into the top freelancing countries for 2024 and beyond. We’ll briefly examine what’s going on in these countries to drive the freelancing revolution in the 2020s. We begin with the USA.
Freelancer earnings in the U.S. grew 3% year-on-year between 2021 and 2022. The U.S. Independence Workforce Report found that 60M Americans freelanced in 2022, comprising 39% of the U.S. workforce. The freelance economy is growing, with 60 million Americans freelancing and contributing $1.35 trillion to the U.S. economy in 2022.
This growth is fueled by the desire for flexible work arrangements and is attracting young professionals. Knowledge services are the most common freelance work, and diversified workers and highly educated professionals also choose to freelance. Payoneer is committed to empowering freelancers with the resources and support they need to succeed in this evolving job market.
*See the VentureBeat Report on the US Freelancer Workforce for 2022.
Freelancing continues an increasingly popular option in the U.K., with 4.2 million people identifying it as their main source of income in 2022. While this is down from over 5 million in January 2020, it’s still a significant increase from 20 years ago when the number was around 3.3 million in November 2002. U.K. freelancers continue significantly contributing to the economy despite the decrease in numbers.
Source: Statista
In Brazil, the gig economy has grown steadily, with over 25 million self-employed workers (2021/22).
Many Brazilians turned to freelancing in recent years due to company closures, unemployment, and economic uncertainty.
Despite challenges such as language barriers and unfamiliarity with international markets, 83% of Brazilian freelancers plan to offer their services to new countries, with France and Germany being the most popular.
Pakistan’s gig economy has seen significant growth in recent years, with freelancers in the country attracting export remittances of almost $400 million during the 2021-22 fiscal year. This accounts for nearly 15% of the total ICT export remittances of $2.616 billion recorded by Pakistan during the same period.
Experts have suggested that the country should educate its youth about the sector to ensure further growth in the tech-enabled gig market. This could include organizing short courses in colleges and universities and using the media to promote freelancing opportunities.
Vocational training and technical courses could also help guide the country’s youth. Additionally, the government could expedite efforts to bring official payment solutions and help freelancers avoid illegal payment channels.
*Sources: https://propakistani.pk/2022/08/22/pakistani-freelancers-earned-397-million-in-fy-2021-22/ ; https://www.erozgaar.pitb.gov.pk/Pakistan-4th-freelancing-country
In the summer of 2022, the demand for freelance services in Ukraine surged by 30% compared to the previous year’s period. As a result, completed projects also increased by 31%, while the turnover of money for completed projects rose by 29.6%, according to research by the Freelancehunt service.
Experts believe that the market’s growth is due to businesses’ interest in quick and affordable recovery and adapting to new operational realities. Freelancers quickly responded to these needs, with 74% returning to work as early as mid-March and the figure increasing to 96-98% a month later. This analytics service anticipates a further increase in demand for Ukrainian freelancers’ services.
Sources: https://good-time-invest.com/blog/freelance-market-in-ukraine-in-2021/ https://ubn.news/experts-predict-a-boom-in-the-ukraines-freelance-market/ https://www.wired.com/story/gig-work-in-ukraine/
As one of the top freelancing countries in the world, the Philippines has experienced substantial growth in recent years. The country is recognized as the sixth fastest-growing market in Payoneer’s 2019 Global Gig Economy Index.
Source: Payoneer GCash Philippines Freelance Report
The pandemic has accelerated this trend, and the ranks of freelancers increased in 2020-21 as more Filipinos discovered the benefits of job flexibility and earning potential.
GCash and Payoneer surveyed 5,560 GCash users nationwide to provide insights into the Philippines Freelancer Market, revealing what freelancers look like today, where they get their jobs, and key challenges and emerging opportunities. Here are the highlights:
Read the Payoneer GCash 2022 Report for details of the Philippines freelance market.
The COVID-19 pandemic disrupted the global job market, leading to the overnight pivot to remote work and a sudden halt in many businesses. However, the pandemic also led to a paradigm shift in the ‘gig economy .’As businesses changed to accommodate a remote workforce, demand for freelancer workers increased.
Approximately 40% of freelance workers experienced increased rates after the pandemic, and many laid-off workers turned to freelancing to generate higher income. India saw a 46 percent increase in new freelancers from Q1 – Q2 2020, and the freelance community recorded a substantial rise of 42 percent in average hourly payments. The gig economy of India is thriving, and it has the potential to become one of the top freelancing countries in the world. Growth projections in the region of $20B to $30B are forecast by 2025.
India’s young workforce is highly creative and seeks flexible opportunities that do not infringe on their work-life balance. As a result, startups in the country have embraced freelancers and gig workers as alternatives to full-time employees, given their expertise, lower costs, and greater flexibility.
Additionally, the rise of online freelance platforms connects freelancers with companies and vice versa. As businesses and employees reap the benefits of remote work and flexible work arrangements, the freelance community is rising and empowering vulnerable groups to find suitable opportunities while generating new employment opportunities and facilitating economic recovery.
Based on the ‘Digital Economy Report-2019‘ of UNCTAD, Bangladesh is becoming an important player in the global freelancing sector, with approximately 650,000 freelancers earning over $100 million in foreign remittance annually.
In addition, the country’s large youth population presents an opportunity for economic growth through the digitization of its economy.
However, proper training and government support are needed to fully capitalize on the potential of the freelancing sector.
With a low labor cost, Bangladesh has become the second-largest country in online labor supply and is one of the top 10 countries in terms of income from freelancing, ranking eighth with a growth rate of 26%.
To reach the target revenue of $5 billion, the number of freelancers needs to increase fivefold, and both men and women need to contribute to the sector.
Outsourcing has the potential to generate significant foreign remittances, but the government needs to strengthen the sector to support this growth.
The Russian freelance market is expected to grow significantly in the coming years. It was projected to reach 102 billion U.S. dollars by 2025, indicating a continuous upward trend over the next five years. For context, in 2020, the market size was valued at 41 billion U.S. dollars.
Freelancing is on the rise in Russia, with over 18 million people working as freelancers in 2021. The number of freelancers has been increasing steadily in recent years, contributing to a market size of 41 billion U.S. dollars in 2020.
The average monthly wage of freelance workers in Russia was higher for those involved in mobile development as well as programming in 2020. Architecture and engineering followed, with a mean salary of approximately 55.6 thousand Russian rubles. Next, we wrap it up with the last country in the Payoneer freelancing ranking of countries.
In Serbia, gig work is increasingly concentrated in urban areas, with 9 out of 10 new gig workers living or working in one of the 28 cities and towns in 2022.
As of 2022, 80.8 percent of Serbian gig workers commanded hourly rates lower than the global average of US$28, and the most frequent hourly wage for 13.9 percent was US$10. However, between 2021 and 2022, there was an increase in Serbian gig workers of up to 15.9 percent.
As a freelancer looking to get paid you can register at Payoneer and instantly access a global marketplace of opportunities.
No matter where you are based, Payoneer’s payment solutions make getting paid for your freelance work easy. With Payoneer, you can easily receive payments from clients worldwide without the hassle of high fees or complicated currency conversions. So, if you’re looking to start your freelance career or expand your existing business, Payoneer is here to support you every step of the way.