There are currently 57 million freelancers in the US alone, and the global freelancing economy is steadily increasing all the time. The internet has largely made that possible. More than ever before, people working in all kinds of sectors now have the opportunity to turn to a freelance career. Find out more by checking out the following freelancing statistics.
The Top Countries with the Fastest-growing Earnings for Freelancers
According to a 2019 study of the fastest-growing freelance markets in the world by Payoneer, North America’s freelance economy saw the highest growth, with earnings up 78% year-on-year. The second-largest economy was the UK with 59%, followed by Brazil with 48%. However, Asia recorded the greatest regional growth rate, with earnings up by 138% across four countries. Leading the Asian region was Pakistan, with an increase of 47%, followed by the Philippines, India, and Bangladesh.
The Best Tax Laws for Freelancers by Country
Different countries have different tax laws for freelancers. And seeing as most freelance work can be conducted remotely, many freelancers are choosing to live and work abroad to make the most of the tax perks and cost of living. The best countries for paying low tax for freelancers are: