Freelancing has opened up many ways for those who want to work from home and have flexible work hours of their choice. The amount of work they do wholly depends on their will to take a project. Freelancing boosts the economy and reduces unemployment. Freelancers unlike employees work part-time and earn money. They work not under any boss, but they control their job themselves.
Freelancers can work anywhere at any time, and the hiring bodies only have to find the people with the matching skill sets and expertise. It is wise to look for freelancers in the countries which are famous for particular freelancing skills. For example, India is the world’s biggest software solution exporters and freelancers. Likewise, the USA is known for its translation and content writing skills.
We have gathered data on the top ten countries with the most freelancers. This ranking is based on top ranking categories of work in freelancing world. This ranking is also based on a report published by the OII. These categories are:
- Software solutions
- Creative writing and multimedia
- Data entry and virtual clerical jobs
- Professional advisory/services
The Oxford Internet Institute (OII) has published a report on which freelancers live where.
India is a country whose freelancing makes $400 billion of its gross domestic product (GDP). It is the biggest amount a software industry is making. No wonder all multinational companies in USA, Canada, and other countries are run by Indians. Even CEO Google is an Indian that is a clear indicator of how expert they are technologically. Indian produces the best software engineers. Twenty-four percent of all freelancers are Indians. They are quite excellent in providing software solutions.
The competition among freelancers is India is so high it is sometimes hard to get an online job. Freelancing in India has greatly benefiting women and the retired professional who need a source of income. The Indian youth is flourishing on freelancing economy. The freelancing is considered a part-time job, but people are earning such handsome money they are taking it as their full-time job. The software industry especially is the backbone of Indian Freelancers. Fifty-five percent of Indian freelancers are software developers and software solutions providers.
This newly developing country constitutes of the 16 percent of the total freelancers’ force. Bangladeshi freelancers are sometimes accused of doing the work for low prices, and that is why they get a lot of projects. This is a separate debate, but Bangladesh is producing good freelancing work in marketing, multimedia, software development, and technology. Freelancing in Bangladesh has opened up new economic paths for average Bangladeshis earning $16 per month.
Freelancing has made the youth productive and economically independent. Bangladesh is also producing the best online labor for content writing, multimedia projects, data entry, and clerical jobs. A housewife named Parvin learned to code online and got her first job after getting registered on ODesk. She has done more than 100 projects and has been awarded the title of best woman freelancer of Bangladesh. People of Bangladesh are earning way more than any conventional job that is why their huge population is selling their talent online and cashing it.
The unique aspect of American freelancers is that many choose to moonlight outside of their 9-to-5 jobs. Not all rely on freelancing as their primary source of income. In the US, the freelance market is split relatively evenly among software development and technology, creative and multimedia, and writing and translation. A report says that the majority of the US workforce will be freelancers by 2027. The freelancers in the US dropped in 2018 by a small number, but it is predicted that a vast amount will shift the global freelancing community very soon.
Pakistani freelancers made a $1 billion this year and shocking the youth themselves. A lot of focus in Pakistan is given to computer science in outstanding universities, and the competition is quite high. Many software engineers and computer science students take freelancing as their full-time jobs if not part-time jobs. Pakistan produces workforce software technology, creative and multimedia, marketing and sales support and content writing.
The Philippines is just behind Pakistan in this list at around 6% of the world’s freelancers. Not exclusively is an oversaturated work advertise driving more individuals to be independent, yet additionally, real traffic issues in urban communities where finding a good job and decent salaries are quite hectic and disappointing. Outsourcing, then again, enables Filipinos to telecommute with no drive. Quezon City, Manila City, and Cebu City have the most astounding convergence of specialists and—nothing unexpected here—a portion of the most exceedingly awful traffic. Manila has really been positioned as having the most noticeably awful traffic on the planet.
Positioned as a standout amongst the best English-talking nations in Asia, numerous Filipino consultants spend significant time in substance composing, client administration, and specialized help. With strong English aptitudes, the Filipino market is engaging organizations needing English-talking specialists the world over.
Another western country on the list is the United Kingdom. United Kingdom’s professional assistance online is exemplary. Accounting, legal advice, and services, business consultation, is what UK’s freelancers excel at. 22% of the professional services are given by freelancers based in the United Kingdom. The UK also competes at producing multimedia and creative content.
Eighty-seven percent of university graduates opt for freelancing in the UK. According to a survey, 22 percent of students say that freelancing is a part of their career in the coming five years. The students in the UK are so much confident about freelancing that the government is afraid of a possible disturbance in the conventional job system. That is why that have put some taxes on freelancers. It is hoped that the government will make freelancers friendly tax policies in the future to boost the freelancing again.
Ukraine is contributing in software development and technology, creative and multimedia and data entry jobs. The reason Ukrainians are shifting to freelancing is the flexible working hours, ability to earn more, ability to work on multiple projects and not being tied up to an office. A recent survey by employment portal Head Hunter Ukraine revealed that 68% of the applicants would opt for a freelancing job and that 16% would take freelancing as their fulltime job. Still half pollution of Ukraine thinks that it is a part-time kind of situation to earn some extra bucks. The majority of Ukrainians still prefer a conventional job because of the social aspects of the job, interaction, active learning, and other factors.
Canadian freelancers also have top skills in development, writing and translation and creative and multimedia. Canadians also prefer taking freelancing projects as their part-time jobs because of the unpredictability of the nature of this business. The income tax in Canada is quite high, and you have to show your income from freelancing on your income tax sheets. All worldwide income has to be shown. The freelancing business income has to be put on a form called Form T2125 which is a portion of their T1tax return. This helps Canadians claim their business expenses in the income tax.
Freelancing was among a top preference of youth until the last three years. The taxes on freelancers was imposed which was under the debate of being equal to income tax on regular jobs. The tax charges on freelancers in Romania differ a lot than any other country. All freelancers are lawfully subjected to a 16% income tax and contributions to social and health institutions. Freelancers in Romania contribute to their pensions. 26.3% of their income has to be paid to get a full pension while paying up to 10.5% can also make your pension with a reduced amount. Romanian freelancers can pay their income tax in other forms too. They can spend 5.5% of their income to the health budget. They can also contribute to medical allowance, unemployment fund or risk and labor accidents’ fund.
According to a survey, 73% more Egyptians are shifting to freelance jobs. In the banking sector, the most wanted freelancers are editors and translators. The expenses in Egypt are continuously increasing with salaries barely growing. In such a situation, Egyptian youth and workers have various range of skills are opting for freelancing because only this business can make some savings. Another business requires investments, and there is always a risk. There is 0 investment and 0 risk in freelancing which is why Egyptians are heavily influenced by freelancing and making a living out of it.