💻Freelancers see North America as their biggest client pool.

Freelancer statistics obtained in a recent study by Payoneer show that the majority of freelancers (36%) have clients across North America, with Europe taking second place with 27%.

🙂At the other end of the spectrum were Africa (4%), the Middle East (5%), and Australia (7%) as the regions with the fewest clients.

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💘50% of freelancers in the US are Gen Zers.

📌With 50%, according to Generation Z statistics, this age group dominates the American freelance market. Freelancer statistics further indicate that 44% are people aged 23-38, i.e. Millennials, while 30% are Gen Xers.

⚡️What is interesting though is that although freelancing is a relatively new trend, Baby Boomers (55+) are also playing the game with 20% working on the free market.

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🚀67% of freelancers typically complete up to 3 projects per year.

💻While working on an average of 3 projects seems to be the strategy of choice for 67% of freelancers worldwide, freelancing statistics for the remainder of the spectrum are equally interesting. Delving into 10 or more projects per year is a feat only 8% of freelancers attempt.

🎥The percentage of freelancers that separate their time between 5 and 9 projects comes in at 12%, and approximately 21% of freelancers only opt to work on one project a year.

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🔵Global Freelancing Market Stats

➡️Almost half of workers worldwide are freelancers (World Bank)

World Bank data shows that 46.7% of all workers worldwide are self-employed.

➡️The total number of freelancers globally is estimated to be 1.57 billion people out of a total global workforce of 3.38 billion.

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🔵Worldwide, freelancers earn an average of $21 per hour

➡️The hourly rate for freelancers averages $21 per hour

🔥On average, freelancers working in web/mobile development, marketing, legal, accounting, and other skilled services earn $28 per hour. This rate is higher than 70% of all hourly wages in the US.

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🔵Freelance Platforms Software Statistics

51% – web, mobile, and software development 46% – marketing.

➡️Freelancing statistics show 65% of freelancers use software or other tech project management and daily operators while around half use these resources for accounting, taxes, and personal assistance or scheduling.

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⭐️Staffing Firms vs. Freelancers

So what is the culmination of all this partnership among freelancers and digital transformation over the years?

💫It all paid off handsomely, to the point that hiring managers now prefer independent talent rather than those provided by staffing firms for the following reasons:

📌62% – to complete projects faster
📌55% – to reduce costs
📌49% – access to highly skilled quality talent
📌49% – to increase transparency in the process

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⚡️Am I A Freelancer, Sole Trader Or Self Employed?

🎥A common problem for those who take the leap from employment into being their own boss is wondering how to describe themselves. Am I suddenly a CEO of something? The MD? A freelancer? Something else?

🎥They all exist in the same professional realm, so the terms do overlap but there are nuances between them which are important to note for legal and financial reasons.

❗️What does it mean to be self-employed?

💫As the name implies, being self-employed is where you work for yourself rather than as an employee of someone else. Self-employment means you own your own business and are responsible for your own income.

💫Self-employed business owners may also employ staff and be responsible for paying their wages (and relevant employee contributions like National Insurance and pension) too.

💻Read more

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🍸Growth Of Freelancing

More workers are ditching their 9-5 and job status of working for others in favor of taking up the freelance lifestyle. Though already a very big industry, the following freelance statistics reveal that it will continue to grow in the coming years.

📆 As the number of freelance platforms grows, the number of jobs and workers available to fill those jobs also grows. Similarly, the more freelancers there are, the more platforms are being created to serve them.

➡️ There are 4 million more freelance workers currently than 6 years ago, in 2014.

➡️ Experts estimate that by 2027, the majority of the workforce in the United States will be freelancers.

➡️ In the United Kingdom, the amount of workers freelancing has grown by 14% in the past decade.

➡️ Over half of the freelance working pool says that they wouldn’t return to a traditional job structure.

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