Pakistan ranks fourth, contributing over 8% of the global gig economy, with a rising number of qualified graduates who freelance their expertise. Higher education institutes produce a count of 600 thousand graduates annually from varying fields of business, computer science, and software engineering. Thus, this pool is lured towards freelancing jobs due to their better wage rate. This year, Pakistan has generated a significant amount of $1 billion entirely from freelancing.
The Philippines follows Pakistan in the freelancing rankings, contributing 6% in the global outsourcing market. One of the primary reasons is the highly concentrated job market in the country, which is pushing people towards freelancing. Another interesting reason is the severe traffic problem in urban areas, making a regular job highly challenging for many. Conversely, freelancing is giving them the liberty to work from home without the hassle of traveling. Filipinos are best suited for content writing, customer service, and technical support jobs due to the country’s nomination as one of the best English speaking countries in Asia.
