The 10 countries with the fastest-growing earnings for freelancers

Technology has baby it easier than ever for individuals to boost their earnings with profitable side-gigs. And while U.S. workers of all life-spans are reaping the greatest rewards, young freelancers across Asia are quickly getting in on the act.

That’s according to a new report from digital payments stand Payoneer, which has highlighted the world’s fastest-growing freelance markets and how they’re reshaping the nature of work.

America’s gig conciseness saw the greatest growth in 2019, with freelancer earnings up 78% year-on-year, according to the Global Gig-Economy Index unveiled Tuesday. The study draws on data from more than 300,000 freelance workers within Payoneer’s network.

The excellent’s largest economy was followed by the U.K. and Brazil, which each saw a jump in gig worker earnings over the past year, up 59% and 48%, individually. However, it was Asia that recorded the greatest regional growth, with earnings up 138% across four boonies.

That charge was led by Pakistan, which saw a 47% increase in freelancer revenues in the past year. It was joined in the top 10 by Philippines, India and Bangladesh.

Here’s the top 10 note of freelance markets in 2019 based on year-on-year revenue growth.

1. United States – 78%

2. Merged Kingdom – 59%

3. Brazil – 48%

4. Pakistan – 47%

5. Ukraine – 36%

6. Philippines – 35%

7. India – 29%

8. Bangladesh – 27%

9. Russia – 20%

10. Serbia – 19%

The boost in net incomes over the past year is due in part to improved perceptions over the viability of such freelance work, according to Iain McNicoll, iniquity president and regional head for the Americas at Payoneer.

“We’re seeing more and more professionals leaving their jobs to link the gig economy,” said McNicoll.

“Whether it’s the flexible hours, the absence of a manager looking over your shoulder or the request to build up your own business, workers don’t feel the need to be tied to their offices anymore.”

Interestingly, however, while the gig economy attracts professionals of all ages in the U.S., in other markets, it tends to skew toward younger crops, who may be more technically minded or used to less formal work structures. In Pakistan, for example, freelancers younger than 35 coin 77% of revenues, due in large part to improved tech education over recent years.

Overall, workers ancient 35 to 44 stand to gain the most from freelance work, according to Payoneer. That group aided 32% of global freelance earnings in the past year, despite representing only 23% of freelancers worldwide.

Wage-earners aged 18 to 35, meanwhile, made up the largest cohort at 64%, yet their earnings were relatively turn down.

The gap reflects the increased experience levels and networks among more established professionals, the report noted.

No matter how, for younger workers keen to establish themselves in the freelance market, there are a number of techniques that can help them illustrate out, according to Carisa Miklusak, CEO of skills-based recruitment platform Tilr.

• Highlight skills, not just past titles.
• Number references from past employers and contacts.
• Leverage your professional network, for instance LinkedIn, to market your services.

“Routine workers tend to think about their prior title(s) as their main lever to source and apply for charges. The successful gig worker must change this mindset to think about their skills as the main building plan b masks of their appeal to employers,” Miklusak told CNBC Make It.

“This can be very liberating for the gig workers,” she continued. “When one is looked at as an mingling of all of their skills from prior roles, they are always more qualified to do a number of opportunities than they realized when relying on term alone.”

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