Freelancing
has become a significant contributor to the economy of Bangladesh in recent
years. The country has a large population of young and educated individuals,
many of whom are turning to freelancing as a means of earning a living.
In this article, we will take a closer look at the role of freelancing in Bangladesh's economy and examine the numbers that demonstrate its impact. A report furnished by the Bangladesh Association of Software and Information Services (BASIS), the number of freelancers in the country increased from around 6,000 in 2009 to over 600,000 in 2020. This represents a growth rate of over 10,000%. The growth of freelancing in Bangladesh can be attributed to several factors. Firstly, the country has a large population of young and educated individuals, many of whom are looking for flexible work opportunities. Secondly, the growth of the internet and digital technology has made it easier for individuals in Bangladesh to access freelance work opportunities from around the world. Finally, the low cost of living in Bangladesh means that many freelancers can offer their services at a lower cost than their counterparts in other countries. The Impact of Freelancing on Bangladesh's Economy The growth of freelancing in Bangladesh has had a significant impact on the country's economy. According to a report by the International Labour Organization (ILO), the contribution of the freelance sector to the country's GDP increased from 0.5% in 2010 to 2.3% in 2019. This represents a growth rate of over 350%. The freelance sector has also had a positive impact on employment in Bangladesh. The same report by the ILO estimates that the sector has created over 1.5 million jobs in the country. This is significant in a country where formal employment opportunities are limited. The freelance sector has also helped to reduce poverty in Bangladesh. According to the same report by the ILO, around 80% of freelancers in the country are from low-income households. Freelancing has provided these individuals with a means of earning a living and improving their economic circumstances.
In conclusion, freelancing has become an important contributor to the economy of Bangladesh. The sector has grown significantly over the past decade, creating jobs and reducing poverty in the country. With a large and growing population of young and educated individuals, and the support of the government, the next scenario of freelancing in the country looks shine. As the sector continues to grow, it will play an increasingly important role in the country's economy.