The people have spoken and the freelancer economy is in full swing of things. But just how much moving-and-shaking are the freelancers and self-employed making in the UK to the economy?
We’ve gone through reports and research to find the most impactful and thought-provoking figures, with some bonus charts to add some graphics to the mix.
Let’s take a look at some UK freelancer facts & figures
Demographics
- According to CyberCrew, approximately 1.9 million freelancers were in the UK in 2021.
- The Office for National Statistics (ONS) reported that there were 4.8 million self-employed people in the UK as of May 2017, making up 15% of the workforce (ONS).
- According to IPSE, there are 2 million freelancers in the UK, with 1.77 million working full-time as freelancers and 234,000 part-time (IPSE).
- In 2021, 54% of UK freelancers were men, while 46% were women.
- The average age of freelancers in the UK was 48 in 2020.
- Between 2019 and 2022, freelancers aged 16-29 increased by 3%, while those aged 30-39 decreased by 11%.
- London had the highest number of self-employed workers in 2022, with 757,000, followed by the South East with 644,000 (Statista).
- In 2024, 15.72% of men and 11.56% of women in the UK were freelancing, either full-time or as secondary employment (Archimedia Accounts).
- Greater London had the highest percentage of freelancers in 2024, with significant numbers also in the North East and North West regions.
Economic Impact
- Freelancers contributed £139 billion to the UK economy in 2022, a slight decrease from £147 billion in 2021.
- According to IPSE, freelancers add £21 billion in value to the UK economy.
- The global freelance platform market was valued at $2.35 billion in 2018 and is projected to reach $9.19 billion by 2027.
- In 2023, the gig economy included around 464,436 UK workers, with growth expected by 2024.
Read also: UK Economy Gig
Earnings & Financials
- In 2023, the average day rate for freelancers in the UK was £379 (Freelance Informer).
- Changes to IR35 legislation led to 36% of contractors working inside IR35 in 2022, with 80% experiencing a 30% income reduction (IPSE).
Lifestyle & Work Habits
- According to IPSE, 87% of self-employed individuals report they would never return to traditional employment.
- In 2017, 35% of self-employed freelancers took two or more holidays outside the UK, compared to 29% of employees.
- Nearly 9% of UK employees commute for over three hours daily, while 44% of freelancers and self-employed individuals report no commute or work from home.
- Freelancers report getting over one-third more exercise weekly than traditional employees.
- In 2020, 69% of freelancers reported a decrease in demand for their work due to COVID-19.
- As of August 2024, there were around 4.23 million self-employed workers in the UK. Up from 3.2 million in December 2000.
- In 2023, a third of freelancers took more holidays compared to full-time employees, demonstrating a higher work-life balance flexibility.
PeoplePerHour founder Xenios Thrasyvoulou said:
We predict by 2020, 50% of the workforce will be self-employed and contributing more than £51 billion to the UK economy.
Here are some additional charts that provide a graphical look into UK freelancing and the economy.
The information above has been provided by a number of resources, which shines a light on the world of freelancing and how it’s growing. No longer can freelancers be considered multi-level marketers or a make-believe career path. Freelancing is a tried and tested method of work and the numbers say it all – people are happier, feel less stressed, are more productive and provide more to companies.