Gig Economy Statistics 2025: Demographics and Trends
Spend time in any state of the United States and there’s little chance you won’t spot the gig economy in action. Today, half of the U.S. adults approx. 62% are now earning money from various gig economy platforms at least once a week. 2025 is the year of modern technology and the involvement of AI in the working culture.
The “gig economy” dramatically shifted and emerged as a primary player, not only in the U.S. but also in the global labour market. To learn more about the booming gig economy, check out the following current gig economy statistics for 2025.
Top 10 Global Gig Economy Statistics 2025:
- The gig economy workforce is expected to hit around 540 million worldwide by 2025.
- By 2025, freelancers and independent contractors are forecasted to make up 35% of the worldwide workforce.
- It is predicted that the gig economy will generate over $3 trillion of global GDP by 2025.
- It is expected that on-demand service platforms will collectively create revenues of over $500 billion per year by 2025.
- By 2025, over half of gig economy workers are expected to be operating in tech, creative and professional services.
- Global gig economy participation is expected to grow at an annual rate of 20 percent through 2025 in the Asia-Pacific region, which is expected to have the fastest growth of gig economy participation in the world.
- Women accounting for 44% of the gig workforce in 2019, a figure that is projected to continue increasing and reach 48% by 2025.
- Demand for services rendered by skilled freelancers has driven up gig workers’ average earnings globally by 15% by 2025.
- By 2025, 59% of traditional businesses are expected to add some type of gig worker into their talent strategies.
- By 2025, gig work digital platforms will engage more than 2 billion users globally.
Top 10 Global Gig Economy Demographics 2025:
- 50% of the global gig economy workforce by 2025 belongs to Millennials.
- 30% of Generation Z is projected to join the gig economy by 2025.
- Thirty-five years is the average age of gig workers by 2025.
- 45% of women will be part of the gig economy workforce by 2025.
- Gig workers aged 55 and older are expected to increase by 20% in 2025.
- 70% of urban residents are expected to be a part of the gig economy by 2025.
- By 2025, gig economy workers are anticipated to be more ethnically diverse, with people of color making up 55% of the workforce.
- Educational background is also expected to change by 2025, with 60% of gig workers holding their college degree.
- Part-time gig workers are also interested in joining the gig economy, which is projected to be 40% of the workforce by 2025.
- By 2025, local and international workers become part of the global gig economy, with around 35% of cross-border gigs.
Top 10 Global Gig Economy Size 2025:
- By 2025, the global gig economy will cross over 900 million
- The global gig economy will represent 40% of the workforce in 2025.
- It is expected that the value of the global gig economy will exceed $450 billion annually by 2025.
- By 2025, the global gig economy platforms are assumed to surpass 1,800.
- Europe and North America are expected to capture approx. 50% of the overall global gig economy’s market size by 2025.
- The gig economy is an emerging market expected to grow globally by 30% by 2025.
- Asia-Pacific is named to contribute the largest gig workers, with over 400 million participants by 2025.
- The global gig economy growth rate is projected to be around 17% annually across all regions by 2025.
- Modern technology-related gigs are expected to become nearly 60% of the total gig economy market size by 2025.
- The global gig economy sees an increment of 35% from 2023 to 2025, driven by digital transformation and remote work trends.
Top 10 Global Gig Economy Trends 2025:
- The emerging gig economy is being driven forward by remote work, helping us all access a more significant labour force.
- In some cases, specialized gig platforms are emerging and matching very niche skills with specific requirements in the job market.
- This is driving platforms to adopt more sustainable gig practices as worker rights and benefits become more of a focus.
- AI and automation are making gig work processes more efficient and cost-effective.
- Another trend you might see for meeting the payment needs of gig workers is integrated payment solutions powered by blockchain.
- Cross-border gig work is booming, allowing companies to access talent worldwide to work on different projects.
- The demand for gig work is growing faster in tech and creative industries than in traditional employment.
- As gig platforms are becoming an integral part of the gig market, they are implementing the rating and reviews system more frequently to create a reliable and trustworthy gig market.
- Environmental and Social Governance (ESG) criteria are driving gig platforms to adopt more eco-friendly practices.
- Gig workers must upskill and continue learning since the market constantly changes, and users prefer more qualified workers.
Why is it called the gig economy?
The term “gig economy” is called because of its working nature with the system. The gig economy participants are called “gig workers,” typically engaging in short-term and temporary positions called s “gigs.” Now, the gig economy has also been named “the sharing economy,” “collaborative economy,” or “platform-based economy” because of its use of apps like Uber, Lyft, DoorDash, etc.
What are the pros and cons of the gig economy?
Pros of the gig economy
- Under the gig economy, you can set your hours and work at your convenience.
- Usually, jobs (gigs) are short-term and don’t need a long-term commitment.
- Many gig workers can work remotely from anywhere and anytime, providing work-life balance.
Cons of the gig economy
- Typically, the significant problems with the gig economy are instability and irregular income and business, which could cause financial stress.
- Like traditional employees, gig workers cannot access benefits like insurance or paid time off.
- Taxes can be a headache for gig workers.
Is the Gig Economy Beneficial for You?
The gig economy might be the best option for those individuals who want short-term work with timing flexibility rather than a long-term commitment. As an employer prospect, the gig economy allows them to hire gig workers with innovative talent from anywhere in the world. However, the gig economy is known for irregular income and jobs, which quickly become a headache for gig workers. The lack of general employment benefits and taxes is also a problem.
It is true that the numbers of gig workers and other self-employed dramatically increased, but due to their income stream, they’re not able to get bank loans. If you’re working for the gig economy and facing difficulties getting a loan, get gig worker loans from GigsCheck. We offer cash advances up to $2,500 and installment loans up to $5,000, even with bad credit for our hardworking gig workers.
