New Gig Global Economy Revenue Estimate at $5.4 Trillion: SIA

Staffing Industry Analysts released a new estimate of the value of the global gig economy in the wake of last month’s Collaboration in the Gig Economy conference: The global gig economy posted an estimated $5.4 trillion in revenue in US dollars during 2021.

The lion’s share of revenue was generated by independent contractors, who earned an estimated $3.0 trillion in 2021. It represented 56% of the total amount.

Temporary workers sourced directly (without the use of a staffing firm) posted the next-largest percentage of revenue at nearly $1.05 trillion in 2021, or 20% of the total.

Temporary workers assigned through staffing firms totaled $528.0 billion, for 10% of the global estimate.

Rounding out the list were temporary workers using talent and work services platforms with $449.0 billion, or 8% of the total, and statement-of-work consultants with revenue of $352.0 billion, or 7% of the total.

Corporate members of Staffing Industry Analysts can access the full report as well as a separate report with a new estimate of gig economy revenue in the US.

Original Article: (https://www2.staffingindustry.com/Editorial/Daily-News/New-global-gig-economy-revenue-estimate-at-5.4-trillion-SIA-63182)