In the four years following the financial crisis, the accountancy profession worldwide grew its professional membership much faster than total employment growth in virtually all global regions and economies.
This is most evident in the advanced economies where the profession expanded at a rate of 20% compared to the overall average of 2.6%.
The statistics are contained in a report, Nexus 1: The Accountancy Profession, Behind the Numbers, from the International Federation of Accountants (IFAC) and cebr. They are drawn from data from IFAC’s more than 175 members and associates in 130 countries and jurisdictions, and cover the period 2009-2013.
“In challenging environments, expert and trusted professional accountants help make sense of rapidly changing regulation and provide strategic advice that strengthens organizations and advances economies.” It’s not just in the advanced economies that the number of professional accountants grew so dramatically. The BRIC (Brazil, Russia, India, China) countries saw numbers rise by 15% against a background of total employment growth of 2.9%, while the MINT (Mexico, Indonesia, Nigeria, Turkey) countries experienced growth of 18% (v 10%). In emerging markets, the growth was 11%, compared to 5% generally.