Forecast: Wages and Salaries in Restaurants and Mobile Food Service Activities Sector in Brazil

The wages and salaries in the Brazilian restaurant and mobile food service sector have been forecasted to display steady growth from 2024 to 2028. In 2023, the sector's value stood at 31.5 billion Brazilian Reals. The forecast reveals year-on-year increases, with percentages rising approximately 3.3% from 2024 to 2025 and 3.1% from 2025 to 2026. From 2026 onwards, the increase moderates slightly to 3% until 2028. Over the five-year forecast period, the Compound Annual Growth Rate is projected to be around 3.1%.

Future trends to watch for include:

• Impact of inflation and economic policies on wage growth.
• Technological integration in service processes affecting labor demand.
• Changes in consumer behavior and demand impacting employment and wages.