In 2024, wages and salaries in Brazil's event catering and other food service activities sector are forecasted at 7.21 billion Brazilian Reals, noted up from an actual value in 2023. Year-on-year growth is anticipated as follows: 2025 sees an increase to 7.4 billion (a 2.64% increase), 2026 grows to 7.58 billion (a 2.43% increase), 2027 rises to 7.77 billion (a 2.51% increase), and 2028 reaches 7.94 billion (a 2.19% increase). The five-year compound annual growth rate (CAGR) since 2023 is projected at approximately 2.44%.
Future trends to watch:
- Impact of macroeconomic factors such as inflation and economic growth on wage adjustments.
- Technological advancements in food service operations improving efficiency.
- Potential changes in labor market policies affecting wage structures.