Between 2013 and 2023, the wages and salaries of food and beverage services in Finland grew from €1.07 billion to €1.54 billion. Throughout this period, the CAGR has been generally positive, with notable volatility. The year 2020 saw a significant drop of -17.96% due to the COVID-19 pandemic. However, recovery was strong in subsequent years with 2021 and 2022 recording increases of 14.34% and 9.05%, respectively. As of 2023, the value stood at €1.54 billion, reflecting a modest increase of 6.69% from the previous year.
Future trends to watch for include the forecasted steady growth with a 5-year CAGR of 2.04% and overall growth rate of 10.61% by 2028, indicating further stability in the post-pandemic recovery and potential effects of inflation and labor market conditions on wage adjustments.
