Forecast: Wages and Salaries in Food and Beverage Service Activities in Italy

The wages and salaries in the food and beverage service activities in Italy stood at 19.81 billion Euros in 2023. Since 2013, the sector has shown consistent growth, with a noticeable peak in year-on-year variations around 2016-2017. Over the last two years, the sector has stabilized, showing year-on-year growth rates of 2.3% in 2023 and slightly higher rates previously. The CAGR over the last five years stands at 2.53%, indicating a steady but modest growth trajectory.

Looking forward, forecasted data suggests continued growth with an anticipated 8.2% increase by 2028 and a 5-year CAGR of 1.59%. This indicates a deceleration in growth compared to historical figures.

Future trends to watch for:

  • Impact of technological advancements in food and beverage service operations.
  • Potential labor market changes and their effects on wage growth rates.
  • Economic policies and their influence on disposable income and dining out activities.
  • Consumer behavior shifts towards sustainability and health-conscious choices.

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