In the forecast for labour costs in Food and Beverage Service Activities in Belgium, we observe steady growth from 2024 to 2028, with values increasing annually from 4.46 billion Euros to 4.84 billion Euros. The starting point in 2023 was 4.35 billion Euros. This upward trend represents an approximate year-on-year increase of around 2.24% for each year between 2024 and 2025, 2025 and 2026, and continues consistently.

The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is around 2.16%, indicating a stable average annual growth in labour costs.

Key Trends to Watch:

Inflationary pressures on wages driven by a tight labour market.
Potential impact of technological advancements and automation reducing labour demand.
Regulatory changes affecting labour laws and minimum wages.
Shifts in consumer behavior influencing service demand in the sector.