The number of persons employed in the food and beverage services sector in Finland has seen steady growth from 2013 to 2023, rising from 57.19 thousand to 72.59 thousand employees. This includes notable spikes in employment in years like 2019, which saw a 7.94% year-on-year increase. However, there were also years of decline, such as 2020, which experienced a 6.17% drop due to unprecedented events likely related to the global pandemic. The average annual compound growth rate (CAGR) over the last five years up to 2023 was 1.84%, indicating moderate but consistent growth.
Looking ahead, forecasts from 2024 to 2028 suggest a continuation of this upward trend, with the number of employees expected to reach 79.9 thousand by 2028. The forecasted CAGR for the next five years is anticipated to be 1.53%, with a total growth rate of 7.86% through 2028, indicating a slightly slower yet stable growth trajectory.
Future trends to watch for include fluctuations in consumer demand for dining out, impact of economic conditions on disposable incomes, and potential changes in labor force availability driven by demographic shifts or policy changes. Technological advancements and their integration in food services could also play a critical role in shaping employment numbers in the sector.
