Between 2013 and 2023, wages and salaries in the food and beverage service activities in Finland increased steadily each year, starting from 1.39 billion euros in 2013 to stand at 1.99 billion euros in 2023. The year-on-year variation fluctuated, with notable increases of 8.63% in 2018 and more moderate growth rates of around 2.43% in recent years. The five-year CAGR indicates a steady rise, albeit at a decreasing rate, from 4.98% in 2018 to 2.27% in 2023.
The forecast for the period from 2024 to 2028 suggests continued growth in wages and salaries, with the CAGR expected to slow to 1.68%, translating to an overall forecasted growth rate of 8.67% by 2028. Future trends to watch for include potential impacts of economic policies, labor market conditions, and inflation rates, all of which could influence wage trends in the sector.
