The employment in the Restaurants and Mobile Food Service Activities sector in Spain saw fluctuations over the past decade. From a value of 290.18 thousand Full-Time Equivalents (FTE) in 2013, it reached 455.02 thousand FTE in 2023. Key trends include a decline from 2013 to 2014, steady growth from 2015 to 2019, a dip in 2020 due to the pandemic, and a subsequent recovery leading up to 2023. The year-on-year (YoY) variation for 2022 and 2023 stood at 10.53% and 8.48% respectively, highlighting a strong recovery and growth. The Compound Annual Growth Rate (CAGR) over the past five years was 4.97%, indicating steady growth.
Looking forward, employment in this sector is forecasted to continue its upward trajectory, reaching 571.4 thousand FTE by 2028. The forecasted 5-year CAGR is 3.6%, with a forecasted growth rate of 19.35% over these years. Future trends to watch include potential impacts of economic conditions on consumer spending, technological advancements in food service, and regulatory changes in labor markets which could influence employment trends in the sector.
