Forecast: Household Expenditure on Restaurant Dinners in Canada

In 2023, household expenditure on restaurant dinners in Canada amounted to $1.42 thousand CAD. From the forecasted data, a gradual upward trend is observed, with an average year-on-year growth rate of approximately 0.35% from 2024 to 2028. The compound annual growth rate (CAGR) for the entire forecast period stands at roughly 0.35% annually, indicating a steady but modest increase over time.

Future trends to watch for include:

  • Potential impacts of economic fluctuations on discretionary spending.
  • Changes in consumer behavior, possibly influenced by convenience and lifestyle factors.
  • The influence of inflation and wage growth on dining out expenses.

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