Industry revenue of restaurants and mobile food service activities in Portugal 2011-2023

Economic constraints led by the Eurozone crisis had a detrimental impact on Portuguese restaurant and mobile foodservice sales in the early part of this decade. However, with the growth in GDP and a decline in unemployment rates, consumer spending levels have been on an upward trajectory for the last few years. As such, the industry’s revenues reached around 6.8 billion U.S. dollars in 2018, a 70% growth on 2013 levels. The future of the industry also looks quite favorable with revenues projected to reach 8.4 billion U.S. dollars by 2023. However, the market is relatively small as compared to its neighbor Spain which generated 27 billion U.S. dollars in 2018.

Over the past few years, Portugal’s household consumption expenditure on restaurants and hotels, increased manifold. In 2017, the value stood at around 16.4 billion euros, up 34% compared to nearly a decade ago, in 2008.

Industry revenue of restaurants and mobile food service activities in Portugal from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “restaurants and mobile food service activities“ has the code “I561“.

Details on the methodology can be found here.

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