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

Slovenia became the first former Yugoslav republic to join the European Union in May 2004 - shortly after joining NATO. The country was regarded as one of the best-performing new EU members, until it was dragged into the financial depression by the Eurozone financial crisis in 2012. However, after 2015, the economy has resumed its growth, which is marked by the significant increase in the annual business confidence indexes for both manufacturing as well as service-based industries. Revenues from the restaurant and mobile food service segment, that accounts for a significant share in the service industry, increased by around 20% during that period, reaching 1.1 billion U.S. dollars in 2018.

Increasing per capita income and a decline in the unemployment rates have resulted in the growth in household expenditure on restaurants and hotels in Slovenia. This trend is expected to drive the industry revenue in the short to medium term. Cumulatively, the industry is estimated to value around 16.5 billion U.S. dollars during 2019-2023.

With the internet penetration rate nearing 90%, digital disruption in consumer food service segment was inevitable. The online food delivery in the country is estimated to grow by more than 75% during 2019-2024. Although the online restaurant-to-consumer segment accounts for a larger share, revenues from third-party platform-to-consumer services are estimated to show higher growth.

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

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Sources

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 Slovenia. The industry “restaurants and mobile food service activities“ has the code “I561“.

Details on the methodology can be found here.

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