Industry revenue of »restaurants and mobile food service activities« in Czechia 2011-2023
A developed country with a high-income economy, the Czech Republic had the lowest unemployment rate in 2018, as compared to its Central and Eastern European counterparts. The country joined the European Union in 2004 and ever since, has been flourishing with high levels of foreign investment and beneficial governmental policies, including tax breaks for new companies. In fact, the nation was ranked 13th in the Globalization index 2018. The favorable policies have benefitted many sectors, including the restaurants and mobile food services which hit an all-time high in 2017, generating revenues of nearly 4.8 billion U.S. Dollars. There are currently almost 131,000 food and beverage serving establishments in the nation.
Moreover, the existing economic policy has ensured that inflation for food products is kept under check, thereby resulting in more people dining out than ever before. The household consumption expenditure on restaurants and hotels valued at more than 220 million CZK in 2017, a significant 26% increase over that of 2013 levels.
Moreover, the existing economic policy has ensured that inflation for food products is kept under check, thereby resulting in more people dining out than ever before. The household consumption expenditure on restaurants and hotels valued at more than 220 million CZK in 2017, a significant 26% increase over that of 2013 levels.
