The invention aims at providing a heat-shrinkable polyester film which is excellent in tearability along perforations and in break resistance after storage when used as labels of beverage bottles. The invention relates to a heat-shrinkable polyester film which is made of a polyester resin comprising ethylene terephthalate as the main constituent and containing at least 13 mol % of at least one monomer capable of forming an amorphous component in the whole polyester resin component and which has specific heat shrinkage characteristics and exhibits specific mechanical characteristics after heat shrinking treatment. The film can be produced by a sequential biaxial orientation process comprising longitudinal orientation step, intermediate heat treatment step, positive cooling step, transverse orientation step, and final heat treatment step.