In 2013 services sectors comprised 34.7% of production value

03.12.2014

According to provisional structural business statistics data for 2013[1] compiled by the Central Statistical Bureau, in 2013 enterprises manufactured production with the total value of EUR 29.1 bln (at current prices). As compared to 2012 the production value of enterprises increased by 4%, of which in construction – by 10.7%, in trade – by 5.4%, in services – by 4.5% and in industry – by 0.1%.

The majority of production value is comprised by production manufactured by enterprises in services sector – EUR 10.1 bln or 34.7% of total value – and in industry sector – EUR 9.8 bln (33.8%). Production value manufactured by trade enterprises was EUR 4.9 bln or 16.9% of the total value, but construction enterprises manufactured production in the amount of EUR 4.3 bln (14.6%).

Production value by main kind of economic activity in 2010 - 2013 (bln EUR)

Data source: Central Statistical Bureau of Latvia

The greatest share of value added was produced in the services sector – EUR 3.9 bln or 40.6% of the total volume calculating at current prices. It was followed by enterprises of industrial and trade sector - EUR 2.8 bln (28.8%) and EUR 2.1 bln (21.9%), respectively. In construction this indicator comprised EUR 0.8 bln or 8.6% of the total volume.

Value added by main kind of economic activity in 2013 (%)

Data source: Central Statistica Bureau of Latvia

In 2013, EUR 4.7 bln or 49.2% of value added was comprised by gross operating surplus[2] which, compared to the previous year, has not changed significantly. In the structure of value added personnel costs comprised 50.8% and, compared to the previous year, they have gone up by 8.8%.

In 2013 each person employed produced value added in amount of EUR 16.3 thsd and, compared to 2012, it rose by 1.7%, of which in construction – by 5.9%, in services sectors – by 1.6%, in trade – by 1.5% and in industry – by 0.4%. The largest share of value added per one employed person was in industry – EUR 19.3 thsd, which was followed by services – EUR 16.9 thsd, trade – EUR 13.8 thsd and construction – EUR 13.3 thsd.

Value added per one employed person by kind of economic activity in 2010 – 2013 (thsd EUR)

Data source: Central Statistical Bureau of Latvia

Enterprise expenditure structure in 2013 shows that the largest expenditure share was formed by costs for purchase of goods and services – EUR 43.7 bln (at current prices) or 84.4% and, compared to 2012, they increased by 4.4%. But personnel costs comprised EUR 4.9 bln (9.4% of total costs) and, compared to the previous year, they rose by 8.8%. Gross investment in tangible goods – EUR 3.2 bln (6.2% of total costs) which, compared to 2012, reduced by 4.6%.

Expenditure structure of enterprises in 2013 by main kind of economic activity (%)

Data source: Central Statistical Bureau of Latvia

Data from structural business statistics survey cover indicators of activity of economically active market sector enterprises operating in industry, construction, trade and services, self-employed natural persons, excluding financial sector enterprises.

More information on enterprise key indicators by main kind of economic activity can be found in the CSB database.

 

More information:
Enterprise Finance and Structural Statistics Section
Alīna Kretova
Tel.: +371 67366852



[1] Data on production value, value added, gross output, purchase of goods and services, personnel costs and gross capital investment in tangible assets.

[2] Gross operating surplus – surplus generated by economic activities after the labour factor input has been recompensed.