Construction in Latvia in 2007

29.02.2008

In 2007 the value of construction output reached 1609.7 mln lats, an increase of 12.8 % (at constant prices) in comparison to 2006, according to the Central Statistical Bureau.

In 2007 the value of new construction reached 157.6 mln lats, an increase of 21.3% compared to 2006. The value of repair and reconstruction - by 3.6% or 24.5 mln lats, respectively.

The new construction and repair and reconstruction of magisterial pipelines, communications and power lines has increased 1.7 times, of administrative buildings – 1.5 times, of residential buildings – 1.3 times. Over the same period there have been decreases of 21% in the construction of local pipelines and cable lines and 10% in the construction of production buildings and warehouses.

In 2007 residential buildings with a total floor space of 1188.4 thsd m2 were commissioned; of these 474.1 thsd m2 were built on account of the resources of the population (in 2006 – 812.6 and 388.9 thsd m2, respectively).

In the previous year the value of own account construction work done outside the Republic of Latvia was 11.7 mln lats (in 2006 – 10.5 mln lats). The bulk of construction work was actually done in the countries of the European Union and the CIS countries, 6.6 and 4.9 mln lats, respectively (in 2006 – 3.5 and 6.9 mln lats). Over the same period the value of construction work done by non-resident construction organisations in the Republic of Latvia has amounted to 6.0 mln lats.

Increase (decrease) rates of construction production in 2007

Total
(at current prices,
thsd
LVL)

as % of corresponding period
of previous year
(at constant prices
)

Total

Of which:

New construction

Repair and reconstruction

Residential buildings

334020

32,9

32,2

36,0

Hotels and similar buildings

34287

4,9

-10,2

24,8

Office buildings

210071

54,1

158,3

11,4

Wholesale and retail trade buildings

84189

-3,1

-21,1

76,0

Production buildings and warehouses

134574

-10,4

40,1

-45,6

Buildings for sports events

24790

20,8

67,9

-42,9

Schools, universities and research institutions

50385

5,7

-19,6

13,2

Health care and social care buildings

32034

44,1

-1,4

57,6

Motorways, streets, roads, airfields, runways, railway lines

236792

-4,3

-16,0

2,5

Bridges and tunnels

57950

0,8

17,4

-15,0

Ports and dams

26400

-1,1

125,8

-82,7

Pipelines, communication and power lines

78877

68,8

79,1

56,4

Local pipelines and cable lines

54731

-21,5

14,6

-55,1

In 2007 many important objects of national economy were commissioned, e.g., in Riga – administrative buildings’ complex of Ministry of Interior, reconstructed building of Ministry of Foreign Affairs, in Ventspils – newly erected therapy building of Ventspils hospital, in Liepaja – hotel „Promenade”, in district of Madona – new secondary school building in Cesvaine, track manege in Kuldiga, in district of Liepaja – reconstructed substation of A/S “Augstsprieguma tikls” in Grobina, in district of Riga – new bypass of Saulkrasti.

Prepared by the Investment and Real Estate Statistics Section
Tel. 67366857
Arvīds Uibo