Construction in Latvia in nine months of 2007

27.11.2007

In nine months of 2007 the value of construction output reached 1111.1 mln lats, an increase of 14.2 % (at constant prices) in comparison to nine months of 2006, according to the Central Statistical Bureau. In the 3rd quarter the value of construction output reached 508.7 mln lats, an increase of 13.2% compared to the 3rd quarter of previous year.

Compared to the nine months of 2006, the value of new construction (at constant prices) has increased by 27.0% or 133.1 mln lats. The value of repair and reconstruction - by 1.0% or 4.8 mln lats, respectively.

The new construction and repair and reconstruction of magisterial pipelines, communications and power lines has increased 1.5 times, of administrative buildings – 1.4 times, of residential buildings – 1.3 times. Over the same period there have been decreases of 18% in the construction of local pipelines and cable lines and 14% in the construction of hotels and similar buildings.

In nine months of 2007 residential buildings with a total floor space of 811.4 thsd m2 were commissioned; of these 324.4.thsd m2 were built on account of the resources of the population (in nine months of 2006 - 559.8 and 265.4 thsd m2, respectively).

In the nine months of this year the value of own account construction work done outside the Republic of Latvia was 8.5 mln lats (in nine months of 2006 – 4.8 mln lats). The bulk of construction work was actually done in the countries of the European Union and the CIS countries, 5.0 and 3.3 mln lats, respectively (in nine months of 2006 - 2.0 and 2.7 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 5.1 mln lats.

Increase (decrease) rates of construction production
in nine months of 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

238326

134,6

133,1

140,7

Hotels and similar buildings

19661

86,0

79,0

94,2

Office buildings

135855

144,0

293,4

93,6

Wholesale and retail trade buildings

64665

119,4

96,9

209,4

Production buildings and warehouses

99664

97,2

179,2

53,5

Buildings for sports events

17333

140,9

171,7

77,9

Schools, universities and research institutions

32999

111,5

121,0

109,3

Health care and social care buildings

21888

149,8

134,5

153,6

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

162217

87,8

90,3

86,4

Bridges and tunnels

43776

118,0

116,1

120,2

Ports and dams

18999

109,3

208,3

22,4

Pipelines, communication and power lines

47110

152,1

156,9

147,0

Local pipelines and cable lines

36554

82,5

120,5

46,9

In nine months of 2007 many important objects of national economy were commissioned, e.g., in Riga – new building of Administrative Regional Court, reconstructed B class office building ‘’NTP Biznesa centrs’’, passenger tunnel in Riga Port, in Ventspils – newly erected therapy building of Ventspils hospital, in Liepāja – reconstructed complex of Immigration an Naturalization Service and administrative buildings of Liepaja Port border checkpoint, in district of Madona – new secondary school building in Cesvaine, in district of Riga – new bypass of Saulkrasti and new complex of warehouses and production buildings in Olaine.

Prepared by the Investment and Real Estate Statistics Section
Tel. 7366857
Arvīds Uibo