Construction production grows by 8.1% in 2014
The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2014 compared to 2013 construction production volume according to calendar adjusted data at constant prices increased by 8.1%. In 2014 construction production volume at current prices accounted for EUR 1801.6 mln, of which in the 4th quarter - EUR 547.3 mln.
Construction of buildings increased by 33.7%, of which construction of hotels and similar buildings - by 98.5%, construction and repair of educational buildings - by 87.8%, and construction of residential buildings - by 31.1%. In turn, construction of civil engineering structures dropped by 9.3%. It was affected by decrease in volume of construction of highways, streets, roads, airfield runways, railways, railway lines of 2.4%, and of main pipelines, communication and power lines - of 22.0%. In turn, construction of local pipelines and cableslast year grew by 25.3%.
|Construction production volume index|
Data source: Central Statistical Bureau of Latvia
Compared to the 3rd quarter of 2014, construction production volume in the 4th quarter of 2014 grew by 2.1%, according to seasonally adjusted data at constant prices. Construction of buildings declined by 0.4%, while construction of civil engineering structures grew by 3.0%.
Compared to the 4th quarter of 2013, construction production volume in the 4th quarter of 2014 rose by 4.4%, according to calendar adjusted data at constant prices. Construction of buildings increased by 21.1%, of which construction of hotels and similar buildings - by 75.6%, and construction and repair of educational buildings - by 85.5%. Due to a notable drop in construction of main pipelines, communication and power lines of 31.0% and in construction of construction of harbours of 57.0%, construction of civil engineering structures decreased by 7.5%. In turn construction of streets and roads grew by 12.5%, and construction of local pipelines and cables - by 17.2%.
Construction volume and changes
Total (at current prices, mln EUR)
2014 as compared to 2013, % (calendar adjusted data at constant prices)
4th quarter of 2014 compared to
3rd quarter of 2014, % (at constant prices, seasonally adjusted)
4th quarter of 2013, % (at constant prices, calendar adjusted)
Hotels and similar buildings
Wholesale and retail trade buildings
Industrial buildings and warehouses
School, university and research buildings
Hospital or institutional care buildings
Highways, streets, roads, airfield runways, railways
Bridges and tunnels
Harbours and dams
Main pipelines, communication and electricity lines
Local pipelines and cables
In the 4th quarter of 2014, 374 building permits1 were granted for construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 103 thsd m2. Compared to the corresponding period of 2013 it is 43 building permits less, while the intended total floor space increased by 10.0%. 270 building permits were granted for construction of new buildings with the total floor space of 63 thsd m2, which is 3 building permits and 2.5% of the intended floor space less than in the corresponding period of 2013.
86 building permits were granted for construction of industrial buildings and warehouses with the total floor space of 122.9 thsd m2. Compared to the 4th quarter of 2013, it is 21 building permits less for the total floor space smaller by 38.4%. In turn 47 building permits were granted for the construction of new industrial buildings and warehouses with the total floor space of 68.6 thsd m2. It is 11 permits less for the intended floor space smaller by 48.7%.
More information on construction volume indices and building permits is available in the CSB database section Construction.
1 Since the 4th quarter of 2014 in construction statistics the term granted permits in accordance with the provisions of the Construction Law means a record in the construction permit confirming that preconditions for commencement of construction works have been met.
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