Non-financial investment in Latvia in the 1rdquarter of 2007

19.06.2007

Non-financial investment* in Latvia in the 1st quarter of 2007 was 451.8 mln lats, an increase of 20% on the first three months of 2006, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 148.9 mln lats (33% of the total non-financial investment value), up by 62% on the 1st quarter of 2006. 302.9 mln lats (67% of the total value) were, in turn, invested in the private sector in the 1st quarter of 2006, an increase of 6% compared to the 1st quarter of 2006.

Technological machinery and equipment accounted for 30% or 133.6 mln lats of the total non-financial investment, 23% or 103.1 mln lats – other fixed assets and inventories.

143.4 mln lats or 32% of the total non-financial investment value went to industry. 14.3 mln lats or 10% of the total non-financial investment value in industry were invested in publishing, printing and reproduction of recorded media, 13.9 mln (10%) - in the manufacture of food products and beverages, 13.6 (9%) – in manufacture of wood and products of wood and cork, except furniture, 6.7 mln lats (5%) - in the manufacture of other non-metallic mineral products, 5.9 mln lats (4%) – in the manufacture of chemicals and chemical products and man made fibre, 5.6 mln lats (4%) –in the manufacture of furniture; manufacture n.e.c.

56.2 mln lats or 12% of the total non-financial investment went to the sector of transport, storage and communications, an increase of 6% compared to the 1st quarter of 2006.

55.4 mln lats or 12% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 16% compared to the 1st quarter of 2005.

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*Non-financial investment includes long-term investment in intangible fixed assets and investment in tangible fixed assets (purchase, reconstruction or own account new construction).

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