Non-financial investment in Latvia in the 1st quarter of 2008

11.06.2008

According to the data of the Central Statistical Bureau, in the 1st quarter of 2008 non-financial investment (long-term investment in intangible fixed assets and investment in tangible fixed assets) in Latvia comprised 537.0 mln lats, an increase of 2% if compared to the first quarter of 2007. Non-financial investment in the public sector totalled 193.4 mln lats (36% of the total non-financial investment value), up by 11% on the 1st quarter of 2007. But in the 1st quarter of 2008 343.6 mln lats (64% of the total value) were, in turn, invested in the private sector, an increase of 3% if compared to the 1st quarter of 2007.

Long-term investment in intangible fixed assets and investment in residential and other buildings accounted for 45% of all non-financial investments or for 243.3 mln lats, technological machinery and equipment comprised 33% of all non-financial investments or 176.1 mln lats, other fixed assets and inventories constituted 22% or 117.6 mln lats.

Non-financial investments by kind of economic activity in the 1st quarter of 2008

Non-financial investments at current prices, mln lats

Changes of non-financial investments at constant prices, as % of 1st quarter of 2007

Total

537.0

2

Of which:

agriculture, hunting and forestry

21.9

41

fishing

0.1

-89

industry - total

151.2

-10

mining and quarrying

1.4

-21

manufacturing

100.4

14

electricity, gas and water supply

49.4

-36

construction

23.5

1

wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods

80.0

24

hotels and restaurants

5.8

-14

transport, storage and communication

75.8

15

financial intermediation

16.5

-38

real estate, renting and business activities

45.9

-34

public administration and defence; compulsory social security

55.2

27

education

10.4

8

health and social work

14.4

23

other community, social and personal service activities

36.3

58

151.2 mln lats or 28% of total volume of non-financial investments were invested in industry, a decrease of 10% if compared to the 1st quarter of 2007. 21.2 mln lats or 14% of total volume of non-financial investments in industry were invested in manufacturing of chemicals, chemical products and man-made fibres, 20.3 mln lats 913%) - in manufacture of wood and products of wood and cork, except furniture, 19.7% mln lats (13%) - in manufacturing of non-metallic mineral products, 14.8 mln lats (10%) - in manufacturing of food products and beverages.

80.0 mln lats or 15% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 24% compared to the 1st quarter of 2007.

75.8 mln lats (14%) of the total non-financial investment went to the sector of transport, storage and communications, an increase of 15% compared to the 1st quarter of 2007.

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