Non-financial investment in Latvia in the 1st quarter of 2009

15.06.2009

Non-financial investment (long-term investment in intangible fixed assets and investment in tangible fixed assets) in Latvia in the 1st quarter of 2009 was 348.2 mln lats, a decrease of 34% on the 1st quarter of 2008, according to the Central Statistical Bureau.

Investment in residential and other buildings accounted for 43% or 149.5 mln lats of the total non-financial investment, 35% or 122.7 mln lats – in technological machinery and equipment, 20% or 69.2 mln lats – in other fixed assets and inventories, 2% or 6.8 mln lats – in long-term investment in intangible fixed assets.

Major investment in the 1st quarter of 2009 was in public administration and defence; compulsory social security – 66.0 mln lats (19% of total non-financial investment) or more by 30% compared to the same quarter of previous year. That was investment in the construction of Slavu overpass of 2nd stage of the Southern Bridge project, in the construction of National Library, in the construction of main pipelines and local pipelines of local governments, in the activity of fire-fighting services. 2.9 mln lats or more by 107% compared to the 1st quarter of previous year were invested in the purchase of equipment and machinery for mining and quarrying.

In the 1st quarter of 2009 49.3 mln lats or 14% of total non-financial investment were invested in manufacturing, of which 6.8 mln lats or 14% were invested in the manufacture of food products and 1.9 mln lats (4%) – in the manufacture of beverages.

Non-financial investment by form of ownership in the 1st quarter of 2009

 

Non-financial investments, at current prices, in mln lats

I-III 2009 (at constant prices), % over I-III 2008

Total

348.2

66

of which:

 

 

agriculture, forestry and fishing

18.0

79

industry – total

81.5

54

mining and quarrying

2.9

207

manufacturing

49.3

48

of which:

 

 

manufacture of food products

6.8

60

manufacture of beverages

1.9

73

electricity, gas, steam and air conditioning supply

29.3

65

water supply, sewerage, waste management and remediation activities

12.6

69

construction

13.1

55

wholesale and retail trade; repair of motor vehicles and motorcycles

39.4

50

transport and storage

36.1

72

accommodation and food service activities

3.3

58

information and communication

20.4

94

financial and insurance activities

7.9

51

real estate activities

16.0

74

professional, scientific and technical activities

3.9

53

administrative and support service activities

4.7

25

public administration and defence; compulsory social security

66.0

130

education

5.6

55

human health and social work activities

12.2

67

arts, entertainment and recreation

7.3

52

other service activities

0.2

18


More information on non-financial investments in Latvia is available on the Web Page of the CSB.

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