Non-financial investment* in Latvia in 2006 was 2006.3 mln lats, an increase of 12% compared to 2005, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 649.7 mln lats (32% of the total non-financial investment value), down by 6% on the year 2005. 1356.6 mln lats (68% of the total value) were, in turn, invested in the private sector in 2006, an increase of 22% compared to 2005.
Technological machinery and equipment accounted for 34% or 689.0 mln lats of the total non-financial investment.
589.2 mln lats or 29% of the total non-financial investment value went to industry. The manufacture of wood and of articles of wood and cork except furniture accounted for 104.4 mln lats or 18% of the total non-financial investment in industry followed by 90.3 mln lats or 15% in the manufacture of food products and beverages, 37.1 mln lats (6%) in the manufacture of other non-metallic mineral products, 16.2 mln lats (3%) in publishing, printing and reproduction of recorded media and 14.2 mln lats (2%) in the manufacture of chemicals, chemical products and man-made fibres.
258.6 mln lats or 13% of the total non-financial investment went to the sector of transport, storage and communications, a decrease of 2% compared to 2005.
257.2 mln lats or 13% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 26% compared to 2005.
Prepared by the Investment and Real Estate Statistics Section
*Non-financial investment includes long-term investment in intangible fixed assets and investment in tangible fixed assets (purchase, reconstruction or own account new construction).
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