Non-financial investment in Latvia in 2007

13.03.2008

Non-financial investment* in Latvia in 2007 was 2722.0 mln lats, an increase of 13% on 2006, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 1082.3 mln lats (40% of the total non-financial investment value), up by 39% on 2006. 1639.7 mln lats (60% of the total value) were, in turn, invested in the private sector 2006, an increase of 0.7% compared to 2006.

Long-term investment in intangible fixed assets and investment in residential and other buildings accounted for 48% or 1300.8 mln lats of the total non-financial investment, 30% or 823.2 mln lats – in technological machinery and equipment, 22% or 598.0 mln lats – in fixed assets and inventories.

In the 4th quarter of 2007 non-financial investment in Latvia accounted for 958.8 mln lats, up by 12% on the 4th quarter of 2006.

Non-financial investment by form of ownership in 2007

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

Non-financial investment changes, at constant prices, % over 2006

Total

2722,0

13

       of which:

  public sector

1082,3

39

          of which:

    central government

616,4

28

    local government

410,5

78

  private sector

1639,7

0,7

         of which:

    private

675,7

19

    non-resident legal or natural persons

287,1

-20

    mixed ownership without government capital participation

601,0

2

806.5 mln lats or 30% of the total non-financial investment value went to industry, which is up by 14% on 2006. 99.5 mln lats or 12% of the total non-financial investment value in industry were invested in the manufacture of wood and products of wood and cork, except furniture, 83.0 mln lats (10%) - in the manufacture of food products and beverages, 73.0 mln lats (9%) - in the manufacture of other non-metallic mineral products, 34.6 mln lats (4%) - in publishing, printing and reproduction of recorded media, 30.1 mln (4%) – in the manufacture of chemicals and chemical products and man made fibre, 25.5 mln lats (3%) - in the manufacture of furniture; manufacture n.e.c.

326.8 mln lats or 12% of the total non-financial investment went to the sector of transport, storage and communications, an increase of 5% compared to 2006.

301.5 mln lats or 12% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, a decrease of 2% compared to 2006.

* 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. 67366857
Arvīds Uibo