Non-financial investment in Latvia in the 2nd quarter of 2009

09.09.2009

Non-financial investment* in Latvia in the 2nd quarter of 2009 was 425.4 mln lats, a decrease of 32% on the 2nd quarter of 2008, according to the Central Statistical Bureau.

Investment in residential and other buildings accounted for 51% or 215.6 mln lats of the total non-financial investment, 35% or 150.1 mln lats – in technological machinery and equipment, 12% or 50.4 mln lats – in other fixed assets and inventories, 2% or 9.3 mln lats – in long-term investment in intangible fixed assets.

Major investment in the 2nd quarter of 2009 was in public administration and defence; compulsory social security – 109.9 mln lats (26% of total non-financial investment) or more by 24% compared to the same quarter of previous year. Major investment was 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 2nd quarter of 2009 62.9 mln lats or 15% of total non-financial investment were invested in manufacturing, of which 7.0 mln lats or 11% were invested in the manufacture of food products and 1.2 mln lats (2%) – in the manufacture of beverages.


Non-financial investment by form of ownership in the 2nd quarter of 2009


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

2nd quarter of 2009 (at constant prices), % over 2nd quarter of 2008

Total

425.4

67.9

of which:

agriculture, forestry and fishing

15.9

53.7

industry – total

104.1

66.6

mining and quarrying

1.2

36.4

manufacturing

62.9

63.7

of which:

manufacture of food products

7.0

50.1

manufacture of beverages

1.2

122.1

electricity, gas, steam and air conditioning supply

40.0

73.4

water supply, sewerage, waste management and remediation activities

23.9

138.2

construction

5.8

19.5

wholesale and retail trade; repair of motor vehicles and motorcycles and motorcycles

35.0

46.9

transport and storage

50.3

79.0

accommodation and food service activities

3.9

50.6

information and communication

21.8

79.0

financial and insurance activities

11.9

49.6

real estate activities

15.0

39.2

professional, scientific and technical activities

1.9

31.1

administrative and support service activities

3.2

18.4

public administration and defence; compulsory social security

109.9

124.3

education

4.3

38.7

human health and social work activities

11.4

74.5

arts, entertainment and recreation

6.8

37.2

other service activities

0.3

25.0



* Non-financial investment includes long-term intangible investments (development costs, concessions, patents, licences, trade marks and similar rights), investment in residential buildings, other structures and buildings, long-term greeneries, technological machinery and equipment, other fixed assets and stock, as well as formation of fixed assets and costs of unfinished construction objects and major repair.


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