Non-financial investment in Latvia in the 2nd quarter of 2010

07.09.2010

Non-financial investment* in Latvia in the 2nd quarter of 2010 was 250.3 mln lats (at current prices), according to the Central Statistical Bureau.

In the 2nd quarter of 2010, compared to the 2nd quarter of previous year, value of non-financial investment (at constant prices) reduced by 38.7%. Investment in residential and other buildings, constructions and structures in the 2nd quarter of 2010 accounted for 47.0% or 117.5 mln lats of the total non-financial investment, 32.6% or 81.7 mln lats – in technological machinery and equipment, 17.0% or 42.4 mln lats – in other fixed assets and inventories, 3.4% or 8.7 mln lats – in long-term investment in intangible fixed assets. In the 2nd quarter of 2010 35.2% or 88.2 mln lats of the total non-financial investments were invested in industry, 37.6 mln lats or 15.0% - in public administration and defence; compulsory social security, 31.4 mln lats or 12.5% - in transport and storage, 18.1 mln lats or 7.2% - in information and communication services.

In the 1st half of 2010, compared to the 1st half of 2009, non-financial investment reduced by 42.7%, of which in industry – by 33.7%. In its turn, in information and communication services in the 1st half of 2010, compared to the same period of previous year, they have increased by 6.7%, which were invested in the modernization of system.

Non-financial investment by kind of activity

 

Total

(at current prices,

mln lats)

1st half of 2010 (at constant prices), % over 1st half of 2009

2nd quarter of 2010 (at constant prices), % over 2nd quarter of 2009

1st half of 2010

2nd quarter of 2010

Total

421.8

250.3

57.3

61.3

of which:

 

 

 

 

agriculture, forestry and fishing

18.0

11.0

55.8

72.0

industry

140.3

88.2

66.3

71.8

 

of which:

 

 

 

 

 

manufacturing

86.2

48.1

80.7

79.7

construction

6.2

3.9

34.3

69.9

wholesale and retail trade; repair of motor vehicles and motorcycles

35.9

17.2

50.7

51.3

transport and storage

46.5

31.4

56.6

65.0

information and communication services

42.9

18.1

106.7

86.6

real estate activities

22.7

13.5

76.9

94.3

public administration and defence; compulsory social security

61.4

37.6

36.7

35.7

 

* Non-financial investment includes information on long-term intangible investments (development costs, concessions, patents, licences, trade marks and similar rights), investment in residential buildings, other structures and buildings, 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 in the data bases on the home page of CSB.

 

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