Non-financial investment in Latvia in the 3rd quarter of 2009

11.12.2009

Non-financial investment* in Latvia in the 3rd quarter of 2009 was 402.8 mln lats, a decrease of 39% on the 3rd quarter of 2008, according to the Central Statistical Bureau.

Investment in residential and other buildings accounted for 52% or 209.0 mln lats of the total non-financial investment, 34% or 138,1 mln lats – in technological machinery and equipment, 12% or 47.4 mln lats – in other fixed assets and inventories, 2% or 8.3 mln lats – in long-term investment in intangible fixed assets.

In the 3rd quarter of 2009 144.4 mln lats (36% of total non-financial investment) were invested in industry, 79.2 mln lats (21% of total non-financial investment) were invested in public administration and defence; compulsory social security. 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.

Non-financial investment by form of ownership in the 3rd quarter of 2009


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

3rd quarter of 2009 (at constant prices), % over 3rd quarter of 2008

Total

402.8

61.0

of which:

agriculture, forestry and fishing

21.4

45.2

industry – total

144.4

83.8

mining and quarrying

2.2

64.9

manufacturing

63.5

68.1

electricity, gas, steam and air conditioning supply

44.2

76.5

water supply, sewerage, waste management and remediation activities

34.5

192.6

construction

6.8

19.1

wholesale and retail trade; repair of motor vehicles and motorcycles

25.8

40.7

transport and storage

41.7

63.2

accommodation and food service activities

2.6

30.8

information and communication

22.1

93.3

financial and insurance activities

6.0

35.7

real estate activities

7.9

34.5

professional, scientific and technical activities

1.6

25.8

administrative and support service activities

3.6

26.0

public administration and defence; compulsory social security

79.2

62.9

education

8.6

57.9

human health and social work activities

24.5

103.4

arts, entertainment and recreation

6.1

37.9

other service activities

0.5

18.1

 

* 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 in the data bases on the home page of CSB.

Information has been revised on 14.12.2009

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