Non-financial investment in Latvia in the 4th quarter of 2009

10.03.2010

Non-financial investment* (at current prices) in Latvia in 2009 comprised1702.0 mln lats, of which in the 4th quarter 525.6 mln lats, according to the data of the Central Statistical Bureau.

Compared to 2008, the volume of non-financial investment at constant prices in 2009 reduced by 34.2%, and in comparison with the 4th quarter of 2008, in 4th quarter of 2009 it decreased by 31.7%.

In the 4th quarter of 2009 investments inresidential and other buildings accounted for 51.4% or 270.1 mln lats of total non-financial investment, 35.2% or 185.2 mln lats were invested in technological machinery and equipment, 10.2% or 53.3 mln lats - in other fixed assets and inventories, 3.2% or 17.0 mln lats - in long-term investment in intangible fixed assets.In 4th quarter of 2009 28% or 148.0 mln lats of the total non-financial investments 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. 139.7 mln lats or 27% of total volume of investments in the 4th quarter were invested in industry, 59.6 mln lats or 11% - in transport and storage, 54.0 mln lats or 10% - in information and communication sector.

Non-financial investment by main kind of economic activity


Total (at current prices), mln lats

2009 at constant prices as % over 2008

4th quarter 2009 at constant prices as % over 4th quarter 2008

2009

in 4th quarter of 2009

Total

1702,0

525,6

65,8

68,3

Of which:

agriculture, forestry and fishing

69,2

14,0

60,4

95,3

industry

506,3

139,7

69,4

64,7

construction

33,1

7,4

27,9

25,4

wholesale and retail trade; repair of motor vehicles and motorcycles

135,6

35,5

46,9

47,7

transport and storage

187,8

59,6

72,1

74,5

information and communication

118,2

54,0

107,2

146,0

real estate activities

54,7

15,8

44,2

38,6

public administration and defence; compulsory social security

403,2

148,0

91,5

86,7

 

*Non-financial investment includes long-term intangible investments (development costs, concessions, patents, licenses, 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.

 

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