Non-financial investment in Latvia in the 9 months of 2006

22.12.2006

Non-financial investment* in Latvia in the 9 months of 2006 was 1286.5 mln lats, an increase of 14% on the 9 months 2005, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 375.8 mln lats (29% of the total non-financial investment value), down by 3% on the 9 months of 2005. 910.7 mln lats (71% of the total value) were, in turn, invested in the private sector in the 9 months of 2006, an increase of 23% compared to the 9 months of 2005.

Technological machinery and equipment accounted for 35% or 445.5 mln lats of the total non-financial investment.

373.9 mln lats or 29% of the total non-financial investment value went to industry. The manufacture of wood and of articles of wood and cork except furniture accounted for 80.0 mln lats or 21% of the total non-financial investment in industry followed by 51.3 mln lats or 14% in the manufacture of food products and beverages, 16.1 mln lats or 4% in the manufacture of other non-metallic mineral products, 13.1 mln lats (4%) in publishing, printing and reproduction of recorded media and 8.6 mln lats or 2% in the manufacture of fabricated metal products except machinery and equipment.

174.1 mln lats or 14% of the total non-financial investment went to the sector of transport, storage and communications, a decrease of 3% compared to the 9 months of 2005.

173.3 mln lats or 13% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 22% compared to the 9 months of 2005.

*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. 7366857
Arvīds Uibo