Non-financial investment in Latvia in the 9 months of 2007

18.12.2007

Non-financial investment* in Latvia in the nine months of 2007 was 1763.2 mln lats, an increase of 14% on the nine months of 2006, according to the Central Statistical Bureau. Non-financial investment in the public sector totaled 640.9 mln lats (36% of the total non-financial investment value), up by 42% on the nine months of 2006. 1122.3 mln lats (64% of the total value) were, in turn, invested in the private sector in the nine months of 2006, an increase of 3% compared to the nine months of 2006.

Long-term investment in intangible assets and residential houses, other buildings and structures accounted for 49% of all non-financial investment or 862.5 mln lats, 30% or 530.5 mln lats- investment in technological machinery and equipment, 21% or 370.2 mln lats – investment in other fixed assets and inventories.

In the 3rd quarter of 2007 non-financial investment in Latvia accounted for 677.5 mln lats, which is up by 6% compared to 3rd quarter of 2006.

Non-financial investment by form of ownership in the nine months of 2007

9 months of 2007

at current prices, mln lats

at constant prices, % over 9 months of 2006

total

1763.2

114

          of which:

     in public sector

640.9

142

              of which:

       central government property

371.8

142

       local government property

230.3

174

     in private sector

1122.3

103

              of which:

       private property

479.4

126

       property of non-resident legal or natural persons

182.0

66

       mixed ownership without government capital participation

408.3

108

In first three quarters of this year 498.2 mln lats or 28% of the total non-financial investment were invested in industry. 62.8 mln lats or 13% of the total non-financial investment value in industry were invested in the manufacture of food products and beverages, 55.8 mln lats (11%) - in manufacture of wood and products of wood and cork, except furniture, 39.8 mln lats (8%) - in the manufacture of other non-metallic mineral products, 26.5 mln lats (5%) - in publishing, printing and reproduction of recorded media, 21.9 mln (4%) - in the manufacture of chemicals and chemical products and man made fibre 20.7 mln lats (4%)- in the manufacture of furniture; manufacture n.e.c.

233.3 mln lats or 13% of the total non-financial investment went to the sector of transport, storage and communications, an increase of 12% compared to the nine months of 2006.

212.3 mln lats or 12% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 2% compared to the nine months of 2006.

* 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. 67366857
Arvīds Uibo