Non-financial investment in Latvia in the st half of 2006

22.09.2006

According to data of Central Statistical Bureau, non-financial investment* in Latvia in 1st half-year of 2006 was 746.4 mln lats, which is an increase by 12% compared to 1st half-year of 2005. Non-financial investments in the public sector totalled to 195.3 mln lats (26% of the total non-financial investment value), which is by 4% less than in 1st half-year of 2005. 551.1 mln lats (74% of the total value) were, in turn, invested in private sector in the 1st half-year of 2006, an increase by 19% compared to 1st half-year of 2005.

Technological machinery and equipment accounted for 36% or 271.8 mln lats of the total non-financial investment. 208.1 mln lats or 28% of the total non-financial investment value went to industry. 48.5 mln lats or 23% of total non-financial investment in industry were invested in manufacturing of wood, products of wood, and cork, except furniture, 34.7 mln lats (17%) in manufacturing of food products and beverages, 13.4 mln lats (6%) in manufacturing of non-metallic mineral products (ceramics, cement, concrete, etc. products), 7.1 mln lats (3%) in publishing, printing, and reproduction of recorded media, 5.8 mln lats (3%) in manufacturing of textiles, 5.4 mln lats (3%) in manufacturing of ready-made metal articles, except machinery and equipment.

110.2 mln lats or 15% of the total non-financial investment went to the sector of transport, storage and communications, which is a decrease by 3% compared to 1st half-year of 2005. 101.7 mln lats (14%) were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 14% compared to 1st half-year of 2005.

*Non-financial investment includes long-term investment in intangible fixed assets and investment in tangible fixed assets (purchase, reconstruction or new construction on own account).

Prepared by Investment and Real Estate Statistics Section
Arvīds Uibo
Tel. 7366857