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

22.06.2006

According to data of Central Statistical Bureau, non-financial investment* in Latvia in 1st quarter of 2006 was 311.7 mln lats, which is an increase by 16% compared to 1st quarter of 2005. Non-financial investments in the public sector totalled to 75.6 mln lats (24% of the total non-financial investment value), which is by 8% less than in 1st quarter of 2005. 236.1 mln lats (76% of the total value) were, in turn, invested in private sector in the 1st quarter of 2006, an increase by 27% compared to 1st quarter of 2005.

Technological machinery and equipment accounted for 42% or 130.4 mln lats of the total non-financial investment, and 26% or 80.5 mln lats were invested in other fixed assets and inventory.

95.9 mln lats or 31% of the total non-financial investment value went to industry. 33.4 mln lats or 35% of total non-financial investment in industry were invested in manufacturing of wood, products of wood, and cork, except furniture, 16.7 mln lats (17%) in manufacturing of food products and beverages, 9.0 mln lats (9%) in manufacturing of non-metallic mineral products, 4.6 mln lats (5%) in publishing, printing, and reproduction of recorded media, 3.1 mln lats (3%) in manufacturing of ready-made metal articles, except machinery and equipment.

43.9 mln lats or 14% of the total non-financial investment went to the sector of transport, storage and communications, a decrease by20% compared to 1st quarter of 2005.

39.3 mln lats (13%) were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 46% compared to 1st quarter 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