Press Release

Construction in Latvia in 4th quarter of 2009

In 2009 construction volume (at current prices) comprised LVL 1018.9 mln, of which in the 4th quarter – LVL 249.5 mln, according to the data of Central Statistical Bureau.

Compared to 2008, construction volume in 2009 at constant prices reduced by 35.3%, of which volume of construction of buildings decreased by 55.2% and volume of construction of civil engineering structures diminished by 27.4%.

Compared to the 3rd quarter of 2008, construction in Latvia in 4th quarter of 2009 reduced by 11.1%, according to seasonally adjusted data at constant prices. Of which volume of buildings constructed decreased by 30.0%, but volume of civil engineering structures constructed grew by 0.1%.

Compared to the corresponding quarter a year before, construction in Latvia in 4th quarter of 2009 decreased by 38.5% (working day adjusted data at constant prices). Of which construction of buildings reduced by 52.8% and volume of civil engineering structures constructed – by 23.6%.

Most notable reduction was recorded in construction and repairs of wholesale and retail trade buildings – 88.2%, of industrial buildings and warehouses - 66.3%, and of residential buildings - by 61.7%. But compared to a corresponding period a year before, construction volume has increased only in construction of bridges and tunnels – by 180.8%.

Construction volume and its changes
(at constant prices)


Total (current prices, mln LVL)

2009 as % of 2008 (non-adjusted data)

4th quarter 2009 as % over

2009

4th quarter 2009

3rd quarter 2009 (seasonally adjusted)

4th quarter 2008 (working-day adjusted)

Total

1018.9

249.5

-35.3

-11.1

-38.5

Of which:

Residential buildings

76.5

19.6

-65.1

0.5

-61.7

Hotels and similar buildings

11.7

3.4

-41.4

3.0

-39.0

Office buildings

99.7

22.5

-50.4

-16.3

-58.7

Wholesale and retail trade buildings

31.9

3.5

-61.2

-36.6

-88.2

Production buildings and warehouses

42.8

9.2

-69.8

-9.0

-66.3

Buildings for sports events

25.1

4.5

-10.2

-41.9

-40.5

Schools, universities and research institutions

45.0

11.8

-18.1

-5.5

-23.8

Health care and social care buildings

29.3

6.0

15.7

-36.2

-18.0

Motorways, streets, roads, airfields, runways, railway lines

169.3

42.1

-42.1

6.8

-47.9

Bridges and tunnels

92.1

32.0

69.4

95.3

180.8

Pipelines, communication and power lines

112.5

26.3

13.7

-6.3

-24.8

Local pipelines and cable lines

71.0

15.1

13.4

-26.2

-23.5

 

More information on seasonally adjusted, working-day adjusted and non-adjusted indices of construction is available in data base on Web Page of CSB.

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

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