Press Release

Non-financial investment in Latvia in 2006

Non-financial investment* in Latvia in 2005 was 1819.1 mln lats, an increase of 14% on 2004, according to the Central Statistical Bureau. Non-financial investments in the public sector totalled 595.4 mln lats (33% of the total non-financial investment value), up by 6% on 2004. 1223.7 mln lats (67% of the total value) were, in turn, invested in the private sector in 2005, an increase of 18% compared to 2004.

Technological machinery and equipment accounted for 38% or 683.0 mln lats of the total non-financial investment.

601.8 mln lats or 33% of the total non-financial investment value went to industry. The manufacture of food products and beverages accounted for 90.8 mln lats or 15% of the total non-financial investment in industry followed by 87.7 mln lats or 15% in the manufacture of wood and products of wood except furniture, 32.7 mln lats or 5% in the manufacture of basic metals, 23.1 mln lats or 4% in the manufacture of other non-metallic mineral products (ceramic, cement, concrete and other products), 18.8 mln lats (3%) in publishing, printing and reproduction of recorded media and 16.0 mln lats or 3% in the manufacture of furniture and manufacturing n.e.c.

274.6 mln lats or 15% of the total non-financial investment went to the sector of transport, storage and communications, a decrease of 9% compared to 2004.

251.7 mln lats or 14% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 11% compared to 2004.

*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
Arvīds Uibo
Tel. 7366857

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