Non-financial investment in Latvia in the st half of 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