Non-financial investment in Latvia in the st quarter of 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