Non-financial investment in Latvia in the 9 months of 2006
Non-financial investment* in Latvia in the 9 months of 2006 was 1286.5 mln lats, an increase of 14% on the 9 months 2005, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 375.8 mln lats (29% of the total non-financial investment value), down by 3% on the 9 months of 2005. 910.7 mln lats (71% of the total value) were, in turn, invested in the private sector in the 9 months of 2006, an increase of 23% compared to the 9 months of 2005.
Technological machinery and equipment accounted for 35% or 445.5 mln lats of the total non-financial investment.
373.9 mln lats or 29% of the total non-financial investment value went to industry. The manufacture of wood and of articles of wood and cork except furniture accounted for 80.0 mln lats or 21% of the total non-financial investment in industry followed by 51.3 mln lats or 14% in the manufacture of food products and beverages, 16.1 mln lats or 4% in the manufacture of other non-metallic mineral products, 13.1 mln lats (4%) in publishing, printing and reproduction of recorded media and 8.6 mln lats or 2% in the manufacture of fabricated metal products except machinery and equipment.
174.1 mln lats or 14% of the total non-financial investment went to the sector of transport, storage and communications, a decrease of 3% compared to the 9 months of 2005.
173.3 mln lats or 13% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 22% compared to the 9 months of 2005.
*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