Non-financial investment in Latvia in the 1st half-year of 2008
Non-financial investment (long-term investment in intangible fixed assets and investment in tangible fixed assets) in Latvia in the 1st half of 2008 was 1223.3 mln lats, a decrease of 3% on the 1st half of 2007, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 488.6 mln lats (40% of the total non-financial investment value), up by 18% on the 1st half of 2007. 734.7 mln lats (60% of the total value) were, in turn, invested in the private sector in the 1st half of 2008, a decrease of 14% compared to the 1st half of 2007.
Long-term investment in intangible fixed assets and investment in residential and other buildings accounted for 48% or 582.0 mln lats of the total non-financial investment, 32% or 392.9 mln lats – in technological machinery and equipment, 20% or 248.4 mln lats – in fixed assets and inventories.
In the 2nd quarter of 2008 non-financial investment in Latvia accounted for 686.3 mln lats, less by 7% on the 2nd quarter of 2007.
Non-financial investment by form of ownership in the 2nd quarter of 2008
|
Non-financial investment, at current prices, in mln lats |
Changes in non-financial investment (at constant prices), % over 2nd quarter of 2007 | |
|---|---|---|
|
Total |
686.3 |
-7 |
|
of which: |
||
|
agriculture, hunting and forestry |
32.9 |
26 |
|
fishing |
0.9 |
80 |
|
industry – total |
186.9 |
-12 |
|
mining and quarrying |
3.3 |
6 |
|
manufacturing |
118.3 |
-17 |
|
electricity, gas and water supply |
65.3 |
-3 |
|
construction |
28.4 |
-23 |
|
wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods |
76.7 |
-18 |
|
hotels and restaurants |
8.7 |
12 |
|
transport, storage and communication |
97.5 |
-10 |
|
financial intermediation |
24.7 |
-37 |
|
real estate, renting and business activities |
62.7 |
-12 |
|
public administration and defence; compulsory social security |
97.4 |
20 |
|
education |
11.8 |
20 |
|
health and social work |
20.9 |
51 |
|
other community, social and personal service activities |
36.8 |
2 |
186.9 mln lats or 27% of the total non-financial investment value went to industry, which is less by 12% on the 2nd quarter of 2007. 43.4 mln lats or 23% of the total non-financial investment value in industry were invested in the manufacture of other non-metallic mineral products, 25.4 mln lats (14%) - in manufacture of food products and beverages, 14.6 mln lats (8%) - in the manufacture of wood and products of wood and cork, except furniture, 9.1 mln lats (5%) - in the manufacture of chemicals and chemical products and man made fibre.
76.7 mln lats or 11% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, a decrease of 18% compared to the 2nd quarter of 2007.
97.5 mln lats or 14% were invested in the sector of transport, storage and communications, a decrease of 10% compared to the 2nd quarter of 2007.
Prepared by the Investment and Real Estate Statistics Section
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Arvīds Uibo