Non-financial investment in Latvia in the st half of 2007
Non-financial investment* in Latvia in the 1st half of 2007 was 1085.7 mln lats, an increase of 20% on the first six months of 2006, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 354.2 mln lats (33% of the total non-financial investment value), up by 50% on the 1st half of 2006. 731.5 mln lats (67% of the total value) were, in turn, invested in the private sector in the 1st half of 2006, an increase of 10% compared to the 1st half of 2006.
Technological machinery and equipment accounted for 32% or 346.8 mln lats of the total non-financial investment, 23% or 247.0 mln lats – other fixed assets and inventories.
326.2 mln lats or 30% of the total non-financial investment value went to industry. 49.1 mln lats or 15of the total non-financial investment value in industry were invested in the manufacture of food products and beverages, 29.6 mln lats (9%) - in manufacture of wood and products of wood and cork, except furniture, 26.8 mln lats (8%) - in the manufacture of other non-metallic mineral products, 22.1 mln lats (7%) - in publishing, printing and reproduction of recorded media, 16.1 mln (5%) - in the manufacture of furniture; manufacture n.e.c., 14.9 mln lats (5%) - in the manufacture of chemicals and chemical products and man made fibre.
149.7 mln lats or 14% of the total non-financial investment went to the sector of transport, storage and communications, an increase of 12% compared to the 1st half of 2006.
135.5 mln lats or 12% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 10% compared to the 1st half 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