Non-financial investment in Latvia in the 1rdquarter of 2007
Non-financial investment* in Latvia in the 1st quarter of 2007 was 451.8 mln lats, an increase of 20% on the first three months of 2006, according to the Central Statistical Bureau. Non-financial investment in the public sector totalled 148.9 mln lats (33% of the total non-financial investment value), up by 62% on the 1st quarter of 2006. 302.9 mln lats (67% of the total value) were, in turn, invested in the private sector in the 1st quarter of 2006, an increase of 6% compared to the 1st quarter of 2006.
Technological machinery and equipment accounted for 30% or 133.6 mln lats of the total non-financial investment, 23% or 103.1 mln lats – other fixed assets and inventories.
143.4 mln lats or 32% of the total non-financial investment value went to industry. 14.3 mln lats or 10% of the total non-financial investment value in industry were invested in publishing, printing and reproduction of recorded media, 13.9 mln (10%) - in the manufacture of food products and beverages, 13.6 (9%) – in manufacture of wood and products of wood and cork, except furniture, 6.7 mln lats (5%) - in the manufacture of other non-metallic mineral products, 5.9 mln lats (4%) – in the manufacture of chemicals and chemical products and man made fibre, 5.6 mln lats (4%) –in the manufacture of furniture; manufacture n.e.c.
56.2 mln lats or 12% of the total non-financial investment went to the sector of transport, storage and communications, an increase of 6% compared to the 1st quarter of 2006.
55.4 mln lats or 12% were invested in wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods, an increase of 16% compared to the 1st quarter 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