Analytics, Construction, Good for Business, Latvia, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 13:49
In Q3, construction output grew by 25% in Latvia
Compared to the
3rd quarter of the previous year, significant construction
output increase was recorded in construction of civil engineering works (of
39.6% and comprising 50.9% of the total construction output) and construction
of non-residential buildings (of 25.2% and comprising 38.8% of the total
construction), while construction of residential buildings fell by 18%.
Within the
construction of civil engineering works, construction of harbours, waterways,
dams and other waterworks grew twice; notable increase was observed also in
construction of long-distance pipelines, communication and electricity lines
(of 67.7%) and construction of highways, streets and roads, airfield runways,
and railways (of 28.2%).
Within the
construction of non-residential buildings, significant rise was registered in
construction of wholesale and retail trade buildings (of 90%), construction of
office buildings (60.6%), construction of school, university and research
buildings (44.1%), as well as construction of industrial buildings and warehouses
(23.6%).
Construction output and changes thereof
|
Total (at current prices, mln EUR) |
JAN–SEP 2017, compared to JAN–SEP 2016, % (calendar adjusted data
at constant prices) |
Q3 2017, compared
to |
||
JAN–SEP
2017 |
Q3 2017 |
Q2 2017, % (seasonally adjusted data at constant prices) |
Q3 2016, % (calendar adjusted data at constant prices) |
||
Total |
1187.2 |
580.8 |
18.5 |
6.4 |
25.0 |
residential
buildings, total |
152.6 |
60.3 |
-8.8 |
-6.1 |
-18.0 |
non-residential
buildings, total |
512.5 |
226.0 |
17.8 |
9.9 |
25.2 |
hotels and
similar buildings |
31.4 |
12.7 |
-32.7 |
68.5 |
4.0 |
office
buildings |
78.7 |
33.0 |
18.8 |
28.1 |
60.6 |
wholesale and retail trade buildings |
39.5 |
19.2 |
63.3 |
52.9 |
90.0 |
production
buildings and warehouses |
102.1 |
42.0 |
41.5 |
2.5 |
23.6 |
school, university and research buildings |
65.8 |
42.5 |
46.4 |
30.3 |
44.1 |
hospital or institutional care buildings |
17.5 |
6.0 |
-24.9 |
11.6 |
-41.4 |
civil
engineering works, total |
522.1 |
294.6 |
30.9 |
8.9 |
39.6 |
highways, streets, roads, airfield runways, railways |
238.8 |
152.3 |
24.4 |
4.8 |
28.2 |
bridges
and tunnels |
14.0 |
6.7 |
-15.6 |
-40.7 |
-34.5 |
harbours
and dams |
42.7 |
20.9 |
83.3 |
16.8 |
117.3 |
long-distance pipelines, communication and electricity lines |
91.1 |
47.5 |
37.9 |
16.6 |
67.7 |
local
pipelines and cables |
98.9 |
49.0 |
43.7 |
-5.6 |
59.9 |
In the 3rd quarter
of 2017, 901 building permits2 were granted for the
construction, capital repairs, reconstruction and restoration of single
dwelling buildings with the total floor space of 179.7 thousand m2,
of which 699 permits were issued for construction of new buildings with the
intended floor space of 135.9 thousand m2 (297 permits
more than in the 3rd quarter of 2016).
In its turn,
81 building permits (2 times more than in the corresponding quarter of the
previous year) were granted for construction of industrial buildings and
warehouses with the total intended floor space of 169 thousand m2,
of which 48 building permits were issued for new construction with the
intended floor space of 72.9 thousand m2.
More information
on construction volume indices and building permits is available in the CSB
database section Construction.
1Own account construction works, including that
performed abroad.
2 Since the 4th quarter
of 2014, the term granted permits in construction statistics characterises the
number of records entered in the construction permit confirming that conditions
for commencement of construction work have been met.