Construction output up by a fifth in Latvia in 2023

The latest Central Statistical Bureau calendar-adjusted data at constant prices, published on February 9, show that in 2023, compared to 2022, construction output rose by 18.9 %. 

Output in the construction of buildings increased by 26.8 %, in specialized construction activities by 17.8 %, and in civil engineering by 10.8 %.

In Q4 2023, compared to Q4 2022, construction output rose by 25.7 % (calendar adjusted data at constant prices). Increased output was registered in civil engineering (up by 32.5 %), construction of buildings (up by 26.7 %) as well as specialized construction activities (up by 19.5 %). 

Higher construction output in civil engineering was facilitated by an upturn in the construction of utility projects (52.4 %), construction of other civil engineering projects not elsewhere classified (water projects and other civil engineering not elsewhere classified) (32.4 %), and construction of roads and railways (22.7 %).

Among specialized construction activities, a notable rise was registered in electrical, plumbing and other construction installation activities (29.1 %), other specialized construction activities (24.6 %), and demolition and site preparation (9.9 %). However, output in building completion and finishing (plastering, floor and wall covering, painting and glazing, etc.) dropped by 4.7 %.

In Q4 2023, compared to Q3 2023, construction output rose by 4.7 % (seasonally adjusted data at constant prices). Construction of buildings went up by 1.8 %, civil engineering by 29.5 %, and specialized construction activities by 3.6 %.

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In 2023, 3133 building permits were granted for the construction, capital repairs, reconstruction and restoration of residential buildings with the intended area of 829 thousand m2 (2537 permits for the construction of new buildings with the intended area of 650 thousand m2).Out of the number, 2073 permits were granted for the construction of one-dwelling buildings with the intended area of 429 thousand m2.

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