Construction output down by 6.2% in Latvia in 2021

The latest data published February 9 by the Central Statistical Bureau of Latvia (CSB) show that in 2021, compared to 2020, construction output1 according to calendar adjusted data at constant prices decreased by 6.2 %. 

Construction output decreased in construction of buildings - by 10.5%, in civil engineering - by 5%, and in specialized construction activities - by 2.7%.

In the 4th quarter of 2021, compared to the 4th quarter of 2020, construction output according to calendar adjusted data at constant prices decreased by 11%. Construction output decreased in civil engineering by 17.7%, in construction of buildings - by 8.6%, and in specialized construction activities - by 6.9%.

The fall in output in civil engineering was driven by a decrease of 28.9 % in construction of roads and railways and by 7.9 % in utility projects, while in other civil engineering (construction of water projects and other civil engineering projects n.e.c.) production output increased by 70%.

In the 4th quarter of 2021, compared to the 3rd quarter of 2021, construction output fell by 3.5 % according to seasonally adjusted data at constant prices, of which in civil engineering - by 9.9 %, in specialized construction activities - by 8.2 % and in construction of buildings it rose by 5.7 %.

In 2021, 3387 building permits were issued for building permits for construction, capital repairs, reconstruction and restoration of residential buildings with the total floor space of 924 thousand square metres (including 2787 building permits issued for new construction with the intended floor space of 703 thousand square meters). 2 270 building permits were issued for the construction of new single-apartment houses (intended floor space of 462 000 square metres).

For the construction of non-residential buildings, major repairs, reconstruction and restoration, 1 585 building permits were issued for a total area of 1 826 thousand square metres (1 142 building permits for new construction with intended floor space of 861 thousand square metres). 243 building permits were issued for industrial buildings and warehouses with a total area of 493 thousand square metres, of which 164 - for new buildings with a total area of 329 thousand square metres.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Most important

Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue