Construction sector in Latvia boomed nearly 20% in 2017

The latest data compiled by the Central Statistical Bureau (CSB) show that, compared to 2016, in 2017 construction output increased by 19.5 % (according to calendar adjusted data at constant prices).  Construction output at current prices amounted to 1.7 billion euros.

"The construction output rise was influenced by the output increase of 30.6 % in construction of civil engineering works. Output growth was recorded almost in all types of civil engineering works: construction of highways, streets and roads, airfield runways, and railways (of 28.2 %), construction of harbors, waterways, dams and other waterworks (of 51.4 %). Significant output increase was observed also in construction of long-distance pipelines, communication and electricity lines (of 49.5 %), construction of local pipelines and cables (41.0 %) and construction of other civil engineering works (81.7 %)," the CSB said in an explanation of the data.

Latvia construction data 2017

Construction of buildings went up by 11.8 %, which was because of the output rise in construction of non-residential buildings (of 20.2 %). However, construction of residential buildings fell by 11.0 %.

In 2017, 2,540 building permits were granted for the construction, capital repairs, reconstruction and restoration of single dwelling buildings with the total floor space of 531,000 m2.

In its turn, 202 building permits were granted for construction of industrial buildings and warehouses with the total intended floor space of 336,000 m2.

 

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