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Monday 21.08.2017 | Name days: Linda, Janīna
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Production value of Latvian enterprises on a rise

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2013 enterprises manufactured production with the total value of EUR 29.1 billion at current prices.

As compared to 2012 the production value of enterprises increased by 4%, of which in construction – by 10.7%, in trade – by 5.4%, in services – by 4.5% and in industry – by 0.1%, according to data compiled by the Central Statistical Bureau of Latvia.

The majority of production value is comprised by production manufactured by enterprises in services sector – EUR 10.1 billion or 34.7% of total value – and in industry sector – EUR 9.8 billion (33.8%). Production value manufactured by trade enterprises was EUR 4.9 billion or 16.9% of the total value, but construction enterprises manufactured production in the amount of EUR 4.3 billion (14.6%).

The greatest share of value added was produced in the services sector – EUR 3.9 billion or 40.6% of the total volume calculating at current prices. It was followed by enterprises of industrial and trade sector – EUR 2.8 billion (28.8%) and EUR 2.1 billion (21.9%), respectively. In construction this indicator comprised EUR 0.8 billion or 8.6% of the total volume.

In 2013, EUR 4.7 billion or 49.2% of value added was comprised by gross operating surplus which, compared to the previous year, has not changed significantly. In the structure of value added personnel costs comprised 50.8% and, compared to the previous year, they have gone up by 8.8%.

In 2013 each person employed produced value added in amount of EUR 16.3 thousand and, compared to 2012, it rose by 1.7%, of which in construction – by 5.9%, in services sectors – by 1.6%, in trade – by 1.5% and in industry – by 0.4%. The largest share of value added per one employed person was in industry – EUR 19.3 thousand, which was followed by services – EUR 16.9 thousand, trade – EUR 13.8 thousand and construction – EUR 13.3 thousand.

Enterprise expenditure structure in 2013 shows that the largest expenditure share was formed by costs for purchase of goods and services – EUR 43.7 billion (at current prices) or 84.4% and, compared to 2012, they increased by 4.4%. But personnel costs comprised EUR 4.9 billion (9.4% of total costs) and, compared to the previous year, they rose by 8.8%. Gross investment in tangible goods – EUR 3.2 billion (6.2% of total costs) which, compared to 2012, reduced by 4.6%.

Ref: 102.109.109.5322


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