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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%.

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

Production value by main kind of economic activity in 2010 – 2013 (bln EUR)

Data source: Central Statistical Bureau of Latvia

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

Value added by main kind of economic activity in 2013 (%)

Data source: Central Statistica Bureau of Latvia

In 2013, EUR 4.7 bln or 49.2% of value added was comprised by gross operating surplus^[2] 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 thsd 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 thsd, which was followed by services – EUR 16.9 thsd, trade – EUR 13.8 thsd and construction – EUR 13.3 thsd.

Value added per one employed person by kind of economic activity in 2010 – 2013 (thsd EUR)

Data source: Central Statistical Bureau of Latvia

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

Expenditure structure of enterprises in 2013 by main kind of economic activity (%)

Data source: Central Statistical Bureau of Latvia

Data from structural business statistics survey cover indicators of activity of economically active market sector enterprises operating in industry, construction, trade and services, self-employed natural persons, excluding financial sector enterprises.

More information on enterprise key indicators by main kind of economic activity can be found in the CSB database.

^[1] Data on production value, value added, gross output, purchase of goods and services, personnel costs and gross capital investment in tangible assets.

^[2] Gross operating surplus – surplus generated by economic activities after the labour factor input has been recompensed.