Latvia Infrastructure Report 2014

Latvia Infrastructure Report 2014 Market: New industry data published

Companies & Markets

31.07.2014 15:33:01 - Latvia Infrastructure Report 2014 - a new market research report on

( - Although economic fundamentals in Latvia remain fairly supportive, we see only modest opportunities for growth in the country´s construction sector. We anticipate industry growth to slow over the forecast period, with average year-on-year (y-o-y) growth of 4.8% expected between 2014 and 2023.

The residential and non-residential construction sector will gradually regain its dominance in the overall industry at the expense on


the infrastructure sub-segment, which will struggle with limited funding.

In 2013, we estimate the construction sector to have grown by a further 9.0% y-o-y in real terms, as confidence in the sector is very much intact. The construction sector posted impressive growth during the first three quarters of 2013, with output up by 9.8% y-o-y, 5.3% y-o-y and 11.6% y-o-y respectively during Q113, Q213 and Q313, according to Latvia Statistics estimates.

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