Foreign direct investment in Lithuania has decreased
Statistics Lithuania informs that based on provisional data as of
1 April 2008 foreign direct investment (FDI) made
LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008 (LTL 34.60 billion). The per capita FDI equalled, on average, LTL 10.0 thousand (on 1 January 2008 – LTL 10.3 thousand).
The decrease in FDI was influenced by the decreased flow of FDI. In I quarter 2008, the flow of FDI was LTL 0.64 billion, or by 57.5 per cent less than in IV quarter 2007. The decrease in the flow of FDI was determined by a decrease in share capital and other capital on borrowing and lending of funds.
The bulk of investment fell per investors from Poland – LTL 5.34 billion (15.9 per cent of the total FDI), Denmark – LTL 4.24 billion (12.6 per cent), Sweden – LTL 4.23 billion (12.6 per cent), Russia – LTL 3.20 billion (9.5 per cent), Germany – LTL 3.06 billion (9.1 per cent), Estonia – LTL 2.10 billion (6.2 per cent), Finland – LTL 1.82 billion (5.4 per cent), Latvia – LTL 1.61 billion (4.8 per cent), the Netherlands – LTL 1.37 billion (4.1 per cent). Direct investment from EU-27 countries made LTL 27.03 billion (80.4 per cent), from the CIS countries – LTL 3.30 billion (9.8 per cent) of the total FDI.
As of 1 April 2008, the bulk of investment fell per manufacturing – 34.8 per cent (of which manufacture of oil and chemical products – 21.6 per cent), financial intermediation – 17.0 per cent, transport, storage and communication – 13.5 per cent, wholesale and retail trade – 11.7 per cent, real estate, rent and other business activities – 9.0 per cent, electricity, gas and water supply – 9.0 per cent of the total FDI.
Within manufacturing, the bulk of investment fell per oil products and manufacture of chemical products – LTL 7.28 billion (62.2 per cent of the total investment in manufacturing), manufacture of food products, beverages and tobacco – LTL 1.57 billion (13.4 per cent).
Table 1. FDI by economic activity
|
|
1 January 2008 |
1 April 2008 |
|
LTL billion |
per cent |
LTL billion |
per cent |
|
Total |
34.60 |
100 |
33.63 |
100 |
|
Agriculture, forestry, fishery |
0.19 |
0.5 |
0.21 |
0.6 |
|
Mining and quarrying |
0.19 |
0.5 |
0.21 |
0.6 |
|
Manufacturing |
12.57 |
36.3 |
11.70 |
34.8 |
|
Electricity, gas and water supply |
3.21 |
9.3 |
3.01 |
9.0 |
|
Construction |
0.55 |
1.6 |
0.59 |
1.7 |
|
Wholesale and retail trade; repairs of household appliances |
3.96 |
11.5 |
3.94 |
11.7 |
|
Hotels and restaurants |
0.26 |
0.8 |
0.27 |
0.8 |
|
Transport, storage and communications |
4.44 |
12.8 |
4.53 |
13.5 |
|
Financial intermediation |
5.95 |
17.2 |
5.71 |
17.0 |
|
Real estate and other business activities |
2.90 |
8.4 |
3.03 |
9.0 |
|
Other business activities |
0.38 |
1.1 |
0.43 |
1.3 |
As of 1 April 2008, Lithuanian enterprises’ direct investment abroad made LTL 4.40 billion, or by 19.3 per cent more than on 1 January 2008 (LTL 3.69 billion). Most of all – LTL 1.18 billion (26.8 per cent of the total direct investment abroad) – was invested in Latvia, Russia – LTL 0.47 billion (10.7 per cent), Poland – LTL 0.41 billion (9.3 per cent), the Netherlands – LTL 0.40 billion (9.0 per cent), Ukraine – LTL 0.38 billion (8.6 per cent), Bulgaria – LTL 0.34 billion (7.8 per cent), Estonia – LTL 0.28 billion (6.4 per cent).
Lithuania’s direct investment in EU-27 countries made LTL 3.18 billion (72.3 per cent of Lithuania’s direct investment abroad), in CIS countries – LTL 0.91 billion (20.7 per cent).
As far as investment abroad is concerned, Lithuanian enterprises mostly invested in real estate, renting and other business enterprises – LTL 1.71 billion (38.8 per cent of the total direct investment abroad), financial intermediation – LTL 0.78 billion (17.8 per cent), manufacturing – LTL 0.72 billion (16.4 per cent), wholesale and retail trade – LTL 0.50 billion (11.3 per cent), transport, storage and communication – LTL 0.33 billion (7.4 per cent). Within manufacturing, the bulk of investment fell per manufacture of chemical products – LTL 0.35 billion (48.1 per cent of the total direct investment in manufacturing abroad), food products, beverages and tobacco – LTL 0.18 billion (25.2 per cent).
Provisional data on direct investment as of 1 July 2008 will be published on 10 October 2008.