The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This report describes economic developments in the Solomon Islands during the 1990s. Developments in the real sector were dominated by a broad-based export boom, which stemmed, in large part, from a continuing increase in the rate of extraction of forestry resources. Although economic growth was spurred by surging fish exports in 1994-95, logging also made a significant contribution to growth, with log exports rising to a new record in 1995. Inflation eased somewhat in 1995, reflecting slowing import price increases and an increasing supply of local food crops.