The_Open_Door_deel1

Year
1971
1972
1973
1974
1975
1976
FOREIGN
(in
Interest
Public
Debt
5.5
4.6
3.9
4.3
4.9
4.6
-438-
TABLE 69
FACTOR PAYMENTS
millions of U.S.
Private
Profits
And
Interests
55.4
63.6
56.0
85.4
122.9
80.3
1971 - 1976
dollars)
Sector
Workers
Remittances
19.2
20.0
20.0
22.0
24.5
25.0
Grand
Total
Source:
- Ministry of Planning and Economic Affairs, Monrovia.
80.1
88.2
79.9
111.7
152.3
109.9
and Liberians, both employed in the monetary sector. In 1978,
e.g. an expatriate (non-African) working in the iron ore sector
earned nine times as much as his colleague, Liberian or
other African (32). Unfortunately, there is no information
available concerning the remuneration of expatriate and African
personnel at the same level of responsibility, education
and experience.
The Distribution of National Income and the Incidence of Taxes
There are also considerable differences between the per capita
income in the traditional (subsistence) sector and the monetary
sector comprising only Liberians. Whereas approximately
0,5 million people had an average per capita income of about
$ 978 per year in 1978 the large majority of the Liberian population,
about 70 percent, or some 1.2 million people, had an
average per capita income of only S 142 in the same year (33).
Thus, the National Income, including both the traditional and
modern sectors of the economy, is very unequally divided:
nearly 75 percent of it went to about 30 percent of the population
whereas 70 percent of the population shared the remaining
25 percent of the National Income.
There are no other recent figures available which afford a
further insight into the distribution of the National Income.
It goes without saying that not everybody who is employed in
the monetary sector, an estimated 150,000 people in 1978 (34) >
received the same remuneration. The distribution of income in
this sector is closely related> in the first place, to training
and education, type of work, and level of responsibility.
But in Liberia, the distribution of income is also related