It is if we believe the assertion in an NYT article that it has an underground economy equal to 30 percent of GDP. The CIA Factbook puts it per capita income at $32,000 a year on a purchasing power parity basis. If its underground economy is equal to 30 percent of GDP, then its true per capita income would be $41,600. This would put it about 6 percent above the $39,100 income reported for Canada.
--Dean Baker
