The Italian economy with a population of 60.4 Million (Est 2010) ranks 10th in the world with a GDP PPP of 1.77 trillion and GDP PPP per capita of 29,418 vs 47,123 (United States) according to the IMF in 2010. Its national currency is the Euro (EUR). Bank deposits held for a fixed term in Italy are mostly certificates of deposits. According to CIA.gov its estimated inflation was 0.8% in 2009 and 1.4% in 2010.