Egypt Economy

The Egyptian economy with a population of 79 Million (Est 2010) ranks 26th in the world with a GDP PPP of 498 billion and GDP PPP per capita of 6,367 vs 47,123 (United States) according to the IMF in 2010. Its currency is the Egyptian Pound (EGO). Bank deposits held for a fixed term in Egypt are called time deposits. According to its inflation was 18.3% in 2008 and 11.8% in 2009.