The Taiwanese economy with a population of 23 Million (Est 2010) ranks 19th in the world with a GDP PPP of 736 billion and GDP PPP per capita of 31,776 vs 45,934 (United States) according to the IMF in 2009. Its currency is the New Taiwan dollar (TWD) (NT$). Bank deposits held for a fixed term in Taiwan are called time deposits. According to CIA.gov its inflation was 3.5% in 2008 and -0.9% in 2009.