The Estonian economy with a population of 1.294 Million (Census 2011) ranks 106th in the world. It has a GDP PPP of 27.3 billion(IMF 2012 and GDP PPP per capita of 20,379 vs 48,328 (United States) according to the IMF in 2011. Its currency is the euro (EUR) which is used by select countries within the European Union. Bank deposit account products issued with a fixed interest for an indicated term in Estonia are called term deposit accounts. According to CIA.gov data the inflation rate in Estonia was 3.3% (2012 est.) and 5% (2011 est.)