 With one of the largest and most diversified economies in the Middle East, which is projected to become one of the largest in the world in the 21st century, Egypt has the third-largest economy in Africa, the world's 40th-largest economy by nominal GDP, and the 19-largest by PPP.Egypt is a founding member of the United Nations, the Non-Aligned Movement, the Arab League, the African Union, and the Organisation of Islamic Cooperation.The English name "Egypt" is derived from the Ancient Greek "" (""), via Middle French "Egypte" and Latin "".