Top 50 countries with largest gold reserves

Gold reserves are the amount of bullion that is held by the central bank or the treasury of the country. It contributes to the nation’s creditworthiness in the issuance of currency and bonds. Gold reserves that are held by the government should be distinguished from gold held by individuals or private institutions.

According to the World Gold Council, the official gold reserves in the whole world amount to almost 35,000 tons, or 13 percent of total official reserves (as of Q1 2020). The concept of holding gold reserves started more than a century ago. Countries then strictly adhered to a practice known as the gold standard.

After this brief introduction, let’s see now the ranking of the 50 countries that have the largest gold reserves in the world.

At the top of the ranking of the countries that have the most gold in the world are the USA with 8133 tons of gold, followed by Germany with 3367 tons and Italy with 2452 tons. In fourth place is France with 2436 tons, followed by Russia with 2279 tons and China with 1948 tons of gold.

In the last three places of the gold reserve ranking we find Qatar with 42 tons, Bulgaria with 41 tons and Malaysia with 39 tons of gold.

RankCountryTonnes
1United States8.133
2Germany3.367
3Italy2.452
4France2.436
5Russian Federation2.279
6China1.948
7Switzerland1.040
8Japan765
9India635
10Netherlands612
11Turkey429
12Taiwan422
13Kazakhstan387
14Portugal383
15Uzbekistan334
16Saudi Arabia323
17United Kingdom310
18Lebanon287
19Spain282
20Austria280
21Poland229
22Belgium227
23Philippines198
24Algeria174
25Venezuela161
26Thailand154
27Singapore127
28Sweden126
29South Africa125
30Mexico120
31Libya117
32Greece114
33Republic of Korea105
34Romania104
35Iraq96
36Australia80
37Egypt79
38Kuwait79
39Indonesia78
40Brazil68
41Denmark67
42Pakistan65
43Argentina62
44Finland49
45Belarus49
46Jordan44
47Bolivia43
48Qatar42
49Bulgaria41
50Malaysia39

The data on the gold reserves of the various countries have been collected on the main financial sites and are from April 2020.

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