Central Bank Gold Reserves

The Top Twelve Central Banks Gold Reserve Holdings

The Top Twelve Central Banks Gold Reserve Holdings

With China and India acquiring gold it is interesting to see that the United States still holds almost eight times the gold that China does and more than fourteen times India’s reserves.

Of note is that the United States has 78% of its foreign reserves in gold. Of the countries listed below only Greece (91.6%), Portugal (90.3%), and the Slovak Republic (83.3) have higher rates. However, China has only 1.8% of its foreign reserves in gold. India is looking a little better at 6%.

Only the top 50 countries by gold reserves are listed below. Of course the IMF and a few others are not countries but they do own substantial holdings.

Click on the column headers to sort.

Country Tons1 Percent2 $ Billion3
United States 8,966 78.3 313.80
Germany 3,762 69.5 131.66
IMF 3,546 N/A 124.13
Italy 2,703 66.1 94.59
France 2,701 73.0 94.55
China 1,162 1.8 40.66
Switzerland 1,147 37.1 40.13
Japan 843 2.1 29.52
Netherlands 675 61.4 23.63
Russia 592 4.0 20.71
India 615 6.0 21.52
ECB 553 18.3 19.34
Taiwan 467 3.8 16.34
Portugal 422 90.3 14.76
Venezuela 393 36.5 13.75
United Kingdom 342 17.9 11.97
Lebanon 316 26.8 11.07
Spain 310 39.0 10.86
Austria 309 56.3 10.80
Belgium 251 40.4 8.78
Algeria 191 3.4 6.70
Philippines 170 11.2 5.94
Libya 159 4.3 5.55
Saudi Arabia 158 11.9 5.52
Sweden 146 13.5 5.10
Singapore 140 2.1 4.92
South Africa 137 10.4 4.81
BIS 132 N/A 4.63
Turkey 128 4.9 4.48
Greece 124 91.6 4.34
Romania 114 8.1 4.00
Poland 114 4.8 3.97
Thailand 93 2.0 3.24
Australia 88 7.0 3.08
Kuwait 87 18.6 3.05
Egypt 83 6.3 2.92
Indonesia 81 3.8 2.82
Kazakhstan 80 10.6 2.80
Denmark 73 4.0 2.57
Pakistan 72 17.5 2.52
Argentina 60 3.4 2.11
Finland 54 17.7 1.89
Bulgaria 44 7.2 1.54
WAEMU 40 10.6 1.41
Malaysia 40 1.2 1.40
Peru 38 3.2 1.34
Brazil 37 0.5 1.30
Slovak Republic 35 83.3 1.23
Bolivia 31 10.4 1.09
Ukraine 29 3.1 1.03

Not all countries are listed.

Notes

1. 1 tonne = 1.10231131 short tons.
2. Percentage share in gold of total foreign reserves.
3. 1 short ton = 29,167 troy ounces. Worth is calculated at $1,200 per troy ounce.

Sources

“International Financial Statistics,” International Monetary Fund, 2009.
Gold reserve“, Wikipedia.
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