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Top 20 Countries With The Largest Gold Reserves, 2019

As of December 2018, the United States has the most gold in the world – nearly as much as the next three countries combined. TheU S holds the number one spot with over 8,000 tonnes of gold in its vaults.

This was more than twice the gold reserves of Germany (3,370 metric tons)and more than three times the gold reserves of Italy (2, 452 metric tons) and France (2, 436 metric tons). Russia was ranked 5th for the amount of gold it has on reserve.

To identify countries that control the world’s gold, CEOWORLD magazine reviewed numerous national and international media reports. Additionally, we reviewed data from the World Gold Council and the International Monetary Fund.

Below are the top 20 countries with the largest gold holdings:

RankCountryGold reserves (US$, Q4 2018 )Gold reserves (Metric tonnes, Q4 2018)GDP (US$million)GDP per capita (US$)Population
1United States$334.5 billion81332051300059792325.7 million
2Germany$138.6 billion337040291404476982.7 million
3Italy$100.8 billion245220869113199660.6 million
4France$100.2 billion243627946963993267.1 million
5Russia$86.9 billion2113157648810955144.5 million
6China$76.2 billion18531345726786431.4 billion
7Switzerland$42.8 billion1040709118806378.5 million
8Japan$31.5 billion765507062638448126.8 million
9Netherlands$25.2 billion6129098874855517.3 million
10India$24.7 billion600268999219831.3 billion
11Taiwan$17.4 billion4246026782429223.58 million
12Portugal$15.7 billion3832379622115810.3 million
13Uzbekistan$14.6 billion35543303149132.4 million
14Kazakhstan$14.4 billion350184209876218.0 million
15Saudi Arabia$13.3 billion3237698782109632.9 million
16United Kingdom$12.8 billion31028088993980066.0 million
17Lebanon$11.8 billion28756709120136.1 million
18Spain$11.6 billion28214370472835846.6 million
19Austria$11.5 billion280459401473478.8 million
20Turkey$10.4 billion2547135131053780.7 million
Top 20 Countries With Largest Gold Reserves, 2019


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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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