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CEOWORLD magazine - Latest - Stats Gate - RANKED: The World’s Largest Gold Producing Countries, 2023

Stats Gate

RANKED: The World’s Largest Gold Producing Countries, 2023

Gold Minning

Throughout history, gold has been recognized as a highly prized and esteemed metal. Its enduring value has been demonstrated time and time again, making it a sought-after commodity around the world. In the past, South Africa was renowned for its vast gold reserves, but in recent years, other nations such as China, Russia, Australia, and the United States have surpassed them in terms of gold production and reserves.

Investors often turn to gold during times of geopolitical crisis due to its rarity and ability to serve as a safe haven. Unlike currency, gold has a long-term storage value and is not subject to inflation, making it an effective hedge against economic uncertainty. Its historical value as a symbol of wealth and prestige has also contributed to its continued popularity as an investment option.

The element gold is quite rare, accounting for just 0.001 to 0.006 parts per million of the earth’s crust. It’s a precious metal that has been sought after for centuries due to its beauty and durability. However, it’s important to ask ourselves how much gold is being extracted from the earth each year and which countries are the top producers of this valuable resource.

Largest producers of gold in the world, 2023

RankCountryGold Production (tons)
1China420
2Australia330
3Russia310
4United States200
5Canada180
6Indonesia160
7Peru130
8Ghana130
9Mexico110
10South Africa101
11Uzbekistan100
12Kazakhstan100
13Sudan93.1
14Brazil85
15Argentina72
16Guinea71
17Papua New Guinea70
18Colombia65.23
19Mali60.08
20Burkina Faso50
21Tanzania48.2
22Dr Congo39
23Philippines38.6
24Chile38.5
25Turkey37.79
26Zimbabwe33.20
27Suriname32.79
28Ivory Coast32.4
29Dominican Republic31.8
30Guyana25.5
31Mongolia16.3
32Togo16
33Mauritania15.1
34Egypt14.9
35Nigeria14.2
36Panama11
37Senegal9
38Sweden8.1
39Tajikistan8.1
40New Zealand7.8
41Finland7.7
42Japan7.1
43Namibia6.6
44Zambia5.9
45Guatemala5
46Bulgaria5
47Saudi Arabia4.3
48Armenia4.2
49Spain3.6
50Ecuador3.5
51Uganda3
52Georgia3
53Azerbaijan2.79
54Malaysia2.12
55Honduras1.9
56Solomon Islands1.8
57Cameroon1.7
58Fiji1.41
59India1.4
60Eritrea1.4
61Uruguay1.2
62Niger1.10
63Botswana1
64Greece0.8
65Gabon0.67
66Serbia0.6
67Poland0.5
68Morocco0.4
69Romania0.4
70Kenya0.2
71Afghanistan0.04

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CEOWORLD magazine - Latest - Stats Gate - RANKED: The World’s Largest Gold Producing Countries, 2023
Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.