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CEOWORLD magazine - Latest - Special Reports - Report: Countries with the most gold reserves, 2025

Special Reports

Report: Countries with the most gold reserves, 2025

Gold reserves

Today, many countries hold substantial amounts of gold in their reserves. This precious metal is recognized as a highly secure investment, especially during periods of economic uncertainty. According to the latest data from CEOWORLD magazine, the United States, Germany, and Italy dominate the rankings of countries with the largest gold holdings in their central banks. The United States firmly stands at the forefront with over 8,000 tons of gold, far exceeding all other nations.

Germany holds the second-largest gold reserve in the world, boasting approximately 3,300 tonnes. As a historic economic powerhouse, Germany understands the critical role gold plays as a hedge against inflation and financial instability, effectively safeguarding its wealth. In times of economic crises, gold is a proven safe haven, which underscores Germany’s commitment to maintaining substantial reserves.

Italy, with just under 2,400 tones of gold, firmly establishes itself in this arena as well. The country has regarded its gold reserves as a vital component of its economic policy for decades. Like Germany, Italy recognizes gold as an essential asset for ensuring financial security. During periods of financial turmoil, having a robust gold reserve provides Italy with a dependable safety net.

Countries with the most gold reserves, 2025

RankCountryRegionSub-regionGold holdings(in metric tons)
1United StatesAmericasNorth America8133
2GermanyEuropeWest Europe3352
3ItalyEuropeSouth Europe2452
4FranceEuropeWest Europe2437
5RussiaEuropeEast Europe2336
6ChinaAsiaEast Asia2264
7SwitzerlandEuropeWest Europe1040
8IndiaAsiaSouth Asia854
9JapanAsiaEast Asia846
10NetherlandsEuropeWest Europe612
11Turkey (Türkiye)AsiaWest Asia595
13TaiwanAsiaEast Asia423
14PolandEuropeEast Europe420
15PortugalEuropeSouth Europe383
16UzbekistanAsiaCentral Asia374
17Saudi ArabiaAsiaWest Asia323
18United KingdomEuropeNorth Europe310
19KazakhstanAsiaCentral Asia296
20LebanonAsiaWest Asia287
21SpainEuropeSouth Europe282
22AustriaEuropeWest Europe280
23ThailandAsiaSouth-East Asia235
24SingaporeAsiaSouth-East Asia228
25BelgiumEuropeWest Europe227
26AlgeriaAfricaNorth Africa174
27Venezuela (Bolivarian Republic of)AmericasSouth America161
28IraqAsiaWest Asia152
29LibyaAfricaNorth Africa147
30BrazilAmericasSouth America130
31PhilippinesAsiaSouth-East Asia128
32EgyptAfricaNorth Africa127
33SwedenEuropeNorth Europe126
34South AfricaAfricaSouth Africa125
35MexicoAmericasCentral America120
36GreeceEuropeSouth Europe115
37HungaryEuropeEast Europe110
38QatarAsiaWest Asia110
39South KoreaAsiaEast Asia104
40RomaniaEuropeEast Europe104
41AustraliaOceaniaOceania79.87
42KuwaitAsiaWest Asia78.97
43IndonesiaAsiaSouth-East Asia78.57
44United Arab EmiratesAsiaWest Asia74.37
45JordanAsiaWest Asia68.78
46DenmarkEuropeNorth Europe66.55
47Pakistan (Islamic Republic of)AsiaSouth Asia64.72
48ArgentinaAmericasSouth America61.74
49BelarusEuropeEast Europe54.02
50FinlandEuropeNorth Europe49.02
51SerbiaEuropeSouth Europe47.26
52Czech Republic (Czechia)EuropeEast Europe46.42
53CambodiaAsiaSouth-East Asia42
54BulgariaEuropeEast Europe40.87
55MalaysiaAsiaSouth-East Asia38.88
56Bolivia (Plurinational State of)AmericasSouth America34.79
57PeruAmericasSouth America34.67
58SlovakiaEuropeEast Europe31.69
59UkraineEuropeEast Europe27.37
60EcuadorAmericasSouth America26.28
61KyrgyzstanAsiaCentral Asia25.96
62SyriaAsiaWest Asia25.82
63MoroccoAfricaNorth Africa22.12
64AfghanistanAsiaSouth Asia21.87
65NigeriaAfricaWest Africa21.37
66BangladeshAsiaSouth Asia14.26
67CyprusEuropeWest Asia13.9
68MauritiusAfricaEast Africa12.42
69IrelandEuropeNorth Europe12.04
70GhanaAfricaWest Africa8.74
71TajikistanAsiaCentral Asia8.46
72ParaguayAmericasSouth America8.19
73NepalAsiaSouth Asia7.99
74Myanmar [Burma]AsiaSouth-East Asia7.27
75GuatemalaAmericasCentral America6.89
76North MacedoniaEuropeSouth Europe6.89
77TunisiaAfricaNorth Africa6.84
78LatviaEuropeNorth Europe6.66
79LithuaniaEuropeNorth Europe5.82
80ColombiaAmericasSouth America4.68
81BahrainAsiaWest Asia4.67
82MozambiqueAfricaEast Africa3.94
83MongoliaAsiaEast Asia3.88
84AlbaniaEuropeSouth Europe3.42
85SloveniaEuropeSouth Europe3.17
87LuxembourgEuropeWest Europe2.24
88Hong Kong (China)AsiaEast Asia2.08
89IcelandEuropeNorth Europe1.98
90Papua New GuineaOceaniaOceania1.96
91Trinidad and TobagoAmericasCaribbean1.95
92HaitiAmericasCaribbean1.81
93YemenAsiaWest Asia1.56
94Bosnia and HerzegovinaEuropeSouth Europe1.49
95El SalvadorAmericasCentral America1.37
96SurinameAmericasSouth America1.21
97HondurasAmericasCentral America0.7
98Dominican RepublicAmericasCaribbean0.57
99Sri LankaAsiaSouth Asia0.47
100MalawiAfricaEast Africa0.4
101ChileAmericasSouth America0.25
102EstoniaEuropeNorth Europe0.25
103MaliAfricaWest Africa0.19
104UruguayAmericasSouth America0.1
105BurundiAfricaEast Africa0.03
106FijiOceaniaMelanesia0.03
107KenyaAfricaEast Africa0.02

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CEOWORLD magazine - Latest - Special Reports - Report: Countries with the most gold reserves, 2025
Katherina Davis
Deputy News Editor at CEOWORLD Magazine. Covering money, work, and lifestyle stories. Covering issues of importance to public company nominating and corporate governance committees, including new director recruitment, board evaluations, onboarding, director compensation and overall corporate governance. More recently, I have joined the newsletters team, writing and editing some of the CEOWORLD Magazine's key reader emails.