Gold mine reserves by country worldwide 2023 | Statista (2024)

FAQs

Gold mine reserves by country worldwide 2023 | Statista? ›

Australia and Russia hold the largest reserves of gold

In 2023, China's mines produced an estimated 370 metric tons of gold. Accordingly, China is the largest gold producer in the world.

The United States holds the world's largest stockpile of gold reserves by a considerable margin of over 8,100 tons. The U.S. government has almost as many reserves as Germany, Italy, and France, which are the next three largest gold-holding countries combined.

Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Over 3,000 tonnes of gold were produced globally in 2023. In this graphic, we list the world's leading countries in terms of gold production.

The United States has the most gold reserves and has nearly as many reserves as the combined total of the next three countries with the largest gold holdings: Germany, Italy, and France. 2.

Countries such as Switzerland, Australia, and Canada are known for producing high-purity gold, while countries such as China and Russia are the largest producers of gold in the world. When it comes to jewelry, the purity and color of gold used can vary depending on the desired durability and aesthetic.

Australia and Russia hold the largest reserves of gold.

Located in South Africa, the Witwatersrand Basin represents the richest gold field ever discovered. It is estimated the 40% of all of the gold ever mined has come out of the Basin. In 1970, South Africa's output accounted for 79% of the world's gold production.

Where does the US keep its gold? ›

The United States Bullion Depository at Fort Knox, Kentucky is not a production facility – it stores precious metal bullion reserves for the United States. No visitors are permitted in the facility.

So, how much is one tonne of gold precious metal worth? A tonne, in 2022, would be priced at its highest over $65,000,000 and the lowest just under $52,000,000. To calculate how much one tonne of gold would be worth, you can multiply the kilo gold price by 1,000 for a rough figure.

What Country Has the Most Gold? The country with the most gold is the United States, with 8,133 metric tons in the American gold reserve. This amounts to a value of $480.84 billion, going by the price of gold at the beginning of January 2023.

So gold is in high demand, but will it run out any time soon? The Earth has a limited amount of gold in its crust and experts are estimating that it may be unsustainable to mine gold by 2050. Compared to the nearly 4,000-7,000 year history of humans mining gold, that's barely a blink of an eye.

China continues to reign supreme as the world's top gold producer in 2024, with an estimated output of 370 metric tons. This dominance can be attributed to several factors, including China's vast geographic area, rich mineral resources, and a long history of state-backed mining initiatives.

Leading countries based on gold exports 2022, based on value

In 2022, Switzerland's gold exports amounted to a value of more than 100 billion U.S. dollars. Switzerland is consistently the world's leading gold exporting country based on value.

Completely pure gold isn't practical to use for most purposes, since it's too soft. However, if you're curious, there are some countries that produce gold that's as close to pure as possible. The country with the purest gold in the world is Switzerland, a country known for paying attention to quality.