U.S. and Germany Hold 82% Gold Reserve Shares as China Mines 380 Tonnes but Keeps 8.6%
Updated
Updated · Visual Capitalist · Aug 18
U.S. and Germany Hold 82% Gold Reserve Shares as China Mines 380 Tonnes but Keeps 8.6%
3 articles · Updated · Visual Capitalist · Aug 18
Summary
December 2025 data show the U.S. and Germany at the top of central-bank gold allocation, with gold making up 82.4% and 82.2% of reserves, ahead of France at 79.9% and Italy at 79.3%.
China illustrates the gap between stockpile size and reserve weight: it holds 2,306 tonnes—the fourth-largest total in the ranking—but gold accounts for just 8.6% of its reserves, close to Japan’s 8.7%.
Canada stands out at the bottom with 0 tonnes and a 0% gold share despite being a major producer; it sold its last reserves in 2016 after decades of shifting toward liquid, interest-bearing foreign assets.
Separate reserve and production rankings underline gold’s split geography: Australia has the largest known gold reserves at 13,000 metric tons, while China remained the top 2024 producer at 380.2 tonnes.