Gold Production by Country 2022

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Gold is a chemical element that, in its purest form, is a bright, slightly reddish-yellow, dense, soft, malleable, and ductile metal. The element symbol for gold is Au, and it has atomic number 79 on the periodic table. Gold has many uses, thanks to its ductility and malleability, such as being used in electronics, dentistry, radiation shielding, and wiring. Additionally, it can also be eaten in foods or drinks, despite being a heavy, dense metal.

Gold has monetary and symbolic value. Pure elemental gold is 24 karat, 75% pure gold is 18 karat, 58% pure gold is 14 karat, and 41.7% pure gold is 10 karat. The content of pure gold is typically used to determine the value of jewelry. The United States once used the gold standard, which a monetary system where a country’s currency or paper money has a value directly linked to gold. This, however, was abandoned in 1933.

It is believed that gold mining has been done for almost 7,000 years and that the Egyptians were the first to smelt gold around 3,600 B.C. Years later, hold jewelry appeared. Throughout history, gold has been of great value to humans, inspiring gold rushes and leading to wars.

As of November 2019, gold is valued at $1,500 per ounce. Jewelry accounts for about half of gold demand, while the rest is from investment demand and industrial uses. During times of recession or economic uncertainty, investors often turn to investing in gold because of its enduring value, protecting against currency devaluation or inflation. Gold also receives a demand from exchange traded funds (ETFs), which hold the gold and issue shares that investors can buy and sell.

Gold production remains vital around the world. The world’s gold production affects the price of gold based on the law of supply and demand. The largest gold-producing countries in the world are:

  1. China (399.7 tonnes)
  2. Australia (312.2 tonnes)
  3. Russia (281.5 tonnes)
  4. United States (253.2 tonnes)
  5. Canada (193.0 tonnes)
  6. Indonesia (190.0 tonnes)
  7. Peru (155.4 tonnes)
  8. South Africa (123.5 tonnes)
  9. Mexico (121.6 tonnes)
  10. Ghana (101.8 tonnes)

China is currently the world’s largest producer of gold, producing 399.7 tonnes of gold in 2018 and accounting for 12% of the global mine production. China is experiencing a downtrend in production, with 2018’s production being 6% less than in 2017. This is due to the government’s tighter environmental policies.

Worldwide, the increase in gold has slowed since 2016, due in part to the fact that the “easy gold,” or easily accessible gold, is has already been mined. Gold is now more challenging to mine, which raises additional problems such as miner safety and environmental impacts

Gold Production by Country 2022

Country 2022 Population
China1,425,887,337
India1,417,173,173
United States338,289,857
Indonesia275,501,339
Pakistan235,824,862
Nigeria218,541,212
Brazil215,313,498
Bangladesh171,186,372
Russia144,713,314
Mexico127,504,125
Japan123,951,692
Ethiopia123,379,924
Philippines115,559,009
Egypt110,990,103
DR Congo99,010,212
Vietnam98,186,856
Iran88,550,570
Turkey85,341,241
Germany83,369,843
Thailand71,697,030
United Kingdom67,508,936
Tanzania65,497,748
France64,626,628
South Africa59,893,885
Italy59,037,474
Myanmar54,179,306
Kenya54,027,487
Colombia51,874,024
South Korea51,815,810
Spain47,558,630
Uganda47,249,585
Sudan46,874,204
Argentina45,510,318
Algeria44,903,225
Iraq44,496,122
Afghanistan41,128,771
Poland39,857,145
Ukraine39,701,739
Canada38,454,327
Morocco37,457,971
Saudi Arabia36,408,820
Angola35,588,987
Uzbekistan34,627,652
Peru34,049,588
Malaysia33,938,221
Yemen33,696,614
Ghana33,475,870
Mozambique32,969,518
Nepal30,547,580
Madagascar29,611,714
Venezuela28,301,696
Ivory Coast28,160,542
Cameroon27,914,536
Niger26,207,977
Australia26,177,413
North Korea26,069,416
Taiwan23,893,394
Burkina Faso22,673,762
Mali22,593,590
Syria22,125,249
Sri Lanka21,832,143
Malawi20,405,317
Zambia20,017,675
Romania19,659,267
Chile19,603,733
Kazakhstan19,397,998
Ecuador18,001,000
Guatemala17,843,908
Chad17,723,315
Somalia17,597,511
Netherlands17,564,014
Senegal17,316,449
Cambodia16,767,842
Zimbabwe16,320,537
Guinea13,859,341
Rwanda13,776,698
Benin13,352,864
Burundi12,889,576
Tunisia12,356,117
Bolivia12,224,110
Belgium11,655,930
Haiti11,584,996
Jordan11,285,869
Dominican Republic11,228,821
Cuba11,212,191
South Sudan10,913,164
Sweden10,549,347
Czech Republic10,493,986
Honduras10,432,860
Greece10,384,971
Azerbaijan10,358,074
Portugal10,270,865
Papua New Guinea10,142,619
Hungary9,967,308
Tajikistan9,952,787
Belarus9,534,954
United Arab Emirates9,441,129
Israel9,038,309
Austria8,939,617
Togo8,848,699
Switzerland8,740,472
Sierra Leone8,605,718
Laos7,529,475
Hong Kong7,488,865
Serbia7,221,365
Nicaragua6,948,392
Libya6,812,341
Bulgaria6,781,953
Paraguay6,780,744
Kyrgyzstan6,630,623
Turkmenistan6,430,770
El Salvador6,336,392
Singapore5,975,689
Republic of the Congo5,970,424
Denmark5,882,261
Slovakia5,643,453
Central African Republic5,579,144
Finland5,540,745
Lebanon5,489,739
Norway5,434,319
Liberia5,302,681
Palestine5,250,072
New Zealand5,185,288
Costa Rica5,180,829
Ireland5,023,109
Mauritania4,736,139
Oman4,576,298
Panama4,408,581
Kuwait4,268,873
Croatia4,030,358
Georgia3,744,385
Eritrea3,684,032
Uruguay3,422,794
Mongolia3,398,366
Moldova3,272,996
Puerto Rico3,252,407
Bosnia And Herzegovina3,233,526
Albania2,842,321
Jamaica2,827,377
Armenia2,780,469
Lithuania2,750,055
Gambia2,705,992
Qatar2,695,122
Botswana2,630,296
Namibia2,567,012
Gabon2,388,992
Lesotho2,305,825
Slovenia2,119,844
Guinea Bissau2,105,566
North Macedonia2,093,599
Latvia1,850,651
Equatorial Guinea1,674,908
Trinidad And Tobago1,531,044
Bahrain1,472,233
Timor Leste1,341,296
Estonia1,326,062
Mauritius1,299,469
Cyprus1,251,488
Eswatini1,201,670
Djibouti1,120,849
Reunion974,052
Fiji929,766
Comoros836,774
Guyana808,726
Bhutan782,455
Solomon Islands724,273
Macau695,168
Luxembourg647,599
Montenegro627,082
Suriname618,040
Cape Verde593,149
Western Sahara575,986
Malta533,286
Maldives523,787
Brunei449,002
Bahamas409,984
Belize405,272
Guadeloupe395,752
Iceland372,899
Martinique367,507
Vanuatu326,740
Mayotte326,101
French Polynesia306,279
French Guiana304,557
New Caledonia289,950
Barbados281,635
Sao Tome And Principe227,380
Samoa222,382
Curacao191,163
Saint Lucia179,857
Guam171,774
Kiribati131,232
Grenada125,438
Micronesia114,164
Jersey110,778
Seychelles107,118
Tonga106,858
Aruba106,445
Saint Vincent And the Grenadines103,948
United States Virgin Islands99,465
Antigua And Barbuda93,763
Isle of Man84,519
Andorra79,824
Dominica72,737
Cayman Islands68,706
Bermuda64,184
Guernsey63,301
Greenland56,466
Faroe Islands53,090
Northern Mariana Islands49,551
Saint Kitts And Nevis47,657
Turks And Caicos Islands45,703
American Samoa44,273
Sint Maarten44,175
Marshall Islands41,569
Liechtenstein39,327
Monaco36,469
San Marino33,660
Gibraltar32,649
Saint Martin31,791
British Virgin Islands31,305
Palau18,055
Cook Islands17,011
Anguilla15,857
Nauru12,668
Wallis And Futuna11,572
Tuvalu11,312
Saint Barthelemy10,967
Saint Pierre And Miquelon5,862
Montserrat4,390
Falkland Islands3,780
Niue1,934
Tokelau1,871
Vatican City510

Gold Production by Country 2022

Sources