Foreign Exchange Reserves

Europe Ranking

billion currency unitsSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Angola11257.736-202317331.45
2Czech Republic3197.349-202323083.98
3Norway844.639-20233840.86
4Switzerland794.686-20234816.13
5Poland786.579-20236742.18
6Iceland762.989-20235776.29
7Sweden634.489-20237638.67
8Denmark610.389-20238609.9
9Germany282.499-20239280.82
10Italy216.029-202310214.99
11France209.59-202311207.65
12United Kingdom203.299-202312207.05
13Spain92.679-20231389.93
14Bulgaria72.849-20231472.72
15Romania65.129-20231659.27
16Netherlands62.019-20231561.24
17Ukraine39.719-20231839
18Hungary39.669-20231739.87
19Belgium36.489-20231937.77
20Portugal30.729-20232031.36
21Austria28.419-20232128.21
22Serbia24.189-20232222.58
23Finland15.448-20232315.55
24Bosnia and Herzegovina15.326-20232415.21
25Greece11.759-20232612.03
26Ireland11.699-20232512.07
27Slovakia9.449-2023279.44
28Belarus8.521-2022288.43
29Albania5.739-2023295.55
30Lithuania5.559-2023305.41
31Georgia5.279-2023315.07
32Moldova4.889-2023324.83
33Latvia4.389-2023334.38
34Macedonia3.99-2023344.19
35Armenia3.896-2023353.64
36Croatia2.896-2023362.96
37Luxembourg2.789-2023372.68
38Estonia2.589-2023382.26
39Slovenia2.29-2023392.17
40Montenegro1.629-2023411.62
41Cyprus1.69-2023401.63
42Malta1.149-2023421.18

Definition of Foreign Exchange Reserves

Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

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