Visualizing Global Gold Production in 2023
June 13, 2024

By  Article/Editing: Bruno Venditti Graphics/Design: Sam Parker

Visualizing Global Gold Production in 2023


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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. These figures come from the latest USGS publication on gold statistics (published January 2024).


China, Australia, and Russia Produced the Most Gold in 2023


China was the top producer in 2023, responsible for over 12% of total global production, followed by Australia and Russia.



Country Region 2023E Production (tonnes)
🇨🇳 China Asia 370
🇦🇺 Australia Oceania 310
🇷🇺 Russia Europe 310
🇨🇦 Canada North America 200
🇺🇸 United States North America 170
🇰🇿 Kazakhstan Asia 130
🇲🇽 Mexico North America 120
🇮🇩 Indonesia Asia 110
🇿🇦 South Africa Africa 100
🇺🇿 Uzbekistan Asia 100
🇬🇭 Ghana Africa 90
🇵🇪 Peru South America 90
🇧🇷 Brazil South America 60
🇧🇫 Burkina Faso Africa 60
🇲🇱 Mali Africa 60
🇹🇿 Tanzania Africa 60
🌍 Rest of World - 700

Gold mines in China are primarily concentrated in eastern provinces such as Shandong, Henan, Fujian, and Liaoning. As of January 2024, China’s gold mine reserves stand at an estimated 3,000 tonnes, representing around 5% of the global total of 59,000 tonnes.


In addition to being the top producer, China emerged as the largest buyer of the yellow metal for the year. In fact, the country’s central bank alone bought 225 tonnes of gold in 2023, according the World Gold Council.


Estimated Global Gold Consumption


Most of the gold produced in 2023 was used in jewelry production, while another significant portion was sold as a store of value, such as in gold bars or coins.

  • Jewelry: 46%
  • Central Banks and Institutions: 23%
  • Physical Bars: 16%
  • Official Coins, Medals, and Imitation Coins: 9%
  • Electrical and Electronics: 5%
  • Other: 1%


According to Fitch Solutions, over the medium term (2023-2032), global gold mine production is expected to grow 15%, as high prices encourage investment and output.


Copyright © 2024 Visual Capitalist

VVC Exploration Corporation Files Annual Financial Statements

August 19, 2026
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