Some of the names mentioned in the list might not have the strongest militaries but these 11 countries with highest foreign reserves have a definite edge when it comes to economics and finance.
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Countries all over the world are trying their best to get ahead by making their economies stronger and stronger. Perhaps the best example of that is China, which a few decades back was in complete shambles. The country wasn’t strong economically until a revolution came and turned things around for its people. Japan is also one of the major examples after being completely destroyed in the World War II.
Strong foreign reserves also contribute to a stronger GDP at times. To know more about it, don’t forget to check out our post on 10 Richest Countries in The World by GDP.
The assets owned by a country can make or break its future, which is why foreign reserve plays a vital role in the development of an economy. Here is a list of 11 countries with the highest foreign reserve.
11. Germany
One of the leading economies in Europe, Germany is home to over 80.50 million people. The country has an extremely rich history with some remarkable forests and mountain ranges. Germany does not only lead in Europe but it is also one of the leading economies in the world. The country’s foreign reserve is 188,310 million US dollars.
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10. Algeria
A country located in the North of Africa, Algeria is one of the most stable economies in the world. With its 193,600 million US dollar of foreign reserve the country is ranked number 10. The population of Algeria is over 39 million. The country is currently under the presidency of Abdelaziz Bouteflika.
9. Mexico
Located in the middle of Central American beaches and the US, Mexico is popular for its jaw dropping mountains jungles and deserts. The country was founded on the 27th of September 1821 and is now home to 122 million people. The country’s foreign reserve of over 194 million US dollars is the 9th largest in the world.
8. Singapore
Singapore is by far one of the most famous countries known for tourism in Asia. The country is full of multicultural people. Whether its cuisines, temples or street fares Singapore has it all. The country is home to almost 5.400 million people with a foreign reserve of 253,280 million US dollars. Singapore stands at number eight amongst the 11 countries with highest foreign reserves.
7. India
One of the largest countries in the world, India is famous for its rich culture, cuisines, films and remarkable landscape. The country also has one of the wonders of the world known as Taj Mahal in the city of Agra. India was under British rule during the early 19th century but got its independence on the 15 of August 1947. The country is home to 1.252 billion people. India has a foreign reserve of 353,461 million US dollars.
6. Russia
Russia is the largest and also amongst the most stable economies in the world. It is a neighbor to Asian and European countries. The country is home to over 143 million people. Some of the neighboring countries include China, Ukraine, Finland, and Belarus. According to the figures carried out in the month of July 2015, its foreign reserve is 357,600 million US dollars.
5. Brazil
A country in South America, Brazil is also amongst the countries known for tourism. The country is famous for its beaches and colorful festivals. The language spoken in all of Brazil is Portuguese. The country is home to over 200 million people. According to the figures of July 2015, the country’s foreign reserve is 368,252 million US dollars, taking it up to the 5th spot.
4. South Korea
Located in the continent of Asia, South Korea is not only known for its stable economy but it is also very popular for its lush green countryside, Buddhist temples and cherry trees. South Korea has a population over 50 million. The country’s last recorded foreign reserve was over 374,700 million US dollars.
3. Switzerland
By far one of the most visited countries in the world, Switzerland is in the heart of Europe and is extremely popular amongst the tourists around the world. The country is gifted with some beautiful landscape, amazing sceneries and enormous mountains. According to the figures of 2013, the country has a population of over 50.22 million people and its foreign reserve is almost 600,200 million US dollars, making it one of the leading economies in the world.
2. Japan
Japan is home to over 127 million people. The country is full of sky scrappers and Buddhist temples. Japan has a very rich culture and history that tourists from around the world like to explore. The country’s foreign reserve of 1,242,935 million US dollars is one of the largest in the world.
1. China
China, with a population of over 1.357 billion, is the most populated country in the world. China is also one of the economic giants and is famous for its mountains, deserts, rivers and lakes. It is also home to the Wall of China, one of the wonders of the world. With a foreign reserve of 3,771,347 million US dollars, China stands on top in our list of 11 countries with highest foreign reserves.
