In this list, we will take a look at five countries that produce the most gold. For more countries, head on over to 15 Countries That Produce the Most Gold.
5. United States of America
Tons of Gold Produced in 2021: 186.8
If there’s one list that isn’t led by the United States of America, it’s gold mining. While having the largest nominal economy in the world and the highest defense and astronautics budget, alongside the biggest stock markets and corn production, America is the fifth largest gold producer in the world. The country produced 186.8 tons of gold last year, and it also mines coal, cement, and copper.
4. Canada
Tons of Gold Produced in 2021: 192.9
Canada is one of the most developed countries in the world that relies on natural resources and trade networks for its economy. The Canadian economy was worth $2.2 trillion in 2022, and its GDP per capita stood at $56,794. Canada is also one of the largest countries in terms of land mass. Unlike other developed nations, the country continues to operate a vibrant mining industry. It ranks among the largest producers of potash, iron, copper, nickel, zinc, gypsum, lithium, and other metals. Canada is also the fifth largest gold producer in the world, after having produced 192.9 tons in 2021.
3. Commonwealth of Australia
Tons of Gold Produced in 2021: 315
The Commonwealth of Australia, or simply Australia, is the world’s sixth largest country in terms of land mass. It is also home to one of the oldest civilizations in the world, with the Australian Aboriginals arriving in the country during the ice age more than 60,000 years ago. The Australian economy was worth $1.6 trillion this year, and it had a GDP per capita of $66,408. Mining continues to be a strong part of the economy, with Australia leading the world in the production of crucial minerals such as uranium, iron, lithium, copper, and coal. As is evident through its inclusion in our list, Australia is also one of the largest gold producers in the world, having churned out a massive 315 tons last year.
2. Russian Federation
Tons of Gold Produced in 2021: 330.9
The Russian Federation is the world’s largest country in terms of land mass. It is also rich in mineral resources, and exports petroleum, natural gas, aluminum, palladium, and copper among other minerals. Tracing its roots back to the Soviet era, mining in Russia is concentrated in the hands of a few key and large players. The bulk of its gold deposits is located in Siberia and the Russian Far East. Additionally, the Russian gold industry is unique in the sense that foreign companies hold large stakes in it. The country produced 330.9 tons of gold in 2021.
1. People’s Republic of China (PRC)
Tons of Gold Produced in 2021: 332.9
The People’s Republic of China (PRC), or China, is the world’s most populous country and the largest economy in terms of purchasing power parity (PPP). Chinese civilization is one of the oldest and richest, as it dates back to the 21st century BCE and is thought to have contributed to the invention of mathematics and gunpowder. It mines metals such as iron, gold, copper, mercury, tungsten and platinum.
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