8 Countries With Highest Gold Consumption By Year

5. Germany 

Average Per Year Gold Consumption: 178.5 metric tons

Gold Consumption In 2022: 196.4 metric tons  

Gold Consumption in 2021: 173.1 metric tons 

Gold Consumption in 2020: 166 metric tons 

Germany’s annual gold consumption averages 178.5 metric tons, which translates to 2.36 grams per capita. As the largest economy in Europe, Germany’s elevated gold demand contributes to the global gold market and proves the metal to be a long-standing asset across the globe.