GDP measured in gold
What a year of each economy's output is worth in gold, and how that has changed over ten years.
GDP in gold over ten years
In 2025 the GDP of the United States was 8.88 billion troy ounces of gold, at that year's average gold price of 3,467 US dollars per ounce.
Held up best in gold over ten years
- Poland−27.9% over ten years in gold
- Vietnam−28.1% over ten years in gold
- United Arab Emirates−31.6% over ten years in gold
Lost the most in gold over ten years
- Nigeria−80.3% over ten years in gold
- Japan−67.3% over ten years in gold
- Egypt−62.9% over ten years in gold
Economies by size
All 30 economies lost against gold over ten years
United States GDP in gold, ten years
GDP = 8.88 billion oz gold
−43.8% over ten years in gold
United States in gold- United States8.88 billion oz−43.8% over ten years in gold
- China5.62 billion oz−42.2% over ten years in gold
- Germany1.46 billion oz−50.7% over ten years in gold
- Japan1.28 billion oz−67.3% over ten years in gold
- United Kingdom1.15 billion oz−54.6% over ten years in gold
GDP in gold by economy
| Economy | GDP in oz gold | 10 years, gold |
|---|---|---|
| 1United StatesUnited States in gold | 8.88 billion | −43.8% |
| 2China | 5.62 billion | −42.2% |
| 3Germany | 1.46 billion | −50.7% |
| 4Japan | 1.28 billion | −67.3% |
| 5United KingdomUnited Kingdom in gold | 1.15 billion | −54.6% |
| 6India | 1.14 billion | −37.1% |
| 7France | 971 million | −53.9% |
| 8Russia | 739 million | −37.2% |
| 9Italy | 736 million | −53.8% |
| 10Canada | 669 million | −50.2% |
Show the other 20 economies
| Economy | GDP in oz gold | GDP in USD | 10 years, gold | 10 years, USD |
|---|---|---|---|---|
| 11Brazil | 658 million | −57.7% | ||
| 12SpainSpain in gold | 550 million | −47.2% | ||
| 13South Korea | 540 million | −59.3% | ||
| 14Mexico | 529 million | −49.5% | ||
| 15Australia | 519 million | −55.7% | ||
| 16TürkiyeTürkiye in gold | 461 million | −38.3% | ||
| 17Indonesia | 417 million | −43.9% | ||
| 18Saudi Arabia | 368 million | −38.4% | ||
| 19Poland | 299 million | −27.9% | ||
| 20United Arab Emirates(2024) | 230 million | −31.6% | ||
| 21Argentina | 197 million | −61.6% | ||
| 22SingaporeSingapore in gold | 174 million | −34.5% | ||
| 23Thailand | 166 million | −51.9% | ||
| 24Vietnam | 148 million | −28.1% | ||
| 25Philippines | 141 million | −46.9% | ||
| 26Malaysia | 136 million | −47.6% | ||
| 27South Africa | 123 million | −58.8% | ||
| 28Egypt | 105 million | −62.9% | ||
| 29Chile | 103 million | −50.7% | ||
| 30Nigeria | 83.9 million | −80.3% |
Sorted by largest GDP in gold first.
GDP for 2025 in troy ounces of gold. A year in brackets marks an economy whose latest published figure is older. The changes compare each figure with the one ten years earlier.
GDP in gold by year
How the figures are calculated
Each economy's gross domestic product for a year, in current US dollars as published by the World Bank, is divided by the average of that year's daily gold prices from Yahoo Finance. The result is the number of troy ounces of gold the year's output was worth.
GDP is published once per year, so every figure refers to a full year. Nothing is estimated between two years or for the running year.
Questions about GDP in gold
Which economy is the largest when GDP is measured in gold?
In 2025 the United States had the largest GDP of the 30 economies on this page: 8.88 billion troy ounces of gold, ahead of China with 5.62 billion.
Did the economy of the United States grow over ten years when measured in gold?
From 2015 to 2025 the GDP of the United States changed by +68.2% in US dollars and by −43.8% in troy ounces of gold.
How many economies grew over ten years when measured in gold?
0 of the 29 economies with figures for 2015 and 2025 had a larger GDP in gold in 2025 than ten years earlier. In US dollars, 27 of them did.
How is GDP measured in gold?
Each country's gross domestic product for a year, in current US dollars as published by the World Bank, is divided by the average of that year's daily gold prices in US dollars per troy ounce. The result is the number of troy ounces of gold the year's output was worth.
Why is there only one figure per year?
GDP is published per year. The page shows each published figure as it is and does not estimate values between two years or for the running year.
Why can an economy grow in US dollars and shrink in gold?
GDP in US dollars rises with real growth and with rising prices. When the gold price rises faster than an economy's GDP in dollars, the same output is worth fewer ounces of gold.