Foreign Exchange Reserves

Europe Ranking

billion currency unitsSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Angola	11257.73	6-2023	1	7331.45
2	Czech Republic	3197.34	9-2023	2	3083.98
3	Norway	844.63	9-2023	3	840.86
4	Switzerland	794.68	6-2023	4	816.13
5 ↑	Poland	786.57	9-2023	6	742.18
6 ↓	Iceland	762.98	9-2023	5	776.29
7	Sweden	634.48	9-2023	7	638.67
8	Denmark	610.38	9-2023	8	609.9
9	Germany	282.49	9-2023	9	280.82
10	Italy	216.02	9-2023	10	214.99
11	France	209.5	9-2023	11	207.65
12	United Kingdom	203.29	9-2023	12	207.05
13	Spain	92.67	9-2023	13	89.93
14	Bulgaria	72.84	9-2023	14	72.72
15 ↑	Romania	65.12	9-2023	16	59.27
16 ↓	Netherlands	62.01	9-2023	15	61.24
17 ↑	Ukraine	39.71	9-2023	18	39
18 ↓	Hungary	39.66	9-2023	17	39.87
19	Belgium	36.48	9-2023	19	37.77
20	Portugal	30.72	9-2023	20	31.36
21	Austria	28.41	9-2023	21	28.21
22	Serbia	24.18	9-2023	22	22.58
23	Finland	15.44	8-2023	23	15.55
24	Bosnia and Herzegovina	15.32	6-2023	24	15.21
25 ↑	Greece	11.75	9-2023	26	12.03
26 ↓	Ireland	11.69	9-2023	25	12.07
27	Slovakia	9.44	9-2023	27	9.44
28	Belarus	8.52	1-2022	28	8.43
29	Albania	5.73	9-2023	29	5.55
30	Lithuania	5.55	9-2023	30	5.41
31	Georgia	5.27	9-2023	31	5.07
32	Moldova	4.88	9-2023	32	4.83
33	Latvia	4.38	9-2023	33	4.38
34	Macedonia	3.9	9-2023	34	4.19
35	Armenia	3.89	6-2023	35	3.64
36	Croatia	2.89	6-2023	36	2.96
37	Luxembourg	2.78	9-2023	37	2.68
38	Estonia	2.58	9-2023	38	2.26
39	Slovenia	2.2	9-2023	39	2.17
40 ↑	Montenegro	1.62	9-2023	41	1.62
41 ↓	Cyprus	1.6	9-2023	40	1.63
42	Malta	1.14	9-2023	42	1.18

Definition of Foreign Exchange Reserves

Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.