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List : Countries with Largest Forex Reserves in the World 2018

List : Countries with Largest Forex Reserves in the World 2018

Foreign exchange (or forex) reserves are a key indicator of economic health. They provide policymakers with a tool to control inflation, ensure the continual flow of imported goods into the country, and generally provide a sense of security in uncertain economic climates. With the U.S. national debt recently topping an eye-popping $21T, we started thinking about how the U.S. stacks up against the rest of the world in forex reserves.

from HowMuch.net
from HowMuch.net

 

We got our data from the International Monetary Fund (IMF) for Q1 2018

Top 10 Countries with the Biggest Forex Reserves

1. China: $3,162B

2. Japan: $1,205B

3. Switzerland: $785.7B

4. Saudi Arabia: $486.6B

5. Hong Kong: $437.5B

6. India: $397.2B

7. South Korea: $385.3B

8. Brazil: $358.3B

9. Russia: $356.5B

10. Singapore: $279.8B

Here's the chart for Asia Pacific countries.

Keterangan Gambar (© Pemilik Gambar)

China leads by a longshot with $3,162B, almost three times as much as second place Japan at $1,205B. It is hard to imagine just how much money China has stashed away—it’s enough to power the entire $2,651B economy of the United Kingdomfor an entire year and then some, royal weddings included. Switzerland stands out in third place with $785.7B as the only European country in the top 10.

We can see the same top-heavy trend when looking at which continents have the highest reserves. Asia clearly leads the way on the right side of the map, second to the green countries from Europe . Every other continent is comparably tiny. Take a look at North and South America compared to Asia. It’s not even close. And where is the entire continent of Africa in our visualization? Since howmuc.net excluded countries with less than $5B in reserves, only four orange countries made it onto the map.

What does this say about the world’s economies?

Countries that have a lot of exports tend to stockpile the most forex reserves. Think about all the goods that flow out of China, consumer electronics from Japan, and oil from Saudi Arabia. These places dominate in particular industries or sectors, making them a magnate for forex reserves. Having a large stash of foreign currency means that countries like China and Japan can better handle unexpected economic surprises. The United States only has $44B in forex reserves. That’s not necessarily a cause for alarm because many export-dependent countries rely on America to purchase their goods. That’s how they ended up with such large caches in the first place. Here’s to hoping that current trends continue long into the future.

Chart and articles from HowMuch.net 

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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