Australia: Reserves

* indicates monthly or quarterly data series

Foreign exchange reserves including gold, billion USD

 Latest value 56.70
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 21.29
 Min - Max 0.89 - 65.65
 Source The World Bank
For that indicator, we provide data for Australia from 1960 to 2022. The average value for Australia during that period was 21.29 billion U.S. dollars with a minimum of 0.89 billion U.S. dollars in 1960 and a maximum of 65.65 billion U.S. dollars in 2017. The latest value from 2022 is 56.7 billion U.S. dollars. For comparison, the world average in 2022 based on 146 countries is 95.37 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Australia - Reserves - Recent values chart

Historical chart
Australia - Reserves - historical chart - 1960-2022

The reserves of Australia and other countries include their holdings of foreign currencies and gold. These are the reserves of the central bank and the treasury of the country, not the private sector.

When countries export products or attract investment from other countries, they receive foreign currencies. They use some of these currencies to buy imports and to invest in other countries. The rest is held in reserves and some of the reserves may be converted to gold.
Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 163.69 2021 percent
 Trade openness 45.14 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 25.43 2022 percent
 Exports, billion dollars 460.64 2023 billion U.S. dollars
 Growth of exports -0.47 2022 percent
 Imports, percent of GDP 19.71 2022 percent
 Imports, billion dollars 368.22 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.14 2022 percent
 Foreign Direct Investment, billion dollars 70.08 2022 billion U.S. dollars
 Portfolio investment inflows, equities -18,090.04 2023 million dollars (current)
 Current account, percent of GDP 1.22 2023 percent
 Current account, in dollars 21.38 2023 billion U.S. dollars
 Trade balance, percent of GDP 5.72 2022 percent
 Trade balance, in dollars 83.94 2023 billion U.S. dollars
 Reserves 56.70 2022 billion U.S. dollars
 Remittances, percent of GDP 0.08 2022 percent
 Remittances 1,297.84 2022 million U.S. dollars
 Net errors and omissions 1,415.56 2023 million USD
 Foreign exchange reserves 90.41 9/2023 billion
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