For that indicator, we provide data for Germany from 1960 to 2020. The average value for Germany during that period was 98.62 billion U.S. dollars with a minimum of 6.96 billion U.S. dollars in 1962 and a maximum of 268.41 billion U.S. dollars in 2020.
The latest value from 2020 is 268.41 billion U.S. dollars. For comparison, the world average in 2020 based on 153
countries is 100.02 billion U.S. dollars.
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The reserves of Germany 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.