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Visualizing Gold Consumption vs. Domestic Supply

Visualizing Gold Consumption vs. Domestic Supply

What We’re Showing

Gold demand (in tonnes) versus domestic gold production in ten selected countries. The data comes from the World Gold Council and was compiled by The Gold Bullion Company as of 2023.  

Key Takeaways

  • With a population of over a billion, India tops the ranking with substantial demand for gold, made up of jewelry and gold bars demand.
  • Turkey mine production in 2023 stood at 36.5 tonnes, which is six times lower than the demand of 201.6 tonnes. 

Dataset

CountryGold Mine Production in Tonnes (2023)Gold Consumer Demand in Tonnes (Jewellery, Bar & Coin)Deficit or Surplus (Tonnes)
India15748-733
China378910-532
Turkey37202-165
United States167249-82
Brazil861769
Indonesia1334588
Mexico12715112
Canada19224168
Russia32271251
Australia29424270
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Visualizing Gold Consumption vs. Domestic Supply - Voronoi