India vs Japan: Total reserves minus gold

India
576.45 billion current US$
in 2025
Japan
1.25 trillion current US$
in 2025
India rank
4th
Japan rank
2nd

Total reserves minus gold over time

  • India
  • Japan
0500.0B1.0T1.5T196019922025

How they compare

Japan currently reports 1.25 trillion current US$ against 576.45 billion current US$ in India, a difference of 676.15 billion current US$.

That makes Japan's figure about 2.2 times India's.

Across all 66 years both countries report, Japan has been ahead every year.

Globally, India ranks 4th and Japan ranks 2nd of 181 countries.

Individual pages

About this data

Indicator
Total reserves minus gold (current US$)
Unit
current US$
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
182 places, 9,490 data points, 1960–2025
Last refreshed

This series includes external assets (excluding monetary gold) that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.