India vs Japan: Total reserves minus gold
Total reserves minus gold over time
- India
- Japan
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$.
That makes Japan's figure about 2.2 times India's.
Across all 66 years both countries report, Japan has been ahead every year.
India ranks 4th and Japan ranks 2nd of 181 countries.
Japan has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | India | Japan | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 394.20 million current US$ | 1.94 billion current US$ | 1.55 billion current US$ | Japan |
| 1970s | 2.71 billion current US$ | 16.24 billion current US$ | 13.53 billion current US$ | Japan |
| 1980s | 5.48 billion current US$ | 45.78 billion current US$ | 40.31 billion current US$ | Japan |
| 1990s | 16.36 billion current US$ | 156.85 billion current US$ | 140.49 billion current US$ | Japan |
| 2000s | 145.92 billion current US$ | 740.94 billion current US$ | 595.02 billion current US$ | Japan |
| 2010s | 326.87 billion current US$ | 1.22 trillion current US$ | 890.63 billion current US$ | Japan |
| 2020s | 564.23 billion current US$ | 1.25 trillion current US$ | 690.71 billion current US$ | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total reserves minus gold, India or Japan?
- Japan, at 1.25 trillion current US$ against 576.45 billion current US$ in India as of 2025.
- What is the difference in total reserves minus gold between India and Japan?
- 676.15 billion current US$, with Japan ahead.
- How many years of comparable data are there for India and Japan?
- 66 years are reported by both, from 1960 to 2025.
- How do India and Japan rank globally for total reserves minus gold?
- India ranks 4th and Japan ranks 2nd of 181 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Total reserves minus gold (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.