Africa led global gold production in 2023 with over 1,000 tonnes, contributing more than 27% of global output

Key Takeaways:

  • In 2023, Africa was the world’s leading gold-producing region, with a total output of 1,003.98 tonnes.
  • Asia followed with 661.30 tonnes, representing 18.1% of the world’s gold output.
  • The Commonwealth of Independent States (CIS) produced 570.90 tonnes, making up 15.7% of the global total.
  • North America and Central & South America contributed 485.17 tonnes and 542.13 tonnes, respectively.
  • Oceania was a key producer with 343.29 tonnes, or 9.4% of global output.
  • Europe contributed the least, producing only 39.30 tonnes, which is about 1.1% of the total.
  • Altogether, global gold production reached 3,646.07 tonnes in 2023.

In 2023, Africa stood out as the top gold-producing region, generating more than 1,000 tonnes of gold and accounting for over a quarter of global output. Asia and the Commonwealth of Independent States followed closely, both playing major roles in global production.

The Americas also made a substantial contribution, with Central & South America and North America together producing nearly 30% of the world’s gold.

While Oceania added a notable share, Europe was a minor contributor to the global gold market.

Source:

Metals Focus; World Gold Council

Period:

2023
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