In 2023, Germany led European countries with a production of 61.86 thousand kilograms of gold, unwrought or in semi-manufactured forms, or in powder form, followed by Italy and Spain. Italy showed notable growth with a 26.26% increase, whereas Spain's production fell by 6.49%. Portugal and Denmark saw significant declines, with Portugal's production dropping by 22.54% and Denmark's by 19.73%. Other countries, like France and Croatia, experienced modest increases. Romania, Bulgaria, and Estonia maintained stable production with no variation from previous years.
For the future, watch for continued growth in Italy, likely driven by technological advancements and increasing demand. Meanwhile, Germany is expected to maintain its leadership in European gold production, although potential economic and regulatory pressures could impact output. The performance of smaller producers like Croatia and France also warrants attention, as they could capitalize on market dynamics to enhance production further. Increased sustainability concerns may lead to innovations in mining processes or policies affecting the industry overall.
Top countries in Production of Gold, Unwrought or in Semi-Manufactured Forms, or in Powder Form by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61,860 | 2021 | +7.06% | View data | |
| 2 | 2 Italy | 33,970 | 2023 | +17.48% | +26.26% | View data |
| 3 | 3 Spain | 26,700 | 2023 | +2.33% | -6.49% | View data |
| 4 | 4 Finland | 7,410 | 2023 | +3.28% | -4.88% | View data |
| 5 | 5 Portugal | 4,490 | 2023 | +4.28% | -22.54% | View data |
| 6 | 6 France | 2,180 | 2023 | +5.39% | +2.14% | View data |
| 7 | 7 Romania | 1,000 | 2023 | +30.33% | View data | |
| 8 | 8 Croatia | 316 | 2023 | +15.47% | +17.33% | View data |
| 9 | 9 Czechia | 238 | 2021 | |||
| 10 | 10 Bulgaria | 95 | 2023 | 0% | View data |
