In 2023, Germany led Europe in gold production with a substantial share, followed by Italy and Spain. Italy experienced significant growth compared to the previous year, while Spain and Finland saw a decline. Portugal's production dropped sharply, whereas France showed slight positive momentum. Smaller producers like Croatia enjoyed notable increases, contrasting with Denmark's notable decrease compared to 2022. Overall, while Germany's dominance remained evident, production shifts occurred across the region, reflecting a mix of growth and contraction.
Going forward, Europe's gold production landscape could be influenced by technological advancements, sustainability initiatives, and fluctuations in global demand. Focus on efficient extraction and environmentally friendly practices may shape the market, alongside evolving consumer preferences and geopolitical factors. Monitoring these elements could provide insights into potential shifts in production shares among countries.
Top countries in Production of Gold, Unwrought or in Semi-Manufactured Forms, or in Powder Form Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.43 | 2021 | +7.06% | View data | |
| 2 | 2 Italy | 23.85 | 2023 | +17.48% | +26.26% | View data |
| 3 | 3 Spain | 18.75 | 2023 | +2.33% | -6.49% | View data |
| 4 | 4 Finland | 5.21 | 2023 | +3.28% | -4.88% | View data |
| 5 | 5 Portugal | 3.15 | 2023 | +4.28% | -22.54% | View data |
| 6 | 6 France | 1.53 | 2023 | +5.39% | +2.14% | View data |
| 7 | 7 Romania | 0.7 | 2023 | +30.33% | View data | |
| 8 | 8 Croatia | 0.22 | 2023 | +15.47% | +17.33% | View data |
| 9 | 9 Czechia | 0.17 | 2021 | |||
| 10 | 10 Bulgaria | 0.067 | 2023 | 0% | View data |
