"Switzerland may only be a small central European nation by population, but its financial reserves are unmatched across the continent. With $864 billion in foreign exchange and gold holdings, this small nation surpasses even Europe's largest economies in the sheer size of its reserves. Switzerland's role as a global financial hub is further reinforced by these holdings. However, other major European powers have sizable holdings as well."
"To determine the European countries with the most foreign exchange and gold reserves, 24/7 Wall St. reviewed 2025 Military Strength Ranking from Global Firepower, an annually updated defense-related statistics website with information on 145 countries. Global Firepower ranked 145 countries based on their PowerIndex, a composite of over 60 measures in categories such as military might, financials, logistical capability, and geography. The smaller the PowerIndex value the more powerful a nation's theoretical conventional fighting capability is."
Switzerland holds $864 billion in foreign exchange and gold reserves, the largest in Europe and larger than reserve totals of bigger European economies. The magnitude of these reserves reinforces Switzerland's role as a global financial hub. Other major European powers also maintain sizable foreign exchange and gold holdings. Rankings of European countries by reserves were produced using data tied to the 2025 Military Strength Ranking from Global Firepower, which provides a PowerIndex based on over 60 measures including military strength, financials, logistics, and geography. Supplemental metrics include purchasing power parity, defense budgets, external debt, military asset composition, and overall military strength.
Read at 24/7 Wall St.
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