Libya has ranked first among African countries in the total value of its national gold reserves, estimated at $92.9 billion, according to data published by Global Firepower.
The ranking places Libya ahead of Algeria, which came second with gold reserves valued at approximately $83 billion, while South Africa ranked third with reserves estimated at $65.4 billion.
The figures highlight Libya’s strong position in terms of gold holdings, underscoring the strategic importance of precious metal reserves as a store of national wealth and a buffer against economic volatility. Gold reserves are widely regarded as a key indicator of financial resilience, particularly for countries facing currency fluctuations or broader economic challenges.
Global Firepower’s data reflects the monetary value of officially held gold reserves, calculated based on prevailing international gold prices. Such reserves play a critical role in supporting national balance sheets, reinforcing confidence in monetary systems, and providing long-term financial security.
Libya’s leading position in Africa adds to its significance as a country with substantial natural and financial resources, at a time when gold continues to gain prominence globally amid economic uncertainty and shifting monetary policies.