India vs Japan: 24_International reserves
India
575.69 billion excluding gold
in 2026
Japan
1.25 trillion excluding gold
in 2026
India rank
4th
Japan rank
2nd
24_International reserves over time
- India
- Japan
How they compare
Japan currently reports 1.25 trillion excluding gold against 575.69 billion excluding gold in India, a difference of 673.70 billion excluding gold.
That makes Japan's figure about 2.2 times India's.
Across all 37 years both countries report, Japan has been ahead every year.
India ranks 4th and Japan ranks 2nd of 175 countries.
Japan has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | India | Japan | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 15.21 billion excluding gold | 140.36 billion excluding gold | 125.14 billion excluding gold | Japan |
| 2000s | 132.62 billion excluding gold | 690.39 billion excluding gold | 557.77 billion excluding gold | Japan |
| 2010s | 317.61 billion excluding gold | 1.20 trillion excluding gold | 877.65 billion excluding gold | Japan |
| 2020s | 549.80 billion excluding gold | 1.26 trillion excluding gold | 709.91 billion excluding gold | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher 24_international reserves, India or Japan?
- Japan, at 1.25 trillion excluding gold against 575.69 billion excluding gold in India as of 2026.
- What is the difference in 24_international reserves between India and Japan?
- 673.70 billion excluding gold, with Japan ahead.
- How many years of comparable data are there for India and Japan?
- 37 years are reported by both, from 1990 to 2026.
- How do India and Japan rank globally for 24_international reserves?
- India ranks 4th and Japan ranks 2nd of 175 countries.
- Where does this data come from?
- IMF, published as 24_International reserves (excluding gold). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The data on international reserve assets refer to entries published in the world tables of the IMF’s International Financial Statistics (IFS).