India vs Japan: Reserves excluding gold, foreign exchange
India
403.72 billion SDR
in 2025
Japan
861.99 billion SDR
in 2025
India rank
5th
Japan rank
2nd
Reserves excluding gold, foreign exchange over time
- India
- Japan
How they compare
Japan currently reports 861.99 billion SDR against 403.72 billion SDR in India, a difference of 458.27 billion SDR.
That makes Japan's figure about 2.1 times India's.
The two have swapped places 1 time across 76 shared years of data; in 1950 it was India ahead.
India ranks 5th and Japan ranks 2nd of 194 countries.
Across the 8 decades both report, India averaged higher in 1 and Japan in 7.
Head to head by decade
| Decade | India | Japan | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 1.28 billion SDR | 950.40 million SDR | 333.70 million SDR | India |
| 1960s | 394.20 million SDR | 1.68 billion SDR | 1.28 billion SDR | Japan |
| 1970s | 1.94 billion SDR | 12.10 billion SDR | 10.16 billion SDR | Japan |
| 1980s | 3.93 billion SDR | 32.88 billion SDR | 28.94 billion SDR | Japan |
| 1990s | 11.37 billion SDR | 104.14 billion SDR | 92.77 billion SDR | Japan |
| 2000s | 95.87 billion SDR | 492.63 billion SDR | 396.76 billion SDR | Japan |
| 2010s | 222.55 billion SDR | 818.95 billion SDR | 596.41 billion SDR | Japan |
| 2020s | 398.70 billion SDR | 872.17 billion SDR | 473.47 billion SDR | Japan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher reserves excluding gold, foreign exchange, India or Japan?
- Japan, at 861.99 billion SDR against 403.72 billion SDR in India as of 2025.
- What is the difference in reserves excluding gold, foreign exchange between India and Japan?
- 458.27 billion SDR, with Japan ahead.
- How many years of comparable data are there for India and Japan?
- 76 years are reported by both, from 1950 to 2025.
- How do India and Japan rank globally for reserves excluding gold, foreign exchange?
- India ranks 5th and Japan ranks 2nd of 194 countries.
- Where does this data come from?
- International Monetary Fund, published as Reserves excluding gold, foreign exchange (SDR). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
International Liquidity (IL) 2026 April