Top 12 Countries with Highest Foreign Exchange Reserves

5. Switzerland
Foreign exchange reserves: $522.18 billion

Switzerland and its economy have been called as the most innovative country and the competitive economy in the world by the WEF and the European Union.

It is one of the richest countries in the world in terms of GDP with a very high quality of living. Export is the main source of Switzerland’s revenue while Switzerland is also one of the leading importers in the world.

Industries play an important role in the growth of the Swiss economy. Switzerland is the home to many international brands like: Novartis, Nestlé, Hoffmann-La Roche and many more.

6. Taiwan
Foreign exchange reserves: $403.17 billion

Taiwan, Hong Kong, South Korea and Singapore are called as the ‘Four Asian Tigers’. Taiwan’s economy rose up very quickly and the country also changed within a very short period. This faster economic growth of Taiwan is also called as the ‘Taiwan Miracle’.

Industrialization brought most of the changes to the Taiwanese economy. The twentieth century has been the best period for the Taiwanese economy. Growth was maximum during this period. 

Also Read:
10 Popular Brands and Their Great Comeback Stories
8 Unbelievable Businesses in Asia