Top 8 countries rich in natural resources in the world

In the current era of economic and technological revolution, the world is rapidly running out of natural resources.

The richest countries in the world in terms of natural resources

Natural resources are fuel and mineral reserves in countries. With the increase in population and demand, the use of these natural resources increases, leading to increased prices of coal, natural gas as well as crude oil.

Therefore, the economies of countries that possess a lot of minerals develop stronger and stronger.

1. Russia

Russia has the most natural resources in the whole world. With a huge territory, this country possessed a large amount of gold, wood and coal.

They have the 2nd largest coal reserves and when it comes to gold reserves, Russia is the 3rd largest mine worldwide. The estimated value of natural resources in Russia is about $75.5 trillion.

2. America

America is the current superpower of the world. The country's natural resources are worth more than $45 trillion.

About 31.2% of the coal reservoirs on Earth are in the US. The country's coal and wood resources account for about 89%. The US is also in the top 5 countries with abundant reserves of copper, gold and natural gas. They are also fortunate to have a vast area of ​​forest land that provides a large amount of timber.

3. Saudi Arabia

Third on the list is the kingdom of Saudi Arabia in the Middle East. The country's natural resource reserves are worth $34.4 trillion.

About 20% of the world's oil comes from Saudi Arabia. Hydrocarbons including gas and oil are the main source of electricity generation of the country. Currently, the natural gas reservoir in this country is the 5th largest in the world.

4. Canada

The value of natural resource reserves in Canada is approximately $33.2 trillion. Total oil sands reserves put the country in 4th place on the list.

The most recent statistics show that Canada has 178.1 billion barrels, accounting for about 17.8% of the world's overall oil reserves, the second highest after Saudi Arabia. The country also has the second largest reserves of phosphate and uranium in the world. In addition, the wood industry is also ranked 3rd globally.

5. China

China is considered one of the rising superpowers of the century. The total resource reserves of this country amount to 23 trillion USD.

They are rich in minerals and coal. China's coal reserves account for about 13% of the world's total coal reserves. The recently discovered shale gas reservoirs will also increase the country's revenue.

6. Iran

Located in the same region, Iran and Qatar share abundant gas reserves. Iran's natural gas reserves account for 16% of the world's total, located in large gas reservoirs in the Persian Gulf. About 136.2 billion barrels are in the country, accounting for more than 10% of the world's oil.

Their natural resources are valued at nearly $27.3 trillion.

7. Australia

Australia is a self-sufficient country with much of its wealth coming from its vast reserves of coal, copper, timber and iron. They have an abundant supply of gold, contributing 14.3% to the global supply, and uranium reserves also account for 46% of the worldwide supply.

In addition, Australia has extensive natural gas supplies located offshore and partly shared with Indonesia.

8. Brazil

Brazil is one of the countries with the largest reserves of uranium and gold. Besides, iron production is also the second largest in the world and wood is a highly valuable natural resource of this country. They supply nearly 12.3% of the world's timber worth $17.45 trillion.

The total value of the country's natural resources is about $21.8 trillion. Recently, they discovered a large reserve of crude oil that could supply up to 44 billion barrels.