Top 10 countries with the most natural wealth in the world. Some have oil wells and some have mountains of gold.
Allah Almighty has left innumerable minerals and natural resources on earth so that man can take advantage of them according to his needs and many fortunate countries in the world are blessed with many times more resources than others. Let's take a look at the top 10 countries with the most natural resources.
1. Russia.
Russia is among the countries with the most natural resources in the world and the value of Russia's natural resource reserves is approximately 75 trillion dollars. Russia's reserves include coal, oil, natural gas, gold, timber, and rare earth metals, which Russia's Ministry of Natural Resources and Environment put at a low $910 billion in 2019. Russia has the world's largest proven natural gas reserves. Russia also has the second largest gold reserves at 6,800 tonnes, which is more than 12% of the global total by 2021. Russia was the world's third-largest crude oil producer in 2020 with 12% of the global supply. Russia's oil reserves are estimated to be 107.8 billion barrels, the sixth largest in the world. Russia holds 61% of the commodity reserves.
2. The United States.
The estimated value of natural resources in the United States is close to $45 trillion, of which about 90 percent is wood and coal. The United States is the largest producer of coal. As of 2020, the United States had the largest proven coal reserves in the world. Other resources include substantial copper, gold, oil, and natural gas reserves. The list also includes lead, phosphate, rare earth elements, uranium, bauxite, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber, and arable land.
3. Saudi Arabia.
Saudi Arabia is a small country in the Middle East but slightly bigger than Mexico. Saudi Arabia has $34.4 trillion in natural resources, mainly oil. The country has been a major exporter since the discovery of oil in 1938. With 15 percent of the world's reserves as of 2020, the country's economy is heavily dependent on oil exports. However, natural gas capacity and processing have increased since 2015, while Saudi Arabia's other natural resources include copper, feldspar, phosphate, silver, sulfur, tungsten, and zinc.
4. Canada.
Canada is fourth on the list. Natural resources in this vast country are estimated at 33.2 trillion dollars. It has the third largest oil reserves after Venezuela and Saudi Arabia. The country's proprietary commodities include industrial minerals, such as gypsum, limestone, rock salt, and potassium, as well as energy minerals, such as coal and uranium. Metals in Canada include copper, lead, nickel, and zinc and precious metals such as gold, platinum, and silver. Canada is the largest producer of natural gas.
5. Iran.
The value of Iran's natural resources is estimated at 27.3 trillion dollars. In 2020, the country was the fifth largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC). It was the third-largest natural gas producer in the world in 2019. Other natural resources of Iran include coal, chromium, copper, iron, lead, zinc, and sulfur, while the arable land also produces large quantities of pistachios, saffron, and fruits.
6. China.
China's natural resources are worth $23 trillion. Ninety percent of China's resources consist of coal and rare earth metals. Also, due to its natural water resources, it has the largest hydropower potential in the world. Other resources that China possesses include rice, oil, and natural gas, and abundant metals such as gold and aluminum, and minerals.
7. Brazil.
Brazil has natural resources worth 21.8 trillion dollars, including gold, iron, oil, and uranium. In 2019, Brazil was the eighth-largest oil producer in the world. A 2018 estimate found that 61.9 percent of its land was forested and 23.5 percent was permanent pasture. Brazil's mining industry focuses on bauxite, platinum, copper, gold, iron ore, and tin. Wood is also a valuable natural resource. Brazil also has a large hydroelectric power generation capacity.
8. Australia.
Australia has an estimated $19.9 trillion in natural resources, including coal, timber, copper, iron ore, gold, and uranium. Australia is a major producer of oil and liquefied natural gas. Its proven oil reserves stood at 2.4 billion barrels at the end of 2021. The country is also the largest net exporter of coal, accounting for 29 percent of global coal exports. Its other natural resources include alumina, iron, copper, tin, gold, silver, uranium, nickel, tungsten, rare earth elements, mineral sands, lead, zinc, and diamonds.
9. Iraq.
Iraq has natural resources worth 15.9 trillion dollars. Its desert region holds petroleum, natural gas, phosphates, and sulfur. Iraq is the second largest producer of crude oil in OPEC. It ranks as the world's fifth-largest holder of proven crude oil reserves and depends on crude oil exports for a large portion of its revenue.
10. Venezuela.
Natural resources in this South American country are estimated at 14.3 trillion dollars. These include iron, natural gas, and oil. As of 2019, it was the fourth largest oil-producing member of OPEC. In 2020 it had the largest proven oil reserves in the world. It also has the tenth-largest reserves of natural gas. Other natural resources include iron ore, gold, bauxite, hydropower, and, diamonds.
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