Key information
- Russia has natural resources worth $75 trillion.
- The United States comes in second place with natural resources estimated at $45 trillion.
- China is the world’s largest producer of coal, thanks to its vast reserves.
Natural resources are the basis of modern industry and are essential to the production of everything we use. A group of ten countries hold the majority of these globally valuable resources, each with vast reserves crucial to various industries.
Russia comes first with natural resources estimated at $75 trillion. These include substantial quantities of coal, natural gas, oil and rare earth metals. According to the Russian Ministry of Natural Resources and Environment, the country’s mineral reserves alone were valued at approximately $1.44 trillion in 2018. Russia dominates the global natural gas market, holding the largest proven reserves in the world – a staggering 1.32 quadrillion cubic feet by 2020, representing almost 20 percent of the global total. The country is also a major player in gold production.
The United States, Saudi Arabia and Canada
The United States comes in second place with natural resources estimated at $45 trillion. These include coal, wood, natural gas and precious metals like gold. Saudi Arabia and Canada occupy third and fourth place, respectively, mainly thanks to their oil wealth. Saudi Arabia, known for its vast oil deposits, has long been a leader in global energy markets. Canada benefits from large deposits of uranium and is home to some of the world’s largest forestry companies.
China, Brazil, Australia
China occupies a leading position thanks to its vast coal reserves, making it the world’s largest producer of this fuel. Brazil and Australia stand out as major producers of metals, particularly iron ore. Australia is also a major exporter of coal.
If you want access to all articles, subscribe here!
