what country is richest in resouces in the world
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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To determine the richest country in terms of natural resources, we consider factors like mineral reserves, fossil fuels, timber, freshwater, and arable land. Here’s a concise analysis (within 199 words):
Russia is often regarded as the world’s most resource-rich nation. It holds:
The largest natural gas reserves (24% global share) and 2nd-largest coal deposits.
Top global producer of diamonds, nickel, and palladium.
Vast timber (20% of global forests) and freshwater (Lake Baikal).
United States follows closely with:
Significant coal, natural gas, and oil reserves (shale revolution).
Abundant rare earth metals and copper.
Fertile agricultural land (Great Plains).
Saudi Arabia dominates oil (16% of global reserves), while China leads in rare earths (90% production) and coal. Canada excels in uranium, potash, and oil sands.
Venezuela has the largest proven oil reserves but faces extraction challenges. Australia is rich in iron ore, gold, and lithium.
Key Metric: Total resource value estimates place Russia ahead (~$75 trillion), followed by the U.S. (~$45 trillion). However, resource wealth doesn’t always correlate with economic prosperity due to governance, infrastructure, and market volatility.