10 Countries with the Largest Natural Resource Values in the World

 Natural resources (NR) consist of both non-renewable and renewable resources. 

The value of NR in a country is usually determined by the amount of reserves and their value to the modern economy.

Based on data released on the statista.com website in early 2022, it turns out that some of the top 10 countries with the largest natural resources in the world are dominated by countries with vast land areas. 

The country with the highest NR in the world is also currently experiencing a war conflict and is predicted to face an economic crisis.

So, which countries are on the list? 

According to Statista research, here is a list of the top 10 countries with the largest natural resources in the world.

10. Venezuela

Venezuela is a country located in South America. 

Crude oil and its derivatives contribute to about 95% of the country's total export revenue. 

Therefore, it is no surprise that Venezuela will face serious economic problems when oil prices drop.

However, Venezuela also has other valuable natural resources, including diamonds, gold, natural gas, bauxite, and iron ore. 

The natural resources of Venezuela in 10th position have a total value of US$ 14.3 trillion.

9. Iraq

Despite political issues, Iraq actually has significant NR reserves. 

In addition to having some of the world's largest oil reserves, with five "super giant" fields, Iraq also has abundant sulfur, phosphate, and natural gas resources.

In the electricity sector, Iraq generates power from liquid fuel, natural gas, and hydroelectric resources. The value of NR in Iraq is US$ 15.9 trillion.

8. Australia

One of Indonesia's neighboring countries, Australia, is also on the list of countries with the largest NR. 

Australia's vast geography allows for diverse mining activities with gold, coal, natural gas, crude oil, and iron ore being the backbone of most of the country's industrial activities. 

Uranium, nickel, bauxite, zinc, zircon, ilmenite, and rutile are also important resources. 

The total value of Australia's NR is US$ 19.9 trillion.

7. Brazil

Brazil is the fifth largest country in the world located in South America. 

Brazil's mining products include gold, diamonds, bauxite, iron, tin, aluminum, and platinum. 

Brazil also has many other lesser-known minerals, such as niobium, tantalite, kaolin, graphite, talc, and vermiculite.

In addition, Brazil has the largest tropical rainforest in the world. 

The amount of NR that Brazil possesses is quite impressive at US$ 21.8 trillion.

6. China

China is the country with the largest population in the world and the fourth largest country in the world. 

China has very large oil and natural gas reserves. 

China is also the world's third largest producer of iron ore. 

Other main minerals include coal, bauxite, diamonds, gold, lead, mercury, and phosphate rock. 

China is also one of the largest exporters of magnesium.

China also has the largest hydro energy potential with the most dams in the world, making hydroelectric power generation one of the country's main sources of energy. 

China is predicted to become a superpower soon with a NR value of US$ 23 trillion.

5. Iran

Iran is a country in the continent of Asia. 

The Middle East country's main mineral resources include oil, gas, coal, chromium, copper, iron ore, lead, manganese, zinc and sulfur.

Iran has started exploratory efforts to identify new reserves in the massive South Pars gas field. 

This country, which is experiencing an economic crisis, has natural resource reserves of US$ 27.3 trillion.

4. Canada

Canada is a country located in the continent of North America, north of America. 

Canada has made frequent energy and mining headlines for a long time, with its vast reserves of petroleum, coal, iron ore, uranium and potassium. 

One type of natural resources, namely gems, in its resources, accounts for 29% of global production.

In this continuous time, the country is gradually becoming a focal point for green mining innovation. 

The second largest country has natural resource reserves of US$ 33.2 trillion.

3. Saudi Arabia

This country in the Arabian peninsula has the largest oil reserves in the world. No wonder Saudi Arabia occupies the third position on this list. 

Crude oil and petroleum-derived commodities account for a large part of the country's total export earnings. 

Its abundant oil supply is estimated at 268 billion barrels.

This kingdom also has huge reserves of natural gas, gold, phosphate and aluminum. 

Saudi Arabia has a total natural resources of US$ 34.4 trillion.

2. United States of America

The United States is a superpower country on the North American continent with the largest economy in the world. 

This country is the third largest coal producer, contributing 27% of the world's total coal. 

Other natural resources include crude oil, natural gas, uranium, bauxite, zinc, copper, silver, nickel and potassium.

America is also trying to take advantage of renewable energy sources, ranging from wind to biodiesel. 

Apart from having highly developed human resources, this country also has very large natural reserves of US$ 45 trillion.

1. Russia

Russia is the largest country in the world stretching from eastern Europe and northern Asia. 

Currently Russia is experiencing a war conflict. 

Russia leads the list in terms of natural resources including diamonds, gold, platinum, photoresist, coal, natural gas and petroleum as well as iron ore, manganese, chromium, nickel, titanium, copper, tin, lead and tungsten.

In addition, Russia also has the largest forest area in the world which contributes about 20% of the world's timber through abundant conifers. 

The total value of Russian natural resources reserves is very large, namely US $ 75 trillion.