Question: What Is The Richest Country In Resources?

What country has the most valuable resources?

The third country on the list is Canada.

Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico.

China tops the list for having the most natural resources estimated to be worth $23 trillion.More items…•.

Which country is famous for diamond?

RussiaRussia. Home to arguably the richest and largest diamond resources in the world, Russia tops the list with more than 12 open-pit mines. With mining starting in 1947, Russia now tops the world’s diamond production hierarchy. It is also the world’s largest exporter of rough diamonds by volume.

What is the richest country in the world in natural resources?

Democratic Republic of CongoThe Democratic Republic of Congo is widely considered to be the richest country in the world regarding natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of U.S. $24 trillion.

Is China resource rich?

China. The value of China’s resources is heavily based on coal and rare earth minerals. The two resources, combined, provide more than 90% of the country’s total resource value. China also has significant coal deposits, which account for more than 13% of the world’s total.

What continent has the most natural resources?

AfricaTheir absence speaks volumes. Africa is blessed with a rich bounty of natural resources. The continent holds around 30% of the world’s known mineral reserves.

Which country has most gold in the world?

Top 10 Countries with Largest Gold ReservesUnited States. Tonnes: 8,133.5. Percent of foreign reserves: 79.0 percent.Germany. Tonnes: 3,363.6. Percent of foreign reserves: 75.6 percent. … Italy. Tonnes: 2,451.8. Percent of foreign reserves: 71.3 percent. … France. Tonnes: 2,436.0. … Russia. Tonnes: 2,299.9. … China. Tonnes: 1,948.3. … Switzerland. Tonnes: 1,040.0. … Japan. Tonnes: 765.2. … More items…•

Which country gold is best?

Gold Jewelry Consumption Q4 2019RankCountryTonnes1India136.62China132.13U.S.34.84UAE11.56 more rows•Oct 28, 2020

What is China’s main resource?

China has extensive deposits of coal, oil and natural gas. Besides these fossil fuels, China is a top producer of aluminum, magnesium, antimony, salt, talc, barite, cement, coal, fluorspar, gold, graphite, iron, steel, lead, mercury, molybdenum, phosphate rock, rare earths, tin, tungsten, bismuth and zinc.

What is China’s most valuable resource?

China’s most important mineral resources are hydrocarbons, of which coal is the most abundant. Although deposits are widely scattered (some coal is found in every province), most of the total is located in the northern part of the country.

What country has the most oil?

The World’s Top Oil Producers of 2019United States. The United States is the top oil-producing country in the world, with an average of 19.51 million b/d, which accounts for 19% of the world’s production. … Saudi Arabia. The Kingdom of Saudi Arabia contributes 11.81 million b/d, representing 12% of the world’s total production. … Russia. … Canada. … China.

Which country has cheapest gold?

Hong KongHong Kong could be the country with the cheapest gold price in the world. You can walk into a number of banks and purchase gold coins, often with a lower premium compared to other countries.

Which country has more diamond?

RussiaRussia and the Democratic Republic of Congo hold the world’s largest diamond reserves, totaling 650 million carats and 150 million carats, respectively, as of 2019. Based on production volume, Russia and Australia are.