Which Country Has Most Natural Resources?

Which is the richest continent on earth?

EuropeEurope is considered to be the wealthiest and richest continent, however, there are poor regions especially in the eastern parts of the continent too.

Read more about the European continent here..

Will Africa ever be rich?

Africa is currently the world’s fastest growing continent, with GDP expected to grow by at least six per cent annually until 2023. But while nations such as Nigeria, South Africa and Egypt enjoy relative wealth, the continent is home to three quarters of the world’s poorest countries.

Will China overtake the US economy?

China is expected to surpass the United States to become the world’s largest economy in a little more than a decade, despite escalating hostilities with Washington, a Beijing-based governmental think tank has forecast. … The report also underlines a big assumption in China that the country’s economic rise is unstoppable.

Which 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.

What is the poorest continent on earth?

AfricaAfrica is considered the poorest continent on Earth. Almost every second person living in the states of sub-Saharan Africa lives below the poverty line.

What country is richer than the US?

List of countries/ geographic regions by total wealthRankCountry/geographic regionTotal wealth (billions USD)1United States105,990—Europe90,752—Asia-Pacific (excluding China and India)64,7782China63,827112 more rows

Who has the strongest economy in the world?

The U.S.The U.S. has retained its position of being the world’s largest economy since 1871. The size of the U.S. economy was at $20.58 trillion in 2018 in nominal terms and is expected to reach $22.32 trillion in 2020.

Which country has the least natural resources?

Countries With the Least Natural ResourcesVatican City.Costa Rica.Switzerland.Belgium.Taïwan.Japan.Hong Kong.Gibraltar.More items…•

Which African country has the most natural resources?

Democratic Republic of CongoDemocratic Republic of Congo – rich in copper, cobalt, diamond, oil, coltan, gold, and tin. DRC has one of the richest deposits of mineral resources. Since 1960, DRC has been known for its mineralization as one of the most industrialized countries in Africa.

What country has most gold?

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…•

Who is richer USA or China?

Both country together share 40.75% and 34.27% of total world’s GDP in nominal and PPP terms, respectively in 2019. … Per capita income of United States is 6.38 and 3.32 times greater than of China in nominal and PPP terms, respectively. US is the 8th richest country of the world whereas China comes at 72th rank.

Which country is richest in mineral resources?

Venezuela. This South American country has an estimated $14.3 trillion worth of natural resources. … The United States. Mining is one of the primary industries in the United States. … Russia. Russia’s total estimated natural resources are worth $75 trillion. … India. … 2: Saudi Arabia.

Which country in Africa is richest in minerals?

The following are the most mineral-rich countries in Africa.Botswana – Diamonds. … Democratic Republic of Congo – Diamonds, Copper. … South Africa – Diamonds, Gold, Aluminum, Copper, Platinum, Coal. … Tanzania – Gold. … Namibia – Uranium. … Mozambique – Aluminum. … Zambia – Copper. … Guinea – Bauxite (for aluminum)More items…•

What is a richest country in Africa?

TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion) … 2 | SOUTH AFRICA (GDP: $358.839 Billion) … 3 | EGYPT (GDP: $302.256 Billion) … 4 | ALGERIA (GDP: $172.781 Billion) … 5 | MOROCCO (GDP: $119,04 Billion) … 6 | KENYA (GDP: $99,246 Billion)More items…•

Which country is rich in resources?

With a total natural resource value of 45 trillion U.S. dollars, the U.S. is the second leading country worldwide based on natural resource value after Russia. The among the main contributors to the United States’ natural resource value are coal, timber, natural gas, gold, and copper.