What Are The Most Valuable Natural Resources?

What is the most important resource on earth?

Soil.

Soil is one of the most important natural resources on Earth, being required both directly and indirectly for food production, manufacturing of industrial raw materials, and for generation of energy sources.

Soil is essential for the function of ecosystems providing nutrients, oxygen, water, and heat..

Who uses the most natural resources?

While China is becoming the world’s leader in total consumption of some commodities (coal, copper, etc.), the U.S. remains the per capita consumption leader for most resources.

What are the 10 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

What resources will run out first?

Here are six already under severe pressure from current rates of consumption:Water. Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. … Oil. The fear of reaching peak oil continues to haunt the oil industry. … Natural gas. … Phosphorus. … Coal. … Rare earth elements.

Is Venezuela rich in resources?

On the other hand, there is Venezuela, a country rich in resources. It is one the world’s top oil producers at the same time gas prices are soaring. The rich soil and temperate climate allow for productive agriculture and the country is rich in gold and other minerals.

Which country is rich in resources?

northam.co.za The most resource-rich country in the world is… probably Saudi Arabia. But oil isn’t the only valuable resource. A Citi report lists the richest countries in terms of metals and ore.

Which country holds 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…•

What is the most valuable natural resource on the earth?

OilOil is one of the most valuable natural resources in the world, and one of the most essential to our modern way of life.

What are the 6 types of natural resources?

Natural resources include oil, coal, natural gas, metals, stone, and sand. Air, sunlight, soil, and water are other natural resources.

What country has the best natural resources?

Some of the countries with the most natural resources in the world include:Australia. Mining is the primary industry in Australia and the main contributor to its economy which earns them over $19.9 trillion per annum. … Democratic Republic of the Congo. … Venezuela. … United States. … Brazil. … Russia. … India. … Canada.More items…•

Which is the most important resources Why?

Human resource is considered to be the most significant resource of a country, which directly contributes to the countries economy with its productivity.

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 country has the most natural gas?

RussiaNatural gas – countries with the largest reserves 2009-2019. Russia has the largest proved natural gas reserves in the world. As of 2019, it had 38 trillion cubic meters worth of the fossil fuel, four trillion cubic meters more than ten years prior.

What resources are most valuable?

Data Is the World’s Most Valuable Resource. Data is now the most valuable resource in the world, beating out oil, according to The Economist.

What is the most resource rich country in the world?

RussiaRussia is the world’s richest country when it comes to natural resources. It leads all other nations in the size of both its natural gas and timber reserves.