Now let’s see the richest countries in the world by natural resources. Insider Monkey has recently published an interesting article about it. In order to rank richest countries in the world by natural resources, we have consulted several sources such as 247 Wall Street and Insider Monkey’s article on countries that produce the most crude oil in the world, for the information on oil, natural gas, and timber reserves, and Business Insider for metal and ore deposits. These cover almost all of the top 10 natural resources in the world. The important thing to bear in mind when reading the list is that prices of resources are constantly changing and that projections on deposits are also re-evaluated routinely.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the richest countries in the world by natural resources from their list.
The first one is Peru. South American countries are usually rich in resources and the first of them on our list of richest countries in the world by natural resources is Peru. With more than $328 billion in confirmed ore deposits (copper, gold, and zinc,) Peru seems to have foundations for a solid economy. The upcoming country on our list should be Ukraine, which is a very rich country when it comes to iron ore and potash. Unfortunately, a majority of those deposits lie in Eastern Ukraine, currently a scene of bitter fighting between Ukraine security forces and Russia-backed rebels. Whatever the outcome of that struggle, it will take years, if not decades, to fully exploit those resources. Now let’s check out Kazakhstan. The former Soviet republic seems to have it all, oil, natural gas, coal, iron, copper, zinc, and bauxite. The country which ranks 11th on our list of richest countries in the world by natural resources, also serves as a major natural gas hub for pipelines connecting Russia and China. But despite all that wealth, their citizens are yet to feel the benefits. It would seem that resources course isn’t limited to Africa only. At last, but not least we are mentioning Brazil. Iron ore, bauxite, nickel, gold, and potash are some of the most important resources Brazil has. The country also has a world’s most valuable timber reserves, although many would agree that harvesting Amazonia would spell disaster for our already very fragile climate. In fact, some countries, like Norway, pay Brazil not to log rainforest, which seems like a prudent investment.
For any further useful information, read Insider Monkey’s article about 15 richest countries in the world by natural resources.