Question: What Is The Most Valuable Natural Resource On Earth?

Which 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.

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Which is the most important resource of a country?

Answer. Human resource is most important resource. Human resource is essential for any production or service sector…

Which country has most 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…•

Is data worth more than oil?

However, in today’s “data economy,” it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable. … Like oil, raw data’s value comes from its potential to be refined into an essential commodity.

What are the two greatest natural resources in the world?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. … Air. Clean air is necessary for the existence of life on this planet. … Coal. Coal is estimated to be able to last less than 200 more years. … Oil. … Natural gas. … Phosphorus. … Bauxite. … Copper.More items…

What are 20 natural resources?

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

What is the importance of resource?

Natural resources are important in our life because they are used to sustain life and meet people’s requirements. Any natural substance that people utilize can be recognized as a natural resource. For instances, natural resources combine fresh water, timber, oxygen, and solar energy.

Is data worth more than gold?

Data collected in isolation has no value, so like gold, it needs to be manipulated and analysed to get the most out of it. Therefore like gold, data is a commodity. And it is the insight mined from this valuable resource that is the currency that gives you and your company the means to drive organic growth.

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.

What is the most important thing in HR?

Human Resources is not just about payroll, change management and budgets. The most important aspect of HR is still people. The main function of any HR department is to find, attract and retain the best people for the available positions in your business.

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.

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.

What country is the richest?

United StatesUnited States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.

What is the most scarce resource in the world?

The six natural resources most drained by our 7 billion peopleWater. 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.

What is the world’s most valuable commodity?

Gold. The world’s most popular precious metal, gold will never go out of fashion. It has always been highly appreciated across different cultures and markets and has historically served as a proxy of prosperity and wealth. One of the most widely-traded metal commodities, gold is very rare and difficult to find.

Is data the most valuable asset on earth?

The world’s most valuable resource is no longer oil, but data. In today’s digitally transformed and connected world, data is produced in vast streams daily, at a mind-boggling volume and pace. A global ‘rush’ is now on to tap data flows and extract value.

What are the most valuable resources in the world?

Top 11 Natural ResourcesWater. Like soil, water is one of the most important natural resources for the existence of life.Soil. … Timber. … Salt. … Oil. … Natural Gas. … Coal. … Iron. … More items…•

Which is the most important resource and why?

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