Saudi Arabia

Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico. Saudi Arabia has $34.4 trillion worth of natural resources—notably oil. The nation has been a leading exporter ever since oil was discovered in 1938.

By 2020, the nation's oil reserves will account for 15% of global reserves, which will significantly impact its economy. However, processing and capacity for natural gas have increased while those for oil have dropped since 2015. The primary fuel used in the nation for power production is hydrocarbon, which includes gases and oils. They are currently thought to be the fifth-largest natural gas reservoir. There are no prizes for figuring out Saudi Arabia's main source of income, but in addition to its plentiful oil reserves—estimated at 268 billion barrels—the Kingdom also has access to natural gas, gold, phosphate, and aluminum. The most recent Future Minerals Forum highlighted the nation's mining ambitions and raised its profile.

Saudi Arabia's other natural resources include copper, feldspar, phosphate, silver, sulfur, tungsten, and zinc.