5 Countries with the Highest Resource Consumption in the World

1. China       

Oil Consumption of barrels per day in 2023 (in thousands): 16,577          

Electricity Consumption (billion kWh): 8,540        

Coal Consumption (short tons in thousands): 5,311,746  

Natural Gas Consumption (billion cubic feet): 12,931       

Biofuel Consumption of barrels per day (in thousands): 78            

Annual Water Consumption (billion-meter cube): 581      

Aggregate Resource Consumption: 5,349,024

China, the third largest in the world by size, is a country in which a whopping 1.4 billion people reside – the second highest in the world. Thus, understandably, one can expect it get listed here. However, what might seem astonishing is the share of consumption of resources the country has – 15% of the world’s resources are consumed by China alone!

“To learn about other top countries with the highest oil consumption in the world, you can check out our detailed report 20 Countries with the Highest Resource Consumption in the World. At Insider Monkey, we delve into a variety of topics, ranging from the best online ESL courses to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.