Top 8 Countries With Most Natural Resources

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1. Libya

Total Natural Resources Rents As % Of GDP: 61%

Libya, holding approximately 48.4 billion barrels, boasts Africa’s largest proven oil reserves. Its most prolific field, Sharara, plays a significant role in the country’s oil production capacity. Oil is pivotal to the Libyan economy, supplying the majority of foreign exchange earnings. However, the sector has encountered instability and conflict in recent years. Efforts to stabilize the country and achieve peace are vital for effectively leveraging its resource wealth.

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