According to the history countries that had a lof of natural resources were more developed than others. However, with evolution of the science not only new opportunities to earn money were found but also created new ways of extraction and usage of natural resources. Therefore, the impcat of natural resources on economy was not reduce.
The differences in geographical location is one of the most important reason of economic variety among the world. For instanse, shares of natural resources in country's Gross Domestic Product.The visualisation shows situation with natural resources from economic point of view in the XXI century.
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What is the expenditure approach? The expenditure method to calculating GDP is an approch that totals consumption, investment, government spending, and net exports (exports minus imports).
Historical Data 1970-2012 GDP at current US$ GDP at current PPP int.$ Real GDP Growth GDP Ranking GDP by country GDP per capita GDP per capita Ranking General indicators of economic development: charts, tables, rankings, maps, historical data See also: Agriculture | Commodities | Demographics | Economics | Education | Energy | Environment | Exchange Rates | Food Security | Foreign Trade | Healthcare | Land Use | Poverty | Research and Development | Telecommunication | Tourism | Transportation | Water | World Rankings
Source: UN National Accounts
Source: IMF World Economic Outlook, April 2014