Fact Check: Romania Is NOT EU's Richest Country In Natural Resources

Fact Check

  • by: Lead Stories Staff
Fact Check: Romania Is NOT EU's Richest Country In Natural Resources Others Richer

Is Romania the richest country in the EU in terms of natural resources? No, that's not true: While Romania does have significant natural resource deposits, other EU and non-EU European states are documented as equally rich or richer in natural resources.

The claim originated from a video (archived here) on TikTok, published on April 11, 2023 by the account @bzi_romania (archived here), under the title (translated into English by Lead Stories staff): "Romania should be the Dubai of Europe. We're the richest European country in terms of resources - Diana Șoșoacă, senator of Iași."

This is what the post looked like on TikTok at the time of writing:

TikTok screenshotView image

(Source: TikTok screenshot taken on Thu Apr 20 06:30:06 2023 UTC)

The written caption and description say "Europe," while the speaker in the video says "the EU."

Documented analysis of EU and European natural resource wealth does not place Romania at the top.

Norway (member of the European Economic Area) has significant oil deposits and is among the world's largest exporters of natural gas, according to National Geographic (archived here) and The International Energy Agency (archived here), and the Netherlands is among Europe's other major producers of natural gas (along with the U.K., no longer in the EU).

A 2015 report commissioned by the European Commission on the interaction of resource and labor productivity (archived here) included an analysis of EU countries with the greatest share of raw material input. It featured Romania at the top in agriculture, energy supply and petroleum and coal products among countries like France, Italy, Germany and Poland, but Romania was not listed as a top raw material source.

2021's Eurostat on EU resource productivity (described as quantifying the relationship between the size of the economy and the use of natural resources - archived here) showed that in 2019 the Netherlands had the highest resource productivity, followed by Italy, Luxembourg and Belgium. Although resource productivity is not the same as the presence of the natural resource itself, Bulgaria, Romania and Estonia registered the lowest levels of resource productivity.

  Lead Stories Staff

Lead Stories is a fact checking website that is always looking for the latest false, deceptive or inaccurate stories (or media) making the rounds on the internet.

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Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or inaccurate stories, videos or images going viral on the internet.
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