The World Forest Report provides insights into global forest resources and rankings based on the area covered by forests. The top 5 countries with the largest forest areas as per the report are:
1) Russia  -  Home to the largest forest area in the world.
2) Brazil  -  Known for its vast Amazon rainforest.
3) Canada  -  Large forests across the country, especially in its northern and temperate zones.
4) USA  -  A significant portion of its land is covered by forests, especially in Alaska and the Pacific Northwest.
5) China  -  Has seen significant growth in forest area due to afforestation efforts.
Significance of the Report:
• These countries collectively hold a significant portion of the world's forests, which play a critical role in climate regulation, biodiversity conservation, and carbon sequestration.
• The inclusion of Brazil and China reflects the global efforts to increase forest cover and combat deforestation.