Group of Seven
|Group of Seven and the European Union|
The G7-nations (blue) and the European Union (teal) in the world
United States (2020 host)
The Group of Seven (G7) is an international political group made up of the seven largest IMF-described advanced economies in the world: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
History[change | change source]
Since 1975, the group meets annually on summit site to discuss economic policies; since 1987, the G7 Finance Ministers have met at least semi-annually, up to four times a year at stand-alone meetings.
On 2 March 2014, then-G8 criticized the "Russian Federation's violation of the sovereignty and territorial integrity of Ukraine." As a result, Russia was removed from the G8 which was later renamed G7 as there are now seven leaders in the group.
Country leaders and EU representatives (as of 2019)[change | change source]
Wealth data[change | change source]
|Member||Trade mil. USD (2014)||Nom. GDP mil. USD (2014)||PPP GDP mil. USD (2014)||Nom. GDP per capita USD (2014)||PPP GDP per capita USD (2014)||HDI (2017)||Population (2014)||Permanent members of UN Security Council||DAC||OECD||Economic classification (IMF)|
|European Union||4,485,000||18,527,116||18,640,411||36,645||36,869||0.899||505,570,700||N/A||N/A||Emerging and Developing/Advanced|
List of leaders[change | change source]
Also see[change | change source]
- Group of Eight (G8)
References[change | change source]
- "World Economic Outlook Database". International Monetary Fund. imf.org. October 2017. "Major Advanced Economies (G7)".
- Research Institute – Global Wealth Databook 2018
- "Report for Selected Countries and Subjects". www.imf.org.
- "G7/8 Ministerial Meetings and Documents". G8 Information Centre. University of Toronto. 2014. Retrieved 14 March 2014.
- "Statement by G7 Nations". G8 Info Ctr. University of Toronto. 2 March 2014. Retrieved 10 March 2014.
- "Gross domestic product". IMF World Economic Outlook. October 2015. Retrieved 14 October 2015.
- "World Economic Outlook data". IMF. 2014. Retrieved 19 October 2014.
- 23 out of 28 EU countries are classified as advanced. 5 out of 28 EU countries are classified by the IMF as Emerging and Developing Europe