The G-7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, has met regularly since the mid-1980s at the finance minister and central bank governor level. The G-20 has also met regularly since 1999 at the finance minister and central bank governor level. In 2008, the G-20 country leaders began meeting regularly to address the global financial crisis and in 2009 the G-20 was elevated to the premier international economic forum. The members of the G-20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S., as well as the European Union, represented by the rotating council presidency and the European Central Bank.
Please find recent news and updates regarding the Treasury Department’s engagement with the G7 and G20 in the News section.
The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member".
, which includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, has met regularly since the mid-1980s at the finance minister and central bank governor level. The G-20 has also met regularly since 1999 at the finance minister and central bank governor level.
The Group of Twenty (G20) is a critical forum for the world's major economies to build mutual understanding and foster collaboration in the face of global challenges.
The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member".
The G7 brings together the world's advanced economies to influence global trends and tackle pervasive and crosscutting issues, as well as emergent global crises.
The G20 provides a platform for the United States to engage directly with the world's largest advanced and emerging economies to promote U.S. interests and meet global geopolitical and socioeconomic challenges with other G20 members which account for more than 80 percent of global gross domestic product, three-quarters ...
The Group of Eight (G8) was an inter-governmental political forum from 1997 until 2014. It had formed from incorporating Russia into the Group of Seven, or G7, and returned to its previous name after Russia was expelled in 2014.
The members of the G-20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S., as well as the European Union, represented by the rotating council presidency and the European Central Bank.
Is China a part of the G7? No, China is one of the biggest economies in the world but due to its low nominal GDP and non-liberal democracy, it is not included in the G7.
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, the African Union and the European Union.
The Group of Twenty (G20), a collection of twenty of the world's largest economies formed in 1999, was conceived as a bloc that would bring together the most important industrialized and developing economies to discuss international economic and financial stability.
India held the G20 presidency in 2023, with the New Delhi Leaders' Declaration released on 9 September 2023. South Africa will host the G20 in 2025, followed by the United States of America in 2026.
The G7 Summits brought together leaders from the United States, Japan, Germany, United Kingdom, France, Italy and Canada, and Russia's inclusion led to the establishment of the G8.
The UN and the G20's intended aims are different: the UN is “committed to maintaining international peace and security”, whereas the G20 is the so-called “premier forum for international economic development”.
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