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Wednesday, June 23, 2021

Group of Seven

International intergovernmental economic organization


Group of Seven
Group of Seven

The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Its members are the world's largest IMF-advanced economies and wealthiest liberal democracies; the group is officially organized around shared values of pluralism and representative government. As of 2018, the G7 accounts for close to 60% of global net wealth ($317 trillion), 32–46% of global gross domestic product (GDP) and for about 770 million people or 10% of the world's population. Most members are great powers in global affairs and maintain mutually close economic, military, and diplomatic relations.

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