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November 14, 2023 02:00
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G20 Countries are a group of 19 countries along with the European Union and the African Union which counter important global economic issues. Check all G20 Countries List, their Ranking and Flags here.
G20 Countries: The G20, or the Group of 20, is a group of 19 countries along with the European Union and African Union that come together to discuss and tackle important global economic issues. These issues include things like making sure the world’s finances are stable, finding ways to combat climate change, and promoting sustainable development.
The Group of Twenty (G20) stands as the primary platform for international economic cooperation, shouldering a pivotal responsibility in guiding the global economy through its formidable challenges.
The G20’s enduring role in shaping and fortifying global architecture and governance across a spectrum of crucial international economic matters remains undeniably significant.
Since its inception in 1999, following the Global Financial Crisis of 1997-98, the G20 has convened annually. Leaders have been gathering for the G20 Leaders’ Summit since 2008, with a calendar filled with ministerial meetings, sherpa meetings, working groups, and special events throughout the year.
The G20 is made up of the finance ministries of some of the world’s biggest economies, both from developed and developing nations. In fact, these countries combined contribute to about 80% of the world’s total economic output, and 75% of all international trade, and are home to about two-thirds of the world’s population. They also cover about 60% of the world’s total land area.
The G20 members comprise the following member nations: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, and the European Union and African Union. Additionally, Spain holds a permanent invitation as a guest country.
This influential assembly unites the world’s foremost and systemically significant economies, collectively representing a staggering 85% of global GDP, 75% of international trade, and two-thirds of the world’s population.
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In 2023, India takes the helm as the G20 presidency holder, offering an events calendar on the official Indian Government’s website. Indonesia presided over the G20 in 2022, culminating in the release of the G20 Bali Leaders’ Declaration on November 16, 2022. Looking ahead, Brazil is set to host the G20 in 2024, followed by South Africa in 2025.
The G20, or Group of Twenty, is an international forum for governments and central bank governors from 19 countries, the European Union, and the African Union. It was established in 1999 to discuss policy matters related to global financial stability and economic growth. Check out the complete list of G20 countries of the following member countries:
The G20 members, short for the Group of Twenty, is a significant international forum made up of 19 individual countries, the European Union, and the African Union. Collectively, these G20 nations represent a staggering two-thirds of the entire world’s population. So, if you are wondering how many countries in the G20 are there, check out here:
| G20 Countries List | |||
|---|---|---|---|
| S.no | Country | S.no | Country |
| 1. | Argentina | 11. | Japan |
| 2. | Australia | 12. | Mexico |
| 3. | Brazil | 13. | Russia |
| 4. | Canada | 14. | Saudi Arabia |
| 5. | China | 15. | South Africa |
| 6. | France | 16. | South Korea |
| 7. | Germany | 17. | Turkey |
| 8. | India | 18. | United Kingdom |
| 9. | Indonesia | 19. | United States |
| 10. | Italy | 20. | European Union (represented by the European Commission and the European Central Bank) |
| 21. | African Union | ||
The G20 for 2024 will bring together the world’s major economies, including 19 countries, the European Union, and the African Union, to address pressing global challenges. The member nations represent approximately 85% of the global GDP and 75% of international trade. The G20 Summit 2024 will take place on November 18-19, 2024, in Rio de Janeiro, Brazil, under the presidency of Brazil. This summit aims to focus on inclusive growth, environmental sustainability, and global governance reforms.
G20 Countries: The Group of Twenty (G20) is a collection of major economies from around the world. While the G20 does not have an official ranking system, the importance of its member countries can be assessed based on various factors such as GDP, political influence, trade, and global impact. Here’s a brief overview of the G20 countries and their general importance:
The G20, comprising the world’s major economies, collectively represents a significant portion of global GDP. As of the latest data, the GDP rankings of G20 countries are as follows:
| Rank | Country | GDP (USD Billion) |
|---|---|---|
| 1 | United States | 27,361 |
| 2 | China | 17,795 |
| 3 | Euro Area | 15,545 |
| 4 | Germany | 4,456 |
| 5 | Japan | 4,213 |
| 6 | India | 3,550 |
| 7 | United Kingdom | 3,340 |
| 8 | France | 3,031 |
| 9 | Italy | 2,255 |
| 10 | Brazil | 2,174 |
| 11 | Canada | 2,140 |
| 12 | Russia | 2,021 |
| 13 | Mexico | 1,789 |
| 14 | Australia | 1,724 |
| 15 | South Korea | 1,713 |
| 16 | Spain | 1,581 |
| 17 | Indonesia | 1,371 |
| 18 | Netherlands | 1,118 |
| 19 | Turkey | 1,108 |
| 20 | Saudi Arabia | 1,068 |
| 21 | Switzerland | 885 |
| 22 | Argentina | 641 |
| 23 | Singapore | 501 |
| 24 | South Africa | 378 |
The importance of these G20 countries can shift over time due to changes in economic performance, political dynamics, and global events. Additionally, the G20 provides a platform for member countries to collaborate on global economic and financial issues, making their collective impact greater than the sum of individual rankings.
The G20, short for the Group of Twenty, is a group of 19 individual countries, the European Union, and the African Union. These countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Mexico, Indonesia, Italy, Japan, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.
Check the G20 Members Flags given below:
| Related Article Links | |
| G20 Digital Economic Ministers Meet | G20 Summit List |
| BIMSTEC Countries | National Emblem of India |
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