G7

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. In addition, the European Union is a ’non-enumerated member’. Its members are the world’s largest IMF advanced economies and liberal democracies;[1][2] the group is officially organized around shared values of pluralism and representative government.[3] As of 2020, the collective group accounts for over 50 percent of global net wealth (which is $418 trillion),[4] 32 to 46 percent of global gross domestic product,[n 1] and approximately 770 million people or 10 percent of the world’s population.[5] Members are great powers in global affairs and maintain mutually close political, economic, social, legal, environmental, military, religious, cultural, and diplomatic relations. From 2022, Germany has taken over the rotating presidency of the G7, following the presidency of the United Kingdom.[6]