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Group of Seven

The Group of Seven (G7) is an intergovernmental organization consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The heads of government of the member states, as well as the representatives of the European Union, meet at the annual G7 Summit.

As of 2018, the G7 represents 58% of the global net wealth ($317 tln), more than 46% of the global GDP based on nominal values, and more than 32% of the global GDP based on purchasing power parity. The seven countries involved are also the largest IMF-advanced economies in the world.