The Group of Seven (G7) is a global multinational organization formed in 1975. The G7 countries meet every year to address matters of mutual concern such as global economic governance, international security and energy policy.
The G7 countries are the United Kingdom, Canada, France, Germany, Italy, Japan, and the United States. G20 includes all the countries of G7. There is no official charter or secretariat for the G7. The rotating chair, which rotates between member states every year, is in charge of defining the agenda. Before the summit, Sherpas, ministers and diplomats do the ground work. The G7 countries, particularly the United States and Germany, play important roles in the global economy as large exporters.
In 2021, they exported goods worth more than US$1 trillion. In 2022, G7 countries contributed 30% of total global gross domestic product (GDP), and this is expected to decline to 28% by 2027. Additionally, it is estimated that in addition to the G7, the GDP of the G20 countries will also contribute. About 44.5% of total global GDP in 2027, with an increase of about 2% from 2022.
Powered by TOPICFLIX
About the Author
Manish love to write and he is a Civil Servant. Users can follow Manish on Instagram 
Tinkathiya System – तिनकठिया प्रणाली
The Tinkathia system, often called the “tinkathia contract” or the “indenture system,” was an unfair…
क्यों ऑस्ट्रेलिया को एक सुदूर जेल के रूप में बसाया गया था ?
ऑस्ट्रेलियाई महाद्वीप की खोज डचमैन विलेम जांज़ून (Dutchman Willem Janszoon) ने 1606 ईस्वी में की…
विश्व इतिहास के बड़े साम्राज्य (Big Dynasty in World History)
जब आप दर्ज इतिहास में सबसे बड़े साम्राज्य के बारे में सोचते हैं तो आपके…
चंद्रशेखर सीमा (Chandrashekhar limit) क्या है ?
चंद्रशेखर लिमिट या सीमा (Chandrashekhar limit) एक स्थिर सफेद बौने तारे का अधिकतम द्रव्यमान है।…
आईयूसीएन (अंतर्राष्ट्रीय प्रकृति संरक्षण संघ) [IUCN kya hai] -UPSC-GK [hindi]
आईयूसीएन (अंतर्राष्ट्रीय प्रकृति संरक्षण संघ-IUCN) एक अंतरराष्ट्रीय संगठन है जो संधारणीय विकास के लिए काम…
द्वितीय चीन-जापानी युद्ध (Second Sino-Japanese War), 1937
दूसरा चीन-जापानी युद्ध (Sino-Japanese War) जुलाई 1937 में मार्को पोलो ब्रिज घटना के साथ शुरू…