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G20 - Statistics & Facts

The Group of Twenty, more commonly referred to as the G20, is a forum of twenty world’s leading industrialized and emerging economies. G20 summits provide the world’s most important leaders with the opportunity to discuss the issues related to the global economy in an informal setting. The G20 was first established in 1999, in response to criticism that the Group of Seven (G7) was outdated and overly restrictive. Apart from Japan, no other country from outside of North America and Europe is a member of the G7. As such, the G20 seeks to recognize the role of emerging economies in the governance of global affairs.

G20 members

The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, South Korea, Turkey, South Africa, Saudi Arabia, the United Kingdom, the United States and the European Union as a regional governmental body. Together, these countries account for around 90 percent of global gross domestic product (GDP). The data from the International Monetary Fund also suggests that the expansion of the G7 to the G20 is justifiable, as the share of global GDP of the G20 countries is projected to grow over time.

World leading economies

At present, The United States is the largest economy in the G20 in terms of GDP with 21.43 trillion U.S. dollars as of 2019. Given the vast differences in the population numbers of G20 countries, it is not surprising that the largest economies don’t necessarily have the highest per capita GDP rates. While the United States remains at the top of the list, Australia and Germany round out the top three.

What does the expansion of G7 to G20 bring?

The expansion of the summit to the G20 saw diversity in developmental experiences in addition to cultural and geographic factors. While Canada received a score of 77 out of 100 in the most recent addition of the Transparency International Corruption Perceptions Index, Mexico and Russia scored 31 and 30 respectively. The demographics of origin are also highly varied among the G20 economies. Many of the highly industrialized economies, including Australia, Germany, Saudi Arabia, Canada and the United States, have a high share of migrant population. These factors make the discussions more mutli-dimensional as the challenges faced by one country are not necessarily encountered in another country.

Security concerns

The presence of many of the actors that pull the strings of the global economy, as well as the international media that follow such forums, give an ideal opportunity for those unhappy with the global state of affairs to protest. Unfortunately, such events also come with high security concerns from potential terrorist activity. For the 2017 G20 summit in Hamburg, Germany, 15,000 additional police officers were allocated to the city from other German states. With 100,000 protestors expected to demonstrate against the G20 and its participants, 11 helicopters, 62 police horses and 153 police dogs were also deployed in the area.

G20 presidency and the upcoming summit

Since end of October 2021, Indonesia holds the presidency of the G20. The next G20 summit will take place in Bali, on November 15-16, 2022. After Indonesia, India, Brazil, and South Africa will take over the G20 presidency in the coming years.

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