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List of G7 Countries, How G7 Group Works, All Current G7 Leaders, FAQs…

List of G7 Countries: The Group of Seven (G-7) is an intergovernmental organization made up of the world’s largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada. Government leaders of these countries meet periodically to address international economic and monetary issues, with each member taking over the presidency on a rotating basis.

The G-7 was, for a while, known as the Group of Eight (G-8), until 2014 when former member Russia was removed after annexing the region of Crimea illegally from Ukraine. The European Union (EU) is sometimes considered to be a de-facto eighth member of the G-7 since it holds all the rights and responsibilities of full members except to chair or host meetings. list of g7 countries 2019

In Hindi:

सात का समूह (जी-7) दुनिया की सबसे बड़ी विकसित अर्थव्यवस्थाओं से बना एक अंतर सरकारी संगठन है: फ्रांस, जर्मनी, इटली, जापान, संयुक्त राज्य अमेरिका, यूनाइटेड किंगडम और कनाडा। इन देशों के सरकारी नेता समय-समय पर अंतरराष्ट्रीय आर्थिक और मौद्रिक मुद्दों को संबोधित करने के लिए मिलते हैं, प्रत्येक सदस्य बारी-बारी से राष्ट्रपति पद ग्रहण करते हैं। list of g7 countries in the world

जी -7, कुछ समय के लिए, आठ के समूह (जी -8) के रूप में जाना जाता था, 2014 तक जब पूर्व सदस्य रूस को यूक्रेन से अवैध रूप से क्रीमिया के क्षेत्र पर कब्जा करने के बाद हटा दिया गया था। यूरोपीय संघ (ईयू) को कभी-कभी जी -7 का वास्तविक आठवां सदस्य माना जाता है क्योंकि इसमें अध्यक्ष या बैठकों की मेजबानी को छोड़कर पूर्ण सदस्यों के सभी अधिकार और जिम्मेदारियां होती हैं।

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KEY TAKEAWAYS

  • The Group of Seven (G-7) is an intergovernmental organization that meets periodically to address international economic and monetary issues.
  • G-7 countries consist of the U.S., U.K., France, Germany, Italy, Canada, and Japan.
  • The G-7 was formerly referred to as the G-8 until Russia was suspended from the group in 2014 after illegally annexing Crimea.
  • The G-7 is not an official, formal entity and, therefore, has no legislative or authoritative power to enforce the recommended policies and plans it compiles.

About the G7 Countries

Germany

Germany will be hosting the G7 Summit. It has held the G7 Presidency since January 2022. Federal Chancellor Olaf Scholz has invited the heads of state and government to Schloss Elmau in Upper Bavaria.

France

France and Germany launched the World Economic Summit in 1975. It later became the G7. The first meeting took place near Paris. The French President is Emmanuel Macron.

UK

The UK has belonged to the group of leading economic nations since 1975. The country has hosted numerous summits, most recently in Carbis Bay in Cornwall in 2021. The Prime Minister is Boris Johnson.

Italy

Italy was involved in the very first World Economic Summit in France. The Prime Minister is Mario Draghi.

Japan

Japan has belonged to the group of leading economic nations ever since the first summit in 1975. The Prime Minister is Fumio Kishida.

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Canada

Canada was admitted to the group at the 1976 summit in Puerto Rico – the G7 was born. The Prime Minister of Canada is Justin Trudeau.

USA

The United States participated in the first World Economic Summit in 1975, which later developed into the G7. The President is Joe Biden.

EU

The EU has been a member of the G7 since 1981 and has participated at a high level in G7 meetings ever since. The President of the European Commission is Ursula von der Leyen and the President of the European Council is Charles Michel.

List of G7 Countries

List of Seniority of Current G7 Leaders

PersonOfficeIn Office sinceTerm Length
Justin TrudeauPrime Minister of Canada4 Nov 20156 years, 235 days
Emmanuel MacronPresident of France14 May 20175 years, 44 days
Boris JohnsonPrime Minister of the United Kingdom24 July 20192 years, 338 days
Joe BidenPresident of the United States20 Jan 20211 year, 158 days
Mario DraghiPrime Minister of Italy13 Feb 20211 year, 134 days
Fumio KishidaPrime Minister of Japan4 Oct 2021266 days
Olaf ScholzChancellor of Germany8 Dec 2021201 days
List of Seniority of Current G7 Leaders

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What is G7 Grouping?

The G7 is an informal forum of leading industrialised nations, which include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Representatives of the European Union are always present at the annual meeting of the heads of state and government of the G7. Its members are the world’s largest IMF advanced economies and the wealthiest liberal democracies. The group is officially organized around shared values of pluralism and representative government.

This grouping was formed in 1975, as the world suffered from the first oil shock and financial crisis. Six leading industrial countries met for the first time to discuss the global economy. The first meeting was an initiative of then-French president Valéry Giscard d’Estaing and the German chancellor Helmut Schmidt and was held in Chateau de Rambouillet, 50 kilometres south-west of Paris.

Canada joined in 1976 and it became the group of 7 leading countries when Russia joined in 1998, it became the group of 8 but in March 2014, Russia lost its membership after it annexed Crimea. The European Union (EU) has participated in the G7 since 1981 as a “non-enumerated” member, represented by presidents of the European Council.

How the Group of Seven (G-7) Works

  • The major purpose of the G-7 is to discuss and sometimes act in concert to help resolve global problems, with a special focus on economic issues. Since its inception in the early 1970s, the group has discussed financial crises, monetary systems, and major world crises, such as oil shortages.
  • The G-7 has also launched initiatives to fund issues and relieve crises where it sees an opportunity for joint action. Those efforts include several aimed at debt relief for developing nations.
  • In 1996, working with the World Bank, the G-7 launched an initiative for the 42 heavily indebted poor countries (HIPC), along with a Multilateral Debt Relief Initiative (MDRI), a 2005 pledge to cancel the International Development Association debt of countries that have gone through the MDRI program.
  • In 1999, the group also decided to get more directly involved in “managing the international monetary system” by creating the Financial Stability Forum (FSB). The FSB is made up of major national financial authorities, such as finance ministers, central bankers, and international financial bodies.
G7 Countries
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History of the Group of Seven (G-7)

  • The origins of the group date back to the early 1970s, when leaders of the U.S., U.K., France, West Germany, and Japan met informally in Paris to discuss the then recession and oil crisis. That, in turn, inspired French President Valéry Giscard d’Estaing to invite the leaders of those countries, plus Italy, to Rambouillet in 1975 for further discussions on global oil, this time with the country’s leaders joining the finance ministers—an attendance roster that has endured. The next year, Canada was invited to join the group.
  • The host of the G7 summit, also known as the presidency, rotates annually among member countries in the following order: France, United States, United Kingdom, Germany, Japan, Italy, and Canada.

Expansion to G-8

  • The G-7 has responded as the global economy has evolved, including when the Soviet Union pledged to create an economy with freer markets and held its first direct presidential election in 1991. Following a 1994 G-7 meeting in Naples, President Boris Yeltsin held meetings with G-7 member countries, in what became known as the P-8 (Political 8). In 1998, after urging from leaders including U.S. President Bill Clinton, Russia was added to the G-7 as a full member, creating a formal Group of Eight, or G-8.
  • The G-8 ended up being short-lived. In 2014, Russia was suspended from the group after the annexation of Crimea and tensions in Ukraine. As of 2021, Russia has not been invited back to the G-7

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FAQs on List of G7 Countries

What are G7 and G8 countries?

The heads of state and government of the six leading industrial countries (France, Germany, Italy, Japan, the United Kingdom and the United States of America) met in 1975 for the first time to discuss the global economy. They were joined in 1976 by Canada, thus forming the G7, and in 1998 by Russia (G8).

Who is the President of the G7?

Each year the heads of government take turns assuming the presidency, whose job it is to set the agenda for and host the annual summit. The leader who has been in office the longest of the seven leaders is considered the Senior G7 leader; currently Justin Trudeau since December 2021.

Flags of G7 Countries

Is India part of 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.

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Where is the headquarter of the G7?

The choice of Taormina as the headquarters of the G7 was announced by then Prime Minister Matteo Renzi on 4 July 2016.

Why is Canada in G7?

As a member of the G7, Canada plays a leading role on the international stage and is able to promote and deliver on domestic and international priorities. The G7 provides global leadership and plays a powerful catalyst role on issues that are later taken up by other fora with broader global and regional membership. list of countries in g7

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