G20 (Group of 20)

    By
    Andrey Orlov
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    G20The G20 is a group of major economies that are represented by their respective heads of government, finance ministers and central bank governors.

    The managing director of the International Monetary Fund, the president of the World Bank and the chairman of the Development Committee of the World Bank and the IMF also take part in the meetings.

    The G20 is composed of 19 countries and the European Union, which is represented by the president of the European Council and the European Central Bank. Germany, France, Great Britain and Italy are among the 19 countries, even though they are already members of the EU.

    Composition

    Country Inhabitants in millions Inhabitants in % GDP in billions (US$) GDP in %
    World 7,000 100 54,620 100
    USA 304.0 4.5 13,840 25.3
    Japan 127.2 1.9 4,384 8.0
    Germany 82.4 1.3 3,322 6.0
    United Kingdom 61.0 0.9 2,773 5.1
    France 64.0 1.0 2,560 4.7
    Italy 60.3 0.9 2,105 3.9
    Canada 33.2 0.5 1,432 2.6
    Russia 140.7 2.1 1,290 2.4
    China 1,330 19.1 3,251 6.0
    Brazil 196.4 2.9 1,314 2.4
    India 1,148 17.1 1,099 2.0
    South Korea 48.4 0.7 957 1.8
    Australia 21.0 0.3 908.0 1.7
    Mexico 110.0 1.6 893.4 1.6
    Turkey 71.9 1.1 729.4 1.2
    Indonesia 237.5 3.5 432.9 0.8
    Saudi Arabia 28.1 0.4 376 0.7
    South Africa 48.8 0.7 282.6 0.5
    Argentina 40.5 0.6 260 0.5
    European Union 501.0 7.4 16,830.1 31.0
    G20 4,385.7 65.5 48,213.1 88.3