G7

Extracted Attributes

• Core Values

  Pluralism, liberal democracy, and representative government

• Entity Type

  Intergovernmental political and economic forum

• 2025 Presidency

  Canada

• Founding Context

  Response to the 1973 energy crisis and oil shock

• Member Countries

  Canada, France, Germany, Italy, Japan, United Kingdom, United States

• Non-enumerated Member

  European Union

• Global GDP Share by PPP

  Approximately 30%

• Global Population Share

  Approximately 10% (780 million people)

• Global Nominal GDP Share (2024)

  Over 44%

• Global Nominal Net Wealth Share

  Approximately 50%

Timeline

• The 'Library Group' of finance ministers from the US, West Germany, France, and the UK meets informally at the White House. (Source: Web Search (Wikipedia))

  1973-03-25

• The first summit of the Group of Six (G6) is held in Rambouillet, France, to discuss the global economic crisis. (Source: Web Search (G7 Italia))

  1975-11-15

• Canada joins the group at the San Juan summit in Puerto Rico, officially forming the G7. (Source: Web Search (Canada.ca))

  1976-06-27

• The European Economic Community (now the European Union) begins participating in G7 summits. (Source: Web Search (G7 Italia))

  1977-05-07

• Russia formally joins the group at the Denver summit, expanding it to the G8. (Source: Web Search (Wikipedia))

  1997-06-20

• The Muskoka Initiative is launched, with G7 partners pledging $7.3 billion USD for maternal, newborn, and children's health. (Source: Web Search (International.gc.ca))

  2010-06-25

• Russia is suspended from the group following the illegal annexation of Crimea, and the group reverts to the G7 format. (Source: Web Search (G7 Italia))

  2014-03-24

• G7 members contribute to the adoption of the Paris Agreement on climate change. (Source: Wikipedia)

  2015-12-12

• The Charlevoix Declaration on Quality Education is signed, mobilizing $3.8 billion USD for the education of women and girls. (Source: Web Search (International.gc.ca))

  2018-06-08

• Canada is scheduled to assume the rotating G7 presidency for the 2025 calendar year. (Source: Wikipedia)

  2025-01-01

G7

The Group of Seven (G7) is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around shared values of pluralism, liberal democracy, and representative government. G7 members are major IMF advanced economies. Originating from an ad hoc gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major global issues, especially in the areas of trade, security, economics, and climate change. Each member's head of government or state, along with the EU's Commission president and European Council president, meet annually at the G7 Summit; other high-ranking officials of the G7 and the EU meet throughout the year. Representatives of other states and international organizations are often invited as guests, with Russia having been a formal member (as part of the G8) from 1997 until its expulsion in 2014. The G7 is not based on a treaty and has no permanent secretariat or office. It is organized through a presidency that rotates annually among the member states, with the presiding state setting the group's priorities and hosting the summit; Canada presides for 2025. While lacking a legal or institutional basis, the G7 is widely considered to wield significant international influence; it has catalyzed or spearheaded several major global initiatives, including efforts to combat the HIV/AIDS pandemic, provide financial aid to developing countries, and address climate change through the 2015 Paris Agreement. However, the group has been criticized by observers for its allegedly outdated and limited membership, narrow global representation, and inefficacy. The rise of BRICS+ for example, with its expanded membership and focus on South-South cooperation, reflects a broader shift in global power dynamics, with emerging economies gaining greater influence in international affairs. The G7 countries have together a population of about 780 million people (or almost 10% of the world population), comprise around 50% of worldwide nominal net wealth and as of 2024 more than 44% of world nominal GDP and about 30% of world GDP by purchasing power parity.

Web Search Results

• G7 - Wikipedia

  The concept of a forum for the capitalist world's major industrialized countries emerged before the 1973 oil crisis. On 25 March 1973, the United States secretary of the treasury, George Shultz, convened an informal gathering of finance ministers from West Germany (Helmut Schmidt), France (Valéry Giscard d'Estaing), and the United Kingdom (Anthony Barber) before an upcoming meeting in Washington, DC. United States president Richard Nixon offered the White House as a venue, and the meeting was subsequently held in its library on the ground floor; the original group of four consequently became known as the "Library Group". In mid-1973, at the Spring Meetings of the International Monetary Fund and the World Bank, Shultz proposed the addition of Japan, which all members accepted. The informal [...] ## Member country data [edit] The G7 is composed of the seven wealthiest advanced countries. The People's Republic of China, according to its data, would be the second-largest with 17.90% of the world net wealth, but is excluded because of its relatively low net wealth per adult and Human Development Index. As of 2021, Crédit Suisse reports the G7 (without the European Union) represents around 53% of the global net wealth; including the EU, the G7 accounts for over 60% of the global net wealth. The combined population of the G7 countries is about 10% of world population. Overview of G7 members [...] The G7 has continued to take a strong stance against Russia's "destabilising behaviour and malign activities" in Ukraine and elsewhere around the world, following the joint communique from the June 2021 summit in the U.K. The group also called on Russia to address international cybercrime attacks launched from within its borders, and to investigate the use of chemical weapons on Russian opposition leader Alexei Navalny. The June 2021 summit also saw the G7 commit to helping the world recover from the global COVID-19 pandemic (including plans to help vaccinate the entire world); encourage further action against climate change and biodiversity loss; and promote "shared values" of pluralism and democracy.

• About G7 - G7/G20 Documents Database

  The G7 is an informal forum of heads of state and government. Accordingly, there is no firmly established secretariat, procedural guidelines or administrative structures. At the time of the G7's founding, the member states were the seven most important industrialized nations in the Western world. The G7 presidency rotates each calendar year among the member states. [...] --- G7 / G20: Documents Database - Link to start page Document collection My collectionMain navigation # About G7 The Group of Seven (G7) was founded in 1975 in response to the oil crisis and includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The European Union, which has observer status, is excluded from the rotating chairmanship. With the inclusion of Russia in 1998, the group temporarily became the G8. In 2014, the group returned to the G7 format. The G7 originally dealt exclusively with issues related to the development of the global economy. Over the years, it has broadened its agenda. It now covers the entire spectrum of global issues, such as foreign and security policy, trade, climate and development. [...] The changing agenda and thematic priorities of the G7 are determined by the respective presidency. Decisions are usually taken by consensus. The annual G7 summit is concluded with the adoption of a joint communiqué, plus accompanying reports and work plans. In addition to the summit meeting of heads of state and government, a number of varying ministerial meetings are also held in the run-up to the summit. The type, number and topics of ministerial meetings are determined by the respective presidency. An overview of all G7 documents can be found here. ## Cookie Notice

• About the G7

  # About the G7 The Group of Seven (G7) is an informal grouping of 7 of the world’s advanced economies and the European Union. Its members meet annually at the G7 Summit to discuss global economic and geopolitical issues. ## On this page: ### Members and presidency### History of the G7### 50th anniversary of the G7### Canada and the G7 ## Members and presidency The G7 is made up of 7 member countries and the European Union. It’s organized through a presidency that rotates annually in the following order: The Presidents of the European Council and the European Commission represent the EU. They are not part of the hosting rotation. G7 leaders meet each year at a summit to discuss pressing issues and build consensus on coordinated actions. [...] Geopolitical crises Global economy Energy security Critical minerals Artificial intelligence and quantum technologies Foreign interference Migrant smuggling Wildfires Secure high-standard critical mineral supply chains, drive public and private sector adoption of AI, and boost cooperation to unlock the potential of quantum technology to grow our economies Mount a multilateral effort to better prevent, fight and recover from wildfires Safeguard the rights of everyone in society and our sovereignty by continuing to combat foreign interference Counter migrant smuggling by dismantling transnational organized crime groups. The 2025 G7 Leaders’ Summit took place during the G7’s 50th anniversary year. [...] The country assuming the G7 presidency is responsible for setting the agenda for the year as well as hosting and organizing the summit, along with several meetings between ministers and senior officials throughout the year. ## History of the G7 The G7’s origin stems from meetings held in the 1970s between the finance ministers from France and Germany. Both later became leaders of their countries during the global oil crisis of the mid-1970s, which severely impacted the world’s largest economies. 1. ### 1975 In 1975, France, Germany, Italy, Japan, the United Kingdom and the United States formed the Group of Six to discuss how to respond to major economic concerns following the crisis. 2. ### 1976 A year later, Canada was invited to join the Group of Seven. 3. ### 1980s

• About the G7 - G7 Italia

  Go to main contentGo to the footer Presidency of the Council of Ministers ITA: italiano ENG: english # G7 2024 Follow us on: Facebook: opens a new window X Twitter: opens a new window Instagram: opens a new window YouTube: opens a new window Flickr: opens a new window # About the G7 The Group of Seven (G7) is an informal forum that brings together Italy, Canada, France, Germany, Japan, the United Kingdom, and the United States of America. The European Union also participates in the Group and is represented at the summits by the President of the European Council and the President of the European Commission. ## Historical background [...] ## Historical background The Group was established as a platform for economic and financial cooperation in response to the 1973 energy crisis. The first Summit of Heads of State and Government was held in 1975 in Rambouillet, France. It included France, the United States of America, the United Kingdom, Germany, Japan, and Italy. In 1976, with the admission of Canada, the G7 took its current configuration. Since 1977, representatives of the European Economic Community, now the European Union, also participate in the work of the Group. The EU does not hold the rotating presidency of the G7. The G7 expanded into the G8 between 1997 and 2013, with the inclusion of Russia. However, Russia’s participation was suspended in 2014 following the illegal annexation of Crimea. [...] The Summit, the G7 Presidency’s centerpiece, is attended by the Heads of State and Government of the seven Member States, representatives of the European Union, as well as States and International Organizations invited by the Presidency. The G7 Summit concludes with the adoption of a communiqué outlining important political commitments. These communiques – and more broadly the G7 decisions – have a significant influence on global governance and decision-making processes.

• Canada and the G7

  ## Overview The G7 is a an informal grouping of advanced democracies that meets at the level of Leaders, ministers and officials to coordinate approaches to global economic stability, threats to international peace and security, and other transnational issues. As a member of the G7, Canada plays a leading role on the international stage and is able to advance domestic and international priorities. ## Canada’s G7 presidency [...] ## Language selection Français Government of Canada ## Search # Canada and the G7 The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies, including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union. ## Overview Overview of Canada and the G7. ## Canada’s G7 presidency Learn about our seventh presidency of the G7. ## How the G7 works Learn about the G7 organization. ## Reports Official G7 reports related to Canada's engagement and priorities. ## News, declarations and statements Official Government of Canada news items, declarations, statements, and announcements. ## Overview [...] Over the years, the G7 has been an important forum to amplify Canadian priorities and initiatives in the fields of global health and security, democracy, biodiversity, as well as women and girls’ education. For instance, in 2018, the Charlevoix Declaration on Quality Education galvanized $3.8 billion for education for women and girls, the G7 Rapid Response Mechanism was created to counter foreign threats to democracy, and the Gender Equality Advisory Council (GEAC) was established to promote and integrate gender equality across the G7 agenda. In 2010, under the Muskoka Initiative, Canada and its global partners pledged more than USD $7.3 billion to support Maternal, Newborn and Children Health, and committed to supporting Strengthening Civilian Security Systems initiatives to reduce

• Instance Of

  Q29441572

• Inception Date

  11/1/1975