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G20 Countries 2024

The G20 is a forum that is used to discuss policies surrounding international financial stability. The forum was originally formed in 1999. The G20 is made up of a group of nations with the most advanced and emerging economies in the world. These countries make up about 85% of global GDP, over 75% of global trade, and approximately two-thirds of the world’s total population. These nations also make up about half of the earth’s total land area.

Summits with the nations’ leaders are held every year. The forum also works with international organizations to create policies and also engages with groups include B20, C20, L20, T20, and Y20.

The presidency of the forum rotates every year, and the president has the responsibility of putting together the G20’s agenda is coordination with other members.

Every year, the president of the G20 invites guest countries to add to the agenda and participate in events. Past guests included Malaysia, Zimbabwe, and Sengal. There are also several permanent guest invitees including the Financial Stability Board, Spain, the United Nations, the World Bank Group, and the World Trade Organization.

  • While the G20 does not have an official ranking system, the importance of its member countries can be assessed based on various factors such as GDP, political influence, trade, and global impact.
  • The below table gives insights into G20 Countries Ranking based on GDP growth (Date December 2022)

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Country
G20 Member
GDP Growth (Dec 2022)
GDP Growth (Prev)
United States$25,463$23,315
China$17,963$17,820
Japan$4,231$5,006
Germany$4,072$4,260
India$3,385$3,150
United Kingdom$3,071$3,122
France$2,783$2,958
Russia$2,240$1,837
Canada$2,140$2,001
Italy$2,010$2,114
Brazil$1,920$1,650
Australia$1,675$1,553
South Korea$1,665$1,811
Mexico$1,414$1,273
Indonesia$1,319$1,187
Saudi Arabia$1,108$869
Turkey$906$819
Argentina$633$487
South Africa$406$419

Which countries are part of the G-20?

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and United States. The European Union is also part of the G-20.

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