7 Things You should know about the G20


With the G20 (Group of Twenty) summit about to be held in Hangzhou, China, these are seven facts one should know about the group:

  1. The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies.
  2. It was founded in 1999.
  3. It was created with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.
  4. Their first meeting was in 2008.
  5. The G20 is comprised of 19 individual countries along with the European Union.
  6. Collectively, the G20 economies account for around 85 per cent of the gross world product (GWP), 80% of world trade.
  7. It accounts for two-thirds of the world population.


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