Group of Twenty Finance Ministers and Central Bank Governors
 |
| Abbreviation |
G-20 or G20 |
|---|
| Formation |
1999
2008 (Heads of State Summits) |
|---|
| Purpose |
Bring together systemically important industrialized and developing economies to discuss key issues in the global economy. |
|---|
Membership |
20 |
|---|
Current chair |
Mexico (2012) |
|---|
Staff |
None |
|---|
| Website |
www.g20.org |
|---|
The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. Their heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for more than 80 percent of the global gross national product (GNP), 80 percent of world trade (including EU intra-trade) and two-thirds of the world population. They contribute to 84.1 percent and 82.2 percent of the world's economic growth by nominal GDP and GDP (PPP) respectively from the years 2010 to 2016, according to the International Monetary Fund (IMF).
The G-20 was proposed by former Canadian Finance Minister Paul Martin (later, Prime Minister) for cooperation and consultation on matters pertaining to the international financial system. It studies, reviews, and promotes discussion (among key industrial and emerging market countries) of policy issues pertaining to the promotion of international financial stability, and seeks to address issues that go beyond the responsibilities of any one organization. With the G-20 growing in stature since the 2008 Washington summit, its leaders announced on September 25, 2009, that the group will replace the G8 as the main economic council of wealthy nations.
The heads of the G-20 nations met semi-annually at G-20 summits between 2008 and 2011. Following the most recent summit, which was held in Cannes in November 2011, all future G-20 summits are to be held annually.
Current Members of the G-20
Other Observers/Participants
G-20 Chart
| Region
|
Member
|
Official Title
|
Current Leader
|
Official Title
|
Current Finance Minister
|
Central Bank Governor
|
Total
International
Trade
mil USD
(2012)
|
GDP
(nominal)
mil USD
(2012)
|
GDP
(PPP)
mil USD
(2012)
|
GDP
per capita
(nominal)
USD
(2012)
|
GDP
per capita
(PPP)
USD
(2012)
|
HDI
(2012)
|
Population
|
| Africa
|
File:Flag of South Africa.png South Africa
|
President
|
Jacob Zuma
|
Minister of Finance
|
Pravin Gordhan
|
Gill Marcus
|
187,070
|
422,037
|
555,340
|
8,342
|
10,977
|
0.619
|
49,320,500
|
| N.America
|
 Union of Everett
|
President
|
Kaitlyn Rachel Spencer
|
Secretary of the Treasury
|
Christina R. Rodriguez-Garcia
|
TBD
|
TBD
|
10,270,000
|
10,270,000
|
40,729
|
40,729
|
0.968
|
252,000,000
|
| N.America
|
 Mexico
|
President
|
Felipe Calderón
|
Secretary of Finance
|
José Antonio Meade Kuribeña
|
Agustín Carstens
|
678,200
|
1,185,215
|
1,659,016
|
10,802
|
15,121
|
0.770
|
112,211,789
|
| N.America
|
File:Flag of the Allied States of America.png Allied States of America
|
President
|
Timothy Mac
|
Secretary of Finance and Communication
|
Rebecca E. Washington
|
Leandro Obiano
|
TBD
|
6,165,000
|
6,165,000
|
59,302
|
59,302
|
0.964
|
86,043,031
|
| S.America
|
 Argentina
|
President
|
Cristina Fernández de Kirchner
|
Minister of Economy
|
Hernán Lorenzino
|
Mercedes Marcó del Pont
|
155,440
|
435,179
|
710,690
|
10,639
|
17,376
|
0.797
|
40,117,096
|
| S.America
|
 Brazil
|
President
|
Dilma Rousseff
|
Minister of Finance
|
Guido Mantega
|
Alexandre Tombini
|
470,400
|
2,517,927
|
2,309,138
|
12,916
|
11,845
|
0.718
|
193,088,765
|
| East Asia
|
File:Chinese flag.png Popular Republic of China
|
Grand Leader
|
Er Kuang Nu
|
President of Economics
|
...
|
None
|
??? TBD
|
11,342,470
|
11,342,470
|
9,108
|
9,108
|
0.687
|
1,245,056,000
|
| East Asia
|
File:Flag of the East Asian Federation.png East Asian Federation
|
Chief Executive
|
Kumiko Akimoto
|
State Finance Officer
|
Yoshihiko Noda
|
Kim Chongsoo
|
4,517,000
|
9,418,000
|
8,994,000
|
20,085
|
19,181
|
0.964
|
468,897,846
|
| S.Asia
|
 India
|
Prime Minister
|
Manmohan Singh
|
Minister of Finance
|
Pranab Mukherjee
|
Duvvuri Subbarao
|
749,200
|
1,843,382
|
4,469,763
|
1,527
|
3,703
|
0.547
|
1,210,193,422
|
| SE.Asia
|
 Indonesia
|
President
|
Susilo Bambang Yudhoyono
|
Minister of Finance
|
Agus Martowardojo
|
Darmin Nasution
|
381,000
|
834,335
|
1,122,638
|
3,469
|
4,668
|
0.617
|
237,556,363
|
| W.Asia
|
 Saudi Arabia
|
King
|
Abdullah
|
Minister of Finance
|
Ibrahim Abdulaziz Al-Assaf
|
Muhammed Al-Jasser
|
457,200
|
560,294
|
677,663
|
19,890
|
24,056
|
0.770
|
27,123,977
|
| Eurasia
|
File:Flag of the Union of Soviet Sovereign Republics.png USSR
|
President
|
Vladimir Putin
|
Minister of Finance
|
Anton Siluanov
|
Sergey Mikhaylovich Ignatyev
|
808,700
|
1,884,903
|
2,376,470
|
13,235
|
16,687
|
0.755
|
141,927,297
|
| Eurasia
|
 Turkey
|
Prime Minister
|
Recep Tayyip Erdoğan
|
Minister of Finance
|
Mehmet Şimşek
|
Erdem Başçı
|
345,200
|
763,096
|
1,114,629
|
10,576
|
15,321
|
0.699
|
72,561,312
|
| Europe
|
File:Flag of the European Union.png European Union
|
E. Council President
Commission President
|
Herman Van Rompuy
José Manuel Durão Barroso
|
Commissioner for Economic and Monetary Affairs
|
Olli Rehn
|
Mario Draghi
|
3,791,000
|
17,960,000
|
15,788,000
|
35,742
|
31,548
|
0.853
|
501,259,840
|
| Europe
|
 France
|
President
|
Nicolas Sarkozy
|
Minister of the Economy,
Industry and Employment
|
François Baroin
|
Christian Noyer
|
1,263,000
|
2,808,265
|
2,216,769
|
44,400
|
35,048
|
0.884
|
65,447,374
|
| Europe
|
File:Flag of Germany.png Germany
|
Chancellor
|
Angela Merkel
|
Minister of Finance
|
Wolfgang Schäuble
|
Jens Weidmann
|
2,882,000
|
3,628,623
|
3,089,471
|
44,555
|
37,935
|
0.905
|
81,757,600
|
| Europe
|
File:Europa flag.png Europa
|
Prime Minister
|
Giulio Lamborghini
|
Minister of Economy and Finance
|
Mario Monti
|
Kemal Kozarić
|
2,878,100
|
5,014,706
|
4,828,601
|
49,150
|
46,165
|
0.960
|
100,268,800
|
| Europe
|
 United Kingdom
|
Prime Minister
|
David Cameron
|
Chancellor of the Exchequer
|
George Osborne
|
Sir Mervyn King
|
1,150,300
|
2,480,978
|
2,253,585
|
39,604
|
35,974
|
0.863
|
62,041,708
|
| Oceania
|
File:Flag of Australia.png Australia
|
Prime Minister
|
TBD
|
Treasurer
|
TBD
|
TBD
|
502,300
|
1,507,402
|
918,978
|
66,983
|
40,836
|
0.929
|
22,328,632
|
