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Group of Twenty Finance Ministers and Central Bank Governors
File:G20.png
Abbreviation G-20 or G20
Formation 1999
2008 (Heads of State Summits)
Purpose/focus 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 Flag of South Africa 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 Flag of Everett 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 Flag of Mexico 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 Flag of the Allied States of America 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 Flag of Argentina 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 Flag of Brazil 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 Chinese flag 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 Flag of the East Asian Federation 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 Flag of India 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 Flag of Indonesia 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 Flag of Saudi Arabia 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 Flag of the Union of Soviet Sovereign Republics 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 Flag of Turkey 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 Flag of the European Union 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 Flag of France 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 Flag of Germany 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 Europa flag 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 Flag of the United Kingdom 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 Flag of Australia Australia Prime Minister TBD Treasurer TBD TBD 502,300 1,507,402 918,978 66,983 40,836 0.929 22,328,632
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