The Group of Seven (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United

Kingdom, and the United States. These countries, with the seven largest advanced economies in the
world, represent 58% of the global net wealth ($317 trillion).

What is the G7?

Also known as the Group of Seven, these countries are the seven largest economies of
the world.
Together, they represent more than 62 per cent of the global net wealth ($280trillion).
The group was founded in the early 1970s as the seven countries discussed concerns
about the collapse of the oil industry.
Since then, 43 summits have been held across the globe as members discuss
everything from the environment to the economy.

Which countries are members?

The seven members are:

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

How often are summits held?

Summits are held annually, and hosted on a rotation basis by the group's members.
This year's summit on June 8-9 was hosted by Canada in Quebec.

What does the group do?

The Group of Seven (G7) is an informal grouping of seven of the world’s advanced
economies, as well as the EU and European Commission.
It offers the leaders of these nations to come together and tackle the most challenging
global issues of the time.
In the last 40 years, the G7 claims to have "strengthened security policy, mainstreamed
climate change and supported disarmament programmes".