G20 is a forum of leading world’s major Economies. It was conceived at G7 finance ministers and central governors meeting in 1999. It neither has a headquarters nor any staff. It focuses on issues of global importance. Some of the topics which were focused in the past are global economy, financial markets, tax & fiscal policy, trade, agriculture, jobs, energy, fight against corruption, 2030 Sustainable Development Agenda etc. It covers 85% Global Economic Output, 66% World Population, 75% International Trade and 80% Global Investment.
It consists of nineteen countries and European Union. These countries are:
Spain is permanently invited to these meetings.
The G20 countries are divided into five groups:
The presidency is rotated between these groups.
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