n. (context politics economics English) a group of finance ministers and central bank governors from 20 economies: 19 countries plus the European Union
The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization. The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and central bank governors.
The members include 19 individual countries— Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States—along with the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.
With the G20 growing in stature after its inaugural leaders' summit in 2008, its leaders announced on 25 September 2009 that the group would replace the G8 as the main economic council of wealthy nations. Since its inception, the G20's membership policies have been criticized by numerous intellectuals, and its summits have been a focus for major protests by anti-globalists, nationalists and others.
The heads of the G20 nations met semi-annually at G20 summits between 2009 and 2010. Since the November 2011 Cannes summit, all G20 summits have been held annually.
The G20 is an international group of 20 major economies. The term is also used to refer to any of the G20 summits.
G20 may also refer to:
- G20 developing nations, a trade negotiations bloc of 20+ developing nations
- G20 Research Group at University of Toronto
- G20 (inch units) command in G-code
- G20 version of the Infiniti G-series (Q40/Q60) car
- G20 version of the Chevrolet Van
- G20 model of car manufactured by Ginetta Cars
- Ginetta Junior Championship motor racing series formerly G20 Cup
- G20 Schools, an association of secondary schools
- Glock 20, a 10mm Auto pistol
- County Route G20 in California
- G20 Qingdao–Yinchuan Expressway, in China
- Les XX, a group of twenty Belgian painters, designers and sculptors in 1883
- Bendix G-20, an early Bendix Corporation computer
- Chase XCG-20, an experimental glider tested by the United States Air Force
- Gribovsky G-20 USSR aircraft in mid-1930s
- G-20 version of the Grumman J2F Duck amphibious biplane
- The postcode of the Maryhill district of Glasgow, Scotland