Discover the G20 nations’ economic prowess and leaders at the 2023 Summit in Delhi, India. Explore their GDP rankings, goals, and global impact.

Date: September 9, 2023 Location: Delhi, India In a grand display of international cooperation, leaders from 19 prominent countries and the European Union are converging on Delhi for the two-day G20 Summit 2023, commencing on September 9th. The iconic venue,…

Date: September 9, 2023

Location: Delhi, India

In a grand display of international cooperation, leaders from 19 prominent countries and the European Union are converging on Delhi for the two-day G20 Summit 2023, commencing on September 9th. The iconic venue, Bharat Mandapam at Pragati Maidan, has been artfully adorned with flora and festive decor, illuminated with a majestic 28-foot Nataraja statue, setting the stage for this influential gathering.

G20 Summit 2023: Leaders gather in Delhi.
G20 Summit 2023: Leaders gather in Delhi.

The G20, established in 1999 following the Global Financial Crisis of 1997-98, has evolved into a critical platform for addressing pressing global economic issues. This assembly of finance ministries from major economies represents an astounding 85% of global GDP, 75% of international trade, and approximately two-thirds of the world’s population.

The G20’s enduring role in shaping global economic matters remains indisputably significant. While its Leaders’ Summit has convened annually since 2008, the calendar is filled with ministerial meetings, sherpa gatherings, working groups, and special events throughout the year.

G20 Member Nations

The G20 comprises 19 individual countries and the European Union, collectively responsible for about 80% of the world’s economic output, 75% of global trade, and home to roughly two-thirds of the world’s inhabitants. Spain also holds a permanent invitation as a guest country.

Here is the list of G20 member nations:

S.no Country S.no Country
1. Argentina 11. Japan
2. Australia 12. Mexico
3. Brazil 13. Russia
4. Canada 14. Saudi Arabia
5. China 15. South Africa
6. France 16. South Korea
7. Germany 17. Turkey
8. India 18. United Kingdom
9. Indonesia 19. United States
10. Italy

G20 Presidency

In 2023, India holds the G20 presidency, with Indonesia having presided over the G20 in 2022. Brazil and South Africa are slated to host the G20 in 2024 and 2025, respectively.

G20 Leaders and Their Designations

The G20 Leaders represent a diverse group of nations, each with its unique role in the global economic landscape. Here’s a list of the G20 Leaders and their designations:

Country Leader Leader Designation
India Narendra Modi (Host) Prime Minister
Argentina Alberto Fernández President
Australia Anthony Albanese Prime Minister
Brazil Luiz Inácio Lula da Silva President
Canada Justin Trudeau Prime Minister
China Xi Jinping President
France Emmanuel Macron President
Germany Olaf Scholz Chancellor
Indonesia Joko Widodo President
Italy Giorgia Meloni Prime Minister
Japan Fumio Kishida Prime Minister
Mexico Andrés Manuel López Obrador President
Russia Vladimir Putin President
Saudi Arabia Salman bin Abdulaziz Al Saud King
South Africa Cyril Ramaphosa President
South Korea Yoon Suk-yeol President
Turkey Recep Tayyip Erdoğan President
United Kingdom Rishi Sunak Prime Minister
United States Joe Biden President
European Union Ursula von der Leyen President of the European Commission
European Union Charles Michel President of the European Council

G20 Countries by GDP

Although the G20 doesn’t officially rank its member nations, their significance can be gauged through factors such as GDP, political influence, trade, and global impact. Here’s a snapshot of the G20 countries’ economic prowess based on GDP data:

Position Country GDP (Dec/22, USD Billion)
1 United States 25,463
2 China 17,963
3 Euro Area 14,041
4 Japan 4,231
5 Germany 4,072
6 India 3,385
7 United Kingdom 3,071
8 France 2,783
9 Russia 2,240
10 Canada 2,140
11 Italy 2,010
12 Brazil 1,920
13 Australia 1,675
14 South Korea 1,665
15 Mexico 1,414
16 Spain 1,398
17 Indonesia 1,319
18 Saudi Arabia 1,108
19 Netherlands 991
20 Turkey 906
21 Switzerland 808
22 Argentina 633
23 Singapore 467
24 South Africa 406

While these rankings are not fixed and can change over time, the G20 provides a collaborative platform for these nations to address global economic challenges, amplifying their collective influence beyond individual rankings.

G20’s Focus in 2022

The 17th G20 Summit in Bali, Indonesia, held in October 2022, under the Indonesian Presidency, emphasized three primary pillars:

  1. Global Health Architecture: Ensuring equitable access to COVID-19 vaccines.
  2. Sustainable Energy Transition: Promoting sustainable economic development and transitioning to renewable energy sources.
  3. Digital Transformation: Embracing the digital economy as a driver of growth and innovation.

Indonesia aimed to lead in facilitating fair vaccine access, fostering sustainable development through micro-, small-, and medium-sized enterprises (MSMEs), and embracing the digital economy.

The G20 remains a vital forum for addressing the world’s most pressing economic challenges and shaping the global economic landscape.

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