Group of Seven

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Group of Seven (G-7)

The G-5 countries plus Canada and Italy.

Group of Seven

Also called G-7. An informal group composed of the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada (listed by nominal GDP). The G-7 represents the world's leading industrial democracies. Their finance ministers/secretaries meet annually to discuss economic cooperation and other matters. The G-7 does not have a permanent secretariat, but rather gives an informal forum for leaders to meet and discuss ideas.