G7, G8, and G20 are abbreviations for international groups of countries. G7 stands for "Group of Seven" and includes the United States, Japan, Germany, United Kingdom, France, Italy, and Canada. G8 is the same as G7 but with the addition of Russia. G20 stands for "Group of 20" and was created in 1999 after the financial crisis in Asia to include emerging markets. Its members represent 85 percent of global economic output and it’s a little less exclusive than the G7. The members are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.
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