- It is an intergovernmental organisation of leading industrialised nations formed in 1975.
- It meets annually to discuss issues such as global economic governance, international security, and energy policy.
- The host of the G7 summit, also known as the presidency, rotates annually among member countries.
- It was formerly referred to as the G-8 until Russia was suspended from the group in 2014 after annexing Crimea.
- As of 2022, G7 countries make up 10% of the world’s population, 31% of the global GDP, and 21% of global carbon dioxide emissions.