JUST THE FACTS: G20s ECO­NOMIC WEIGHT

The Star Early Edition - - OPINION & ANALYSIS -

WHAT share of the global econ­omy was rep­re­sented at the July 2017 G20 sum­mit? The G20 nearly two decades on still in­cludes 19 of the world’s 20 largest economies.

1. The 43 coun­tries of the G20 (count­ing all EU mem­ber-coun­tries) pro­duce 85 per­cent of the world’s nom­i­nal GDP ($63.1 tril­lion/R818.57trln).

2. This eco­nomic heft tmakes G20 co-op­er­a­tion on re­solv­ing eco­nomic is­sues of trade, fi­nance and le­gal com­pli­ance across world bor­ders so im­por­tant.

3. The coun­try with the small­est econ­omy rep­re­sented in­di­vid­u­ally in the G20 is South Africa ($313 bil­lion).

4. The largest econ­omy is the US ($18 tril­lion/R233.5trln), which is just ahead of the EU’s 28-mem­ber econ­omy ($16trln/€14.5trln).

5. Although the G20 was formed in 1999, it re­mains fairly rep­re­sen­ta­tive of lead­ing economies.

6. The G20 nearly two decades on still in­cludes 19 of the world’s 20 largest economies. (Spain and the Nether­lands are rep­re­sented via the EU).

7. Switzer­land is the only top-20 econ­omy not rep­re­sented in the G20 in any ca­pac­ity.

8. South Africa’s econ­omy is smaller than the non-G20 economies of Nige­ria, Iran, Thai­land, Norway, Venezuela, the UAE or Egypt.

9. Th­ese non-G20 coun­tries are all key eco­nomic or po­lit­i­cal play­ers in their re­spec­tive re­gions.

This ar­ti­cle ini­tially ap­peared on The Glob­al­ist. Fol­low The Glob­al­ist on Twit­ter: @the­glob­al­ist

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