In which one of the following groups are all the four countries members of G20?

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UPSC Civil Services Exam (Prelims) GS Official Paper-I (Held On: 2020)
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  1. Argentina, Mexico, South Africa and Turkey
  2. Australia, Canada, Malaysia and New Zealand
  3. Brazil, Iran, Saudi Arabia and Vietnam
  4. Indonesia, Japan, Singapore and South Korea

Answer (Detailed Solution Below)

Option 1 : Argentina, Mexico, South Africa and Turkey
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Detailed Solution

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The correct answer is option 1.

Key PointsG20 Overview:

  • The G20 is an international forum for global economic cooperation that consists of 19 countries , the European Union, African Union
  • The G20 members represent 85% of the world economy, 75% of global trade, and two-thirds of the world's population.
  • G20 Member Countries:
    • Argentina
    • Australia
    • Brazil
    • Canada
    • China
    • France
    • Germany
    • India
    • Indonesia
    • Italy
    • Japan
    • Republic of Korea (South Korea)
    • Mexico
    • Russia
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Kingdom
    • United States
    • European Union
  • Hence, the correct answer is option 1.

Additional Information

  • 2023 G20 Summit:
    • India is hosting the G20 Leaders' Summit in 2023. The G20 was established in 1999, and its current chairman is Narendra Modi.
    • The summit is formally known as the "Summit on Financial Markets and the World Economy."
  • Other International Groups:
    • G7: Canada, France, Germany, Italy, Japan, the UK, and the USA.
    • SCO (Shanghai Cooperation Organization): China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Pakistan, India, and Uzbekistan.
    • BIMSTEC: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
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