How Important is the G7?

Key takeaways

• G7 countries represent 28.4% of global GDP at purchasing power parity (PPP), down significantly from its 50% share in the 1980s
• In terms of population, the G7 is even less important, with under 10% of the world’s 8.2 billion people
• The G7 punches above its weight in terms of military spending, thanks to the U.S.