General Knowledge - G-20 : Must know facts

G-20 Must Know facts for Competitive Exams

The G20 is a major platform for dialogue and coordination between developed and developing big countries.
Collectively, the G-20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.

The G-20 was founded in 1999 as a forum for cooperation and consultation.

Unlike some other international organizations, the G20 has no permanent staff of its own.

The G-20 Summit was created as a response both to the financial crisis of 2007–2010 and to a growing recognition that key emerging countries were not adequately included in the core of global economic discussion and governance

Since the November 2011 Cannes summit, all G-20 summits have been held annually.
 
The G20 chair rotates between members and is selected from a different regional grouping of countries each year.

Members of G-20 Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.

In 2014, G20 Summit was hosted by Australia. Turkey took over the presidency from Australia and will host the event in Antalya in 2015. With China being selected for the 2016 presidency, the G20 troika would now consist of Turkey, Australia and China.
Summary of recent and future summits of G-20 :

1st Summit	Washington DC-2008
2013	Saint Petersburg- Russia
2014	Brisbane- Australia - 9th Summit
2015	Antalya- Turkey
2016	China