The Group-7 ric countries, meet at Deauville in France was held in June The Group of Seven (G7) is an international intergovernmental economic organization consisting of the seven largest IMF-advanced economies in the world: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. As of 2018 , the seven countries involved represent of the global net wealth ($317 trillion) and more than of the global gross domestic product (GDP) based on nominal values, and more than of the global GDP based on purchasing power parity. The European Union is an invitee to G7.