Group of Eight - G-8

DEFINITION of 'Group of Eight - G-8'

Eight of the world's economically leading countries that in a cooperative effort meet periodically to address international economic and monetary issues.

BREAKING DOWN 'Group of Eight - G-8'

G-8 is considered global policy making at its highest level. The G-8 includes the Group of Seven countries along with Russia. Russia, although not a full member, has been in attendance since 1994.