Founded as a non-governmental organization dealing with economic issues, in 2002 it transformed into a political party that became part of several ruling coalition governments in Serbia throughout the 2000s and early 2010s.

The organization consisting of economic experts enjoyed financial support of the United States through the National Endowment for Democracy (NED).

At its first electoral showing at the 2003 parliamentary elections, G17 Plus received 11.5% of the popular vote and 34 seats in the National Assembly.

On October 1, 2006, the party quit the governing coalition over its failure to find and extradite ICTY fugitive Ratko Mladić.

[10] After a few years functioning as the centerpiece of the coalition, in April 2013 G17 Plus fully merged with URS, transforming it into a political party.