How Much Money Do Countries Make From The Olympics

Upkeep of Olympic Games

The Olympic Games, considered to be the world'due south foremost international sporting event with over 200 nations participating,^[1] has historically had the highest costs and expenses for the hosts, with the estimated toll of the 2016 Summer Games in Rio de Janeiro beingness at approximately US$11.ane billion.^[2]

Sports-related costs for the Summer Games since 1960 is on average US$5.2 billion and for the Winter Games $393.one million dollars. The highest recorded total toll was the 2014 Sochi Winter Olympics, costing approximately US$55 billion. The 2016 Rio de Janeiro Summer Games experienced the biggest loss recorded at approximately US$2 billion.^[iii]

Costs [edit]

The current highest cost of hosting the Olympic Games was the 2016 Rio de Janeiro Summer Games, costing approximately US$11.1 billion. In guild to run into the requirements gear up out past the International Olympic Committee (IOC)^[4] The Rio de Janeiro council had to invest heavily in edifice the necessary facilities/venues, and an entirely new subway line. The lack of a solid infrastructure to back up these investments led to the council underestimating their costs past 25%.^[5]

The costs of hosting the Olympic Games can be classified into 2 categories; infrastructure and operational costs.

Infrastructure [edit]

General infrastructure [edit]

The costs of general infrastructure consist of preparing the necessary infrastructure to suit the influx of tourists and athletes in the host city. The International Olympic Committee requires a minimum of forty,000 hotel rooms bachelor for visiting spectators and an Olympic Village that is able to house 15,000 athletes as well as referees and officials.

Internal and external transportation facilities that tin send spectators into and out of the host city as well every bit from venue to venue are also required by the Committee. These requirements are often met through renovations to already-built facilities or construction of entirely new facilities. These facilities include train/subway lines, roads, airports

Sports infrastructure [edit]

The host metropolis is as well required past the Commission to invest in sport-specific infrastructure that meets their requirements. Facilities must attain the specific seating and condom protocols gear up by the Olympic Committee, often requiring refurbishments in order to practise so, particularly less-used facilities such every bit natatoriums and velodromes.

Operating costs [edit]

One time the necessary infrastructure is put in place, the Olympics require a large amount of spending on operating costs throughout the duration of the Games. Historically, the most significant operating costs for the hosts have been outcome direction, arrangement and preparation of the opening and closing ceremonies and increasingly in recent years, security.

Table [edit]

The tabular array beneath lists the costs of hosting the Olympic Games. Due to the multitude of reporting methods, the tabular array contains both the operating costs and total final costs (which include various infrastructure upgrades and security costs), likewise as both known and non estimated figures. Net loss or proceeds are measured against the operating budgets. Intangible costs (such as to the environs and society) and benefits (through tourism) are not included here.

Host City	Yr	Final Operating Budget	Total Costs	Taxpayer Contribution	Profit/Loss	Year Debt Paid Off	Notes
Athens Summer Olympics	1896		3,740,000 ₯[6]				Donations by George Averoff of i,000,000 ₯ covered potential losses
Paris Summer Olympics	1900
St. Louis Summer Olympics	1904
London Summer Olympics	1908		US$394,000 est.[6]		£6,377
Stockholm Summer Olympics	1912
Antwerp Summertime Olympics	1920
Chamonix Winter Olympics	1924		3,500,000₣	two,000,000₣
Paris Summer Olympics	1924				5,496,610₣[6]
St. Moritz Wintertime Olympics	1928		CHF706,000		CHF104,800
Amsterdam Summer Olympics	1928		$i,183,000[6]		$18,000
Lake Placid Winter Olympics	1932
Los Angeles Summer Olympics	1932				$1,000,000[six]
Garmisch-Partenkirchen Winter Olympics	1936
Berlin Summer Olympics	1936		$30,000,000[6]
St. Moritz Winter Olympics	1948
London Summertime Olympics	1948	£761,688[7]			£29,000[6]
Oslo Winter Olympics	1952
Helsinki Summer Olympics	1952		1,580,000,000 mk[6]		49,000,000 mk
Cortina Winter Olympics	1956			lira 460 million
Melbourne Summer Olympics	1956	A£5,400,000[7]			A£300,000[half dozen]
Squaw Valley Winter Olympics	1960	US$80 million[8]
Rome Summer Olympics	1960
Innsbruck Wintertime Olympics	1964
Tokyo Summer Olympics	1964	The states$72,000,000[seven]	US$1,926,000,000[6]
Grenoble Wintertime Olympics	1968
Mexico City Summer Olympics	1968	United states of america$176,000,000[seven]
Sapporo Winter Olympics	1972
Munich Summer Olympics	1972	1,972,000,000 DM[6]
Innsbruck Winter Olympics	1976
Montreal Summer Olympics	1976	CDN$207,000,000[nine]	CDN$ane,410,000,000[nine]		CDN$990,000[9]	2006	A special tobacco revenue enhancement was introduced in May 1976 to fund the loss
Lake Placid Winter Olympics	1980	US$49,000,000[x]	US$169,000,000[10]
Moscow Summer Olympics	1980	United states of america$231,000,000[11]	The states$one,350,000,000[11] United states$two,000,000,000[vi]		U.s.$1,190,000 arrears[ citation needed ]		This was the year that The United States and 64 other Nations boycotted due to the Soviet invasion of Afghanistan.
Sarajevo Winter Olympics	1984	Us$55,400,000[12]	US$110,900,000[12]		United states$10,000,000 [12]		The starting time Olympics since 1948 to make a profit
Los Angeles Summer Olympics	1984	US$320,000,000[thirteen]	U.s.a.$413,000,000[13]	$75,000,000[14] [15]	US$250,000,000[xvi]	1984	The outset Summertime Olympics since 1932 to make a profit[fifteen]
Calgary Winter Olympics	1988	CDN$438,000,000[17]	CDN$899,000,000[17]	CDN$425,000,000[17]	CDN$32,000,000[17]	1988
Seoul Summer Olympics	1988	Usa$4,000,000,000[ citation needed ]			U.s.a.$300,000,000[16]	1988	A record profit for a government-run Olympiad[ citation needed ]
Barcelona Summer Olympics	1992	Usa$850,000,000[ commendation needed ]	Us$nine,300,000,000[18]		US$10,000,000[16]	1992	Operating costs were put at 9.i% of the full price. The vast majority of spending was to improve infrastructure.[19]
Albertville Winter Olympics	1992			United states of america$1,200,000,000 on infrastructure[20]	United states of america$67,000,000[20]
Lillehammer Winter Olympics	1994	US$1,100,000,000[21] [22]		US$250,000,000[21] [22]
Atlanta Summer Olympics	1996	United states$1,800,000,000[ citation needed ]		Usa$609,000,000[xiv]	United states of america$19,000,000[ citation needed ]	1996	Following the model of LA 1984, Atlanta achieved a healthy profit
Nagano Wintertime Olympics	1998			~Usa$ten,000,000,000 in new infrastructure[23]	Net loss[ citation needed ]	Estimated 2015 [23]	The total price of the Nagano Olympics is unknown, due to Nagano Olympic Bid Committee vice-secretarial assistant general Sumikazu Yamaguchi ordering accounting documents burned[23]
Sydney Summer Olympics	2000	A$six,600,000,000 [24] [25]	A$3,000,000,000 (A$three,635,000,000 borne by the public)[ commendation needed ]	A$2,050,000,000[26]	US$ii.one billion [27]	2000
Salt Lake Metropolis Winter Olympics	2002	Usa$2,000,000,000 [28]	Us$one,200,000,000 [29]	US$600,000,000[30]	US$101,000,000[31]	2002	Boosted security costs were incurred in the wake of the September 11 attacks
Athens Summer Olympics	2004	Us$fifteen,000,000,000[32]	The states$nine,000,000,000[33]	US$6,200,000,000[34]	US$fourteen,500,000[35]		The price of the 2004 Athens Summer Games has been cited as a correspondent to the Greek government-debt crunch. Many of the venues prevarication vacant and rotting; the Independent paper reports as many as 21 out of 22 are unused.[36]
Turin Winter Olympics	2006	US$700,000,000[37]			US$iii,200,000[38]		The Italian government created a lottery game to comprehend its financial losses.[ citation needed ]
Beijing Summer Olympics	2008	US$44,000,000,000[39]			CNY i,000,000,000 (U.s.a.$146,000,000)[40]	2008
Vancouver Winter Olympics	2010	CDN$ 1,700,000,000 (US$1,260,000,000)[41]	US$ half dozen,400,000,000[42]	Us$ ii,300,000,000[43]	CDN$ i,900,000[44]	2014 [45]	Included in the total US$6,400,000,000 cost are the $1,000,000,000 for security, $two,500,000,000 for transportation extensions and upgrades, and $900,000,000 for the new Vancouver Convention Heart (An additional $554,000,000 was spent past the city including a portion on the Olympic Village).[42] [46] [47]
London Summer Olympics	2012	US$10,400,000,000[48]	US$xiv,600,000,000[49]	Us$4,400,000,000[50]	GBP £nil[51]	2012	Additional costs include $90 million for converting the Olympic Stadium (London) to a football venue[52]
Sochi Winter Olympics	2014	US$51,000,000,000[53]			United states of america$53,150,000[54]		The most expensive Olympic Games in history, surpassing the previous record set up past the 2008 Beijing Summer Olympic Games.[55]
Rio de Janeiro Summer Olympics	2016	U.s.a.$13,100,000,000 [56] [57]		United states of america$eleven.6 billion [58] [59]	U.s.a.$two.0 billion [60]
Pyeongchang Winter Olympics	2018		The states$12,900,000,000[61]		Usa$55,000,000[62]
Tokyo Summer Olympics	2021	US$15,400,000,000 [63]	US$28,000,000,000 [64]
Beijing Winter Olympics	2022	Usa$3.9 billion[65]
Paris Summer Olympics	2024
Milano Cortina Winter Olympics	2026
Los Angeles Summer Olympics	2028
Brisbane Summer Olympics	2032

See also [edit]

• List of megaprojects
• Olympic Games

References [edit]

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External links [edit]

• What did Olympics bring Sydney

Source: https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games

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