Sport-Related Costs Of The Olympic Games

Olympic

Well, the exact cost is difficult to pin down, but hosting an Olympics is a financially risky proposition. From 1968 through 2014, the average Summer Olympic Games had an average sports-related cost of $5.21 billion , while the average Winter Olympics costs $3.11 billion, according to a study by Bent Flyvbjerg, Alexander Budzier, and Allison Stewart for the Saïd Business School.

They looked at the sports-related cost and cost overrun for most Olympic games since 1968. And these figures only include sports-related costs – inflation-adjusted, 2015 USD.

However, the title of the “most expensive Olympic games ever” goes to the Russia’s Sochi 2014 Winter Olympics – $21.9 billion.

Question: Is it worth it? And if so, for whom?

Answer: Countries that host the Olympics do it for the prestige and fame that comes with the athletes and media attention —- and are widely popular and appreciated.

Sport-Related Costs Of The Summer Olympic Games

GamesCountryYearEventsAthletesCost (Billion USD)
RomeItaly19601505338n/a
TokyoJapan196416351520.282
Mexico CityMexico19681725516n/a
MunichGermany197219572341.009
MontrealCanada197619860486.093
MoscowSoviet Union198020351796.331
Los AngelesUSA198422168290.719
SeoulSouth Korea19882378397n/a
BarcelonaSpain199225793569.687
AtlantaUSA1996271103184.143
SydneyAustralia2000300106515.026
AthensGreece2004301106252.942
BeijingChina2008302109426.810
LondonUK20123021056814.957
RioBrazil2016306105004.557
Average23981775.213
Median23783974.791

Sport-Related Costs Of The Winter Olympic Games

GamesCountryYearEventsAthletesCost (Billion USD)
Squaw ValleyUSA196027665n/a
InnsbruckAustria19643410910.022
GrenobleFrance19683511580.888
SapporoJapan19723510060.117
InnsbruckAustria19763711230.118
Lake PlacidUSA19803810720.435
SarajevoYugoslavia1984391272n/a
CalgaryCanada19884614321.109
AlbertvilleFrance19925718011.997
LillehammerNorway19946117372.228
NaganoJapan19986821762.227
Salt Lake CityUSA20027823992.520
TorinoItaly20068425084.366
VancouverCanada20108625662.540
SochiRussia201498278021.890
Average5516523.112
Median4614321.997
Dr. Amarendra Bhushan Dhiraj

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CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director of CEOWORLD magazine, the leading global business magazine written strictly for CEOs and forward-thinking high-level executives. He is an extensively kudized author, journalist, and internationally syndicated columnist.
Dr. Amarendra Bhushan Dhiraj

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