Do Hosting Countries Of The Olympics Make A Profit?
Olympic Cost Comparison Chart
The Olympics are full of pomp and circumstance. From the grandiose opening ceremony to the spirited fans, nationalism and excitement abound. We can’t help but follow the athletes’ compelling stories and watch as record after record is broken.
But it isn’t just the games that are fascinating — the business of the Olympics is interesting as well. This year more than ever people are questioning whether the Olympics are worth the cost, especially if the host country (like Brazil) has never held the games before.
Costs can easily add up if a country has to update its infrastructure and transportation systems, plus pay for the facilitation of the games and security. Historically, countries go significantly over their proposed budget when hosting the Olympics. But it’s an investment they’re willing to make to gain recognition and hopefully receive a return on their investment.
To determine the return of the Olympics, we looked at Olympic games over the past forty years. We compared how much they costed each host country and if the country made a profit or ended up in debt. All costs, profits, and debts have been adjusted for inflation.
Sun, 30 Mar 2025 08:19:14 GMT Despite Los Angeles turning a profit on the Summer Games in 1984, that was a rare budgetary feat and financial shortfalls for host cities are common in recent Olympics history. Los Angeles is in a ...
Thu, 27 Mar 2025 23:34:00 GMT Basketball, swimming and gymnastics are among the marquee sports that should shift locations to increase ticket sales, lower risk for city, according to recommendations.
Wed, 26 Mar 2025 10:03:00 GMT India has been vocal about its ambition to host the 2036 Summer Olympics, with the Indian Olympic Association (IOA) officially ...
Wed, 26 Mar 2025 05:20:00 GMT India has time and again reiterated its desire to host the 2036 Summer Olympics. In October, last year, the Indian Olympic Association (IOA) formally sent a Letter of Intent to the Future Host ...
