Cost of the Olympic Games

Sports-related costs for the Summer Games since 1960 is on average US$5.2 billion and for the Winter Games $393.1 million dollars.

The table below is listing the costs of the Games. Due to the multitude of reporting methods, the table contains both the operating costs and total final costs (which include various infrastructure upgrades and security costs), known and not estimated. Net loss or gain are measured against the operating budgets. Intangible costs (such as to the environment and society) and benefits (through tourism) are not included here.

Table

Host City Year Final Operating
Budget
Total Costs Taxpayer Contribution Profit/Loss Year Debt Paid Off Notes
Athens Summer Olympics 1896 3,740,000 ₯[1] Donations by George Averoff of 1,000,000 ₯ covered potential losses
London Summer Olympics 1908 US$394,000 est.[1] £6,377
Chamonix Winter Olympics 1924 3,500,000₣ 2,000,000₣
Paris Summer Olympics 1924 5,496,610₣[1]
Amsterdam Summer Olympics 1928 $1,183,000[1] $18,000
St. Moritz Winter Olympics 1928 CHF706,000 CHF104,800
Los Angeles Summer Olympics 1932 $1,000,000[1]
Berlin Summer Olympics 1936 $30,000,000[1]
London Summer Olympics 1948 £761,688[2] £29,000[1]
Helsinki Summer Olympics 1952 1,580,000,000 mk[1] 49,000,000 mk
Melbourne Summer Olympics 1956 A£5,400,000[2] A£300,000[1]
Tokyo Summer Olympics 1964 US$72,000,000[2] US$1,926,000,000[1]
Mexico City Summer Olympics 1968 US$176,000,000[2]
Munich Summer Olympics 1972 1,972,000,000 DM[1]
Montreal Summer Olympics 1976 CDN$207,000,000[3] CDN$1,410,000,000[3] CDN$990,000,000[3] 2006 A special tobacco tax was introduced in May 1976 to fund the loss
Lake Placid Winter Olympics 1980 US$49,000,000[4] US$169,000,000[4]
Moscow Summer Olympics 1980 US$231,000,000[5] US$1,350,000,000[5]
US$2,000,000,000[1]
US$1,190,000,000 deficit 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[6] US$110,900,000[6] US$10,000,000 [6] The first Olympics since 1948 to make a profit
Los Angeles Summer Olympics 1984 US$320,000,000[7] US$413,000,000[7] $75,000,000[8][9] US$250,000,000[10] 1984 The first Summer Olympics since 1932 to make a profit[9]
Calgary Winter Olympics 1988 CDN$438,000,000[11] CDN$899,000,000[11] CDN$425,000,000[11] CDN$32,000,000[11] 1988
Seoul Summer Olympics 1988 US$4,000,000,000 US$300,000,000[10] 1988 A record profit for a government-run Olympiad
Barcelona Summer Olympics 1992 US$850,000,000 US$9,300,000,000[12] US$10,000,000[10] 1992 Operating costs were put at 9.1% of the total cost. The vast majority of spending was to improve infrastructure.[13]
Albertville Winter Olympics 1992 US$1,200,000,000 on infrastructure[14] US$67,000,000[14]
Lillehammer Winter Olympics 1994 US$1,100,000,000[15][16] US$250,000,000[15][16]
Atlanta Summer Olympics 1996 US$1,800,000,000 US$609,000,000[8] US$19,000,000 1996 Despite the profit, Atlanta's heavy reliance on corporate sponsorship drew criticism of commercialization
Nagano Winter Olympics 1998 ~US$10,000,000,000 in new infrastructure[17] Net loss Estimated 2015[17] The full cost of the Nagano Olympics is unknown, due to Nagano Olympic Bid Committee vice-secretary general Sumikazu Yamaguchi ordering accounting documents burned[17]
Sydney Summer Olympics 2000 A$6,600,000,000 [18][19] A$3,000,000,000 (A$363,5000,000 borne by the public) A$2,050,000,000[20] US$2,100,000,000 loss [21] 2000
Salt Lake City Winter Olympics 2002 US$2,000,000,000 [22] US$1,200,000,000 [23] US$600,000,000[24] US$101,000,000[25] 2002 Additional security costs were incurred in the wake of the September 11 attacks
Athens Summer Olympics 2004 US$15,000,000,000[26] US$9,000,000,000[27] US$6,200,000,000[28] US$14,500,000,000[29] The cost of the 2004 Athens Summer Games has been cited as a contributor to the Greek government-debt crisis. Many of the venues lie vacant and rotting; the Independent newspaper reports as many as 21 out of 22 are unused.[30]
Turin Winter Olympics 2006 US$700,000,000[31] US$3,200,000[32] The Italian government created a lottery game to cover its financial losses.
Beijing Summer Olympics 2008 US$44,000,000,000[33] CNY 1,000,000,000 (US$146,000,000)[34] 2008
Vancouver Winter Olympics 2010 CDN$ 1,700,000,000 (US$1,260,000,000)[35] US$ 6,400,000,000[36] US$ 2,300,000,000[37] CDN$ 1,900,000[38]
2014 [39] Included in the total US$6,400,000,000 cost are the $1,000,000,000 for security, $2,500,000,000 for transportation extensions and upgrades, and $900,000,000 for the new Vancouver Convention Centre (An additional $554,000,000 was spent by the city including a portion on the Olympic Village).[36][40][41]
London Summer Olympics 2012 US$10,400,000,000[42] US$14,600,000,000[43] US$4,400,000,000[44] GBP £nil[45] 2012 Additional costs include $90 million for converting the Olympic Stadium (London) to a football venue[46]
Sochi Winter Olympics 2014 US$51,000,000,000[47] US$53,150,000[48] The most expensive Olympic Games in history, surpassing the previous record set by the 2008 Beijing Summer Olympic Games.[49]
Rio de Janeiro Summer Olympics 2016 US$13,100,000,000 [50][51] US$11.6 billion [52][53] US$2.0 billion [54]
Pyeongchang Winter Olympics 2018 US$12,900,000,000[55] US$55,000,000[56]
Tokyo Summer Olympics 2021
Beijing Winter Olympics 2022
Paris Summer Olympics 2024
Milano Cortina Winter Olympics 2026
Los Angeles Summer Olympics 2028
TBA 2032

See also

References

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  2. https://www.telegraph.co.uk/sport/olympics/2307426/London-2012-must-learn-from-the-1bn-Sydney-hangover.html
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