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
gollark: Also, I have *some* of the bids?
gollark: > yeah its unicode in... some unicode encodingYou had better be using UTF-8.
gollark: It is, presumably, encrypted with the other datæ.
gollark: Or, er, doubly dethroned.
gollark: `euapioduofluoropseudochromohazard` redethroned cÖral.

See also

References
  1. https://digital.la84.org/digital/collection/p17103coll10/id/3009/rec/1
  2. https://www.telegraph.co.uk/sport/olympics/2307426/London-2012-must-learn-from-the-1bn-Sydney-hangover.html
  3. "Official Report of the XXIst Olympiad Montréal 1976" (PDF). International Olympic Committee. 1978. Archived from the original (PDF) on 2016-09-12. Retrieved 2014-02-13.
  4. "XIII Olympic Winter Games Lake Placid - Final Report" (PDF). International Olympic Committee. Retrieved 2014-02-13.
  5. "Official Report of the XXII Olympiad Moscow 1980" (PDF). International Olympic Committee. 1981. Retrieved 2014-02-13.
  6. "FINAL REPORT published by the Organising Committee of the XlVth Winter Olympic Games 1984 at Sarajevo" (PDF). Archived from the original (PDF) on 2013-09-26.
  7. "Official Report of the Games of the XXIIIrd Olympiad Los Angeles, 1984" (PDF). International Olympic Committee. 1985. Retrieved 2014-02-13.
  8. Julia Campbell. "Cost to Host Olympic Games Skyrockets". ABC News. Retrieved August 6, 2013.
  9. "Olympic Cities: Booms and Busts". Cnbc.com. 2012-01-19. Retrieved 2014-02-07.
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  11. "XV Olympic Winter Games: Official Report" (PDF). International Olympic Committee. 1988. Retrieved 2014-02-13.
  12. Flyvbjerg, Bent; Allison Stewart (2012). "Olympic Proportions: Cost and Cost Overrun at the Olympics 1960-2012". Working Paper. Saïd Business School, University of Oxford.
  13. Brunet, Ferran (1995). An economic analysis of the Barcelona’92 Olympic Games: resources, financing and impacts". Working Paper. Universitat Autònoma de Barcelona
  14. "Olympic Cities: Booms and Busts". Cnbc.com. 2012-01-19. Retrieved 2014-02-07.
  15. Nina Berglund. "Lillehammer marks OL anniversary". News In English. Retrieved February 7, 2014. compared to the NOK 8,500,000,000 spent on Lillehammer
  16. "Exchange rate, US dollar (USD)". Norges Bank. Retrieved February 7, 2014. January 1994 7.5109
  17. Schlotterbeck, Bianca (19 January 2012). "Nagano, Japan (Winter 1998)". Olympic Cities: Booms and Busts. CNBC. Retrieved 13 February 2013.
  18. Craig, David (2009). Squandered. Constable & Robinson Limited. p. 300. ISBN 9781849011617.
  19. "Olympic glory at any price? - John Madden & James Giesecke - 26 Jul 2012, Business Spectator". Retrieved 2014-02-12.
  20. "Sydney 2000 - Auditor Slams Costs". Archived from the original on 2005-02-07.
  21. "Hosting the Olympics: cash cow or money pit?". Retrieved 2012-12-17.
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  23. "Olympics budget nearly $2,000,000,000 - Dec 11, 2001 - Sports Illustrated". CNN. 2001-12-11. Retrieved 2014-02-12.
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  27. "How the 2004 Olympics Triggered Greece's Decline - 2012-08-02 - Bloomberg Business". Retrieved 2014-02-12.
  28. "Olympics 'may cost Greece dear' - 2004-06-02 - BBC NEWS". BBC News. 2004-06-02. Retrieved 2014-02-12.
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  30. "Olympic Cities: Booms and Busts". Cnbc.com. 2012-01-19. Retrieved 2014-02-07.
  31. "Turin Winter Olympics 2006 - 2014-02-06 - CIPRA: Living in the Alps". Archived from the original on 2014-02-22. Retrieved 2014-02-12.
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  33. "Beijing Olympics to cost China 44,000,000,000 dollars - 2008-06-08 - Pravda News". Retrieved 2014-02-12.
  34. "Beijing Olympics' profit exceeds 1b yuan".
  35. "Olympics cost B.C. $925M". CBC Sports. July 9, 2010. Retrieved February 4, 2013.
  36. "Vancouver's Olympic Games overstated legacy and ignored true costs - 2014-02-07 - Rabble Canada". Retrieved 2014-02-12.
  37. "IOC HEAD ROGGE HAPPY THAT 2010 VANCOUVER GAMES ARE ON TRACK - 2014-02-12 - TSN.ca". Retrieved 2014-02-12.
  38. "VANCOUVER 2010 TAKES ITS FINAL BOW WITH POSITIVE FINANCIAL FIGURES". Retrieved 20 June 2017.
  39. https://www.cbc.ca/news/canada/british-columbia/vancouver-2010-winter-olympics-debt-free-vanoc-final-report-says-1.2695994
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  46. Bond, David (2012-03-22). "BBC Sport - West Ham get Olympic Stadium after government ups funding". Bbc.co.uk. Retrieved 2014-02-07.
  47. "Sochi 2014: the costliest Olympics yet but where has all the money gone?". The Guardian. Retrieved 2014-02-12.
  48. Downie, Andrew. "Sochi Winter Games made $53 million profit", Reuters, Rio De Janeiro, 27 February 2015. Retrieved on 28 August 2017.
  49. Why Sochi Is By Far The Most Expensive Olympics Ever ADAM TAYLOR, JAN. 17, 2014,
  50. http://qz.com/753250/rio-2016-is-hosting-the-olympics-ever-worth-it/
  51. http://olympics.nbcsports.com/2017/06/14/rio-olympics-cost-13-billion/
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  54. https://www.forbes.com/sites/christinasettimi/2016/08/05/the-2016-summer-olympics-in-rio-by-the-numbers/#178cdff6fa18
  55. Settimi, Christina. "By The Numbers: The 2018 Pyeongchang Winter Olympics". Forbes. Retrieved 2018-03-04.
  56. "PYEONGCHANG 2018 ANNOUNCES SURPLUS OF AT LEAST USD 55 MILLION"
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