Visualizing the Cost of Hosting the Olympics

The New Diplomat
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The Paris Olympics areĀ estimatedĀ to cost over $9 billion to host, making them one of the less expensive Summer Oylmpic Games in recent memory.

This graphic lists the estimated cost of hosting the Olympics (Summer and Winter) in 2021 USD. It goes back to the 1996 Atlanta Summer Olympics. The figures come from various sources and were accessed via theĀ Council on Foreign Relations.

Costly Infrastructure

The cost of hosting the Olympics has varied massively in recent years, from Sochi’s $59.7 billion to Salt Lake City’s $2.9 billion (2021 USD).

Year Country City Summer/Winter Cost (2021 USD)
1996 šŸ‡ŗšŸ‡øĀ U.S. Atlanta Summer 4.2
1998 šŸ‡ÆšŸ‡µĀ Japan Nagano Winter 17.9
2000 šŸ‡¦šŸ‡ŗĀ Australia Sydney Summer 8.1
2002 šŸ‡ŗšŸ‡øĀ U.S. Salt Lake City Winter 2.9
2004 šŸ‡¬šŸ‡·Ā Greece Athens Summer 18.7
2006 šŸ‡®šŸ‡¹Ā Italy Turin Winter 5.3
2008 šŸ‡ØšŸ‡³Ā China Beijing Summer 52.7
2010 šŸ‡ØšŸ‡¦Ā Canada Vancouver Winter 8.9
2012 šŸ‡¬šŸ‡§Ā United Kingdom London Summer 13.3
2014 šŸ‡·šŸ‡ŗĀ Russia Sochi Winter 59.7
2016 šŸ‡§šŸ‡·Ā Brazil Rio de Janeiro Summer 13.0
2018 šŸ‡°šŸ‡·Ā South Korea Pyeongchang Winter 15.4
2020 šŸ‡ÆšŸ‡µĀ Japan Tokyo Summer 35.0

 

One of the biggest costs associated with hosting the Olympics is infrastructure. This includes sports facilities such as arenas and general infrastructure like housing and transportation.

This is typically higher for summer games, which can attract hundreds of thousands of tourists.

The International Olympic Committee requires cities to have at least 40,000 hotel rooms for spectators and an Olympic Village that can house 15,000 athletes and officials.

As a result, despite generating billions of dollars in revenue, the Olympics can leave aĀ negative legacyĀ for a host city if not carefully planned or executed.

For example, aĀ reportĀ by the University of Birmingham concluded that the most expensive event—Sochi in 2014—left the Russian resort vastly overdeveloped relative to its actual occupancy levels. The report estimates that over a billion dollars of follow-up investment is required to maintain the underused infrastructure, including transport networks, sporting venues, and hotels.

Credit: Visual Capitalist

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