![]() | This article possibly contains original research. (November 2021) |
The Olympic Games are considered to be the world's foremost international sporting event with over 200 nations participating.[1] It historically had the highest costs and expenses for the hosts, with the estimated cost of the 2016 Summer Games in Rio de Janeiro being at approximately US$11.1 billion.[2]
Sports-related costs since 1960 have been on average $5.2 billion (USD) for the Summer Games and $393.1 million dollars (USD) for the Winter Games. The highest recorded total cost was that of the 2014 Sochi Winter Olympics, costing approximately US$55 billion. The 2016 Rio de Janeiro Summer Games experienced the biggest loss recorded at approximately $2 billion (USD).[3]