Cost of the Olympic Games - wikipedia Cost of the Olympic Games This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of original research should be removed. ( February 2018 ) Sports - related costs for the Summer Games since 1960 is on average USD 5.2 billion and for the Winter Games USD 3.1 billion dollars. Severe cost overruns made the 2014 Winter Olympics the most expensive Olympics in history ; with Russian politician Boris Nemtsov citing allegations of corruption among government officials, and Allison Stewart of the Saïd Business School at Oxford citing tight relationships between the government and construction firms. While originally budgeted at US $12 billion, the budget expanded to US $51 billion, surpassing the estimated $44 billion cost of the 2008 Summer Olympics in Beijing, making Sochi the most expensive Olympics in history. The table below is listing the not so hard 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 not so total benefits ( through tourism ) are not included here. Contents 1 Table 2 See also 3 References 4 External links 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 ₯ Donations by George Averoff of 1,000,000 ₯ covered potential losses London Summer Olympics 1908 US $394,000 est. £ 6,377 Chamonix Winter Olympics 1924 3,500,000 ₣ 2,000,000 ₣ Paris Summer Olympics 1924 5,496,610 ₣ Amsterdam Summer Olympics 1928 $1,183,000 $18,000 St. Moritz Winter Olympics 1928 CHF 706,000 CHF104, 800 Los Angeles Summer Olympics 1932 $1,000,000 Berlin Summer Olympics 1936 $30,000,000 London Summer Olympics 1948 £ 761,688 £ 29,000 Helsinki Summer Olympics 1952 1,580,000,000 mk 49,000,000 mk Melbourne Summer Olympics 1956 A £ 5,400,000 A £ 300,000 Tokyo Summer Olympics 1964 US $ 72,000,000 Mexico City Summer Olympics 1968 US $ 176,000,000 Munich Summer Olympics 1972 1,972,000,000 DM Montreal Summer Olympics 1976 CDN $ 207,000,000 CDN $ 1,410,000,000 CDN $ 990,000,000 2006 A special tobacco tax was introduced in May 1976 to fund the loss Lake Placid Winter Olympics 1980 US $ 49,000,000 US $ 169,000,000 Moscow Summer Olympics 1980 US $ 231,000,000 US $ 1,350,000,000 USD $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 US $ 110,900,000 US $10,000,000 The first Olympics since 1948 to make a profit Los Angeles Summer Olympics 1984 US $ 320,000,000 US $ 413,000,000 $75,000,000 US $250,000,000 1984 The first Summer Olympics since 1932 to make a profit Calgary Winter Olympics 1988 CDN $ 438,000,000 CDN $ 899,000,000 CDN $ 425,000,000 CDN $ 32,000,000 1988 Seoul Summer Olympics 1988 USD $4,000,000,000 US $300,000,000 1988 A record profit for a government - run Olympiad Barcelona Summer Olympics 1992 US $ 850,000,000 US $ 9,300,000,000 US $10,000,000 1992 Operating costs were put at 9.1 % of the total cost. The vast majority of spending was to improve infrastructure. Albertville Winter Olympics 1992 USD $1,200,000,000 on infrastructure USD $67,000,000 Lillehammer Winter Olympics US $ 1,100,000,000 US $ 250,000,000 Atlanta Summer Olympics US $ 1,800,000,000 US $ 609,000,000 US $ 19,000,000 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 Net loss Estimated 2015 The full cost of the Nagano Olympics is unknown, due to Nagano Olympic Bid Committee vice-secretary general Sumikazu Yamaguchi ordering accounting documents burned Sydney Summer Olympics 2000 A $ 6,600,000,000 A $ 3,000,000,000 ( A $ 363, 5000, 000 borne by the public ) A $ 2,050,000,000 USD $2,100,000,000 loss 2000 Salt Lake City Winter Olympics 2002 US $ 2,000,000,000 US $ 1,200,000,000 US $ 600,000,000 US $ 101,000,000 2002 Additional security costs were incurred in the wake of the September 11 attacks Athens Summer Olympics US $ 15,000,000,000 US $ 9,000,000,000 US $ 6,200,000,000 US $ 14,500,000,000 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. Turin Winter Olympics 2006 US $ 700,000,000 USD $3,200,000 The Italian government created a lottery game to cover its financial losses. Beijing Summer Olympics 2008 US $ 44,000,000,000 CNY 1,000,000,000 ( US $ 146,000,000 ) 2008 Vancouver Winter Olympics CDN $ 1,700,000,000 ( US $ 1,260,000,000 ) US $ 6,400,000,000 US $ 2,300,000,000 CDN $ 1,900,000 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 ). London Summer Olympics 2012 US $ 10,400,000,000 US $ 14,600,000,000 US $ 4,400,000,000 GBP £ nil 2012 Additional costs include $90 million for converting the Olympic Stadium ( London ) to a football venue Sochi Winter Olympics 2014 US $ 51,000,000,000 US $ 53,150,000 The most expensive Olympic Games in history, surpassing the previous record set by the 2008 Beijing Summer Olympic Games. Rio de Janeiro Summer Olympics 2016 US $ 13,100,000,000 US $ 11.6 billion Pyeongchang Winter Olympics 2018 US $ 12,900,000,000 Tokyo Summer Olympics 2020 Beijing Winter Olympics 2022 Paris Summer Olympics 2024 TBA 2026 Winter Olympics 2026 Los Angeles Summer Olympics 2028 TBA 2032 See also List of megaprojects References Jump up ^ Bennetts, Marc ( 19 January 2014 ). `` Winter Olympics 2014 : Sochi Games `` nothing but a monstrous scam, '' says Kremlin critic Boris Nemtsov ``. Telegraph. London. Retrieved 4 February 2014. Jump up ^ `` The Sochi Olympics : Castles in the sand ''. The Economist. 13 July 2013. Retrieved 8 August 2013. ^ Jump up to : http://library.la84.org/SportsLibrary/JOH/JOHv1n1/JOHv1n1f.pdf ^ Jump up to : https://www.telegraph.co.uk/sport/olympics/2307426/London-2012-must-learn-from-the-1bn-Sydney-hangover.html ^ Jump up to : `` Official Report of the XXIst Olympiad Montréal 1976 '' ( PDF ). International Olympic Committee. 1978. Retrieved 2014 - 02 - 13. ^ Jump up to : `` XIII Olympic Winter Games Lake Placid - Final Report '' ( PDF ). International Olympic Committee. Retrieved 2014 - 02 - 13. ^ Jump up to : `` Official Report of the XXII Olympiad Moscow 1980 '' ( PDF ). International Olympic Committee. 1981. Retrieved 2014 - 02 - 13. ^ Jump up to : `` FINAL REPORT published by the Organising Committee of the XlVth Winter Olympic Games 1984 at Sarajevo '' ( PDF ). ^ Jump up to : `` Official Report of the Games of the XXIIIrd Olympiad Los Angeles, 1984 '' ( PDF ). International Olympic Committee. 1985. Retrieved 2014 - 02 - 13. ^ Jump up to : Julia Campbell. `` Cost to Host Olympic Games Skyrockets ''. ABC News. Retrieved August 6, 2013. ^ Jump up to : `` Olympic Cities : Booms and Busts ''. Cnbc.com. 2012 - 01 - 19. Retrieved 2014 - 02 - 07. ^ Jump up to : `` Beijing Olympiad : Profit or Loss ? ''. China Internet Information Center. Retrieved 2008 - 08 - 17. ^ Jump up to : `` XV Olympic Winter Games : Official Report '' ( PDF ). International Olympic Committee. 1988. Retrieved 2014 - 02 - 13. Jump up ^ Flyvbjerg, Bent ; Allison Stewart ( 2012 ). `` Olympic Proportions : Cost and Cost Overrun at the Olympics 1960 - 2012 ''. Working Paper. Saïd Business School, University of Oxford. Jump up ^ Brunet, Ferran ( 1995 ). An economic analysis of the Barcelona'92 Olympic Games : resources, financing and impacts ``. Working Paper. Universitat Autònoma de Barcelona ^ Jump up to : `` Olympic Cities : Booms and Busts ''. Cnbc.com. 2012 - 01 - 19. Retrieved 2014 - 02 - 07. ^ Jump up to : Nina Berglund. `` Lillehammer marks OL anniversary ''. News In English. Retrieved February 7, 2014. compared to the NOK 8,500,000,000 spent on Lillehammer ^ Jump up to : `` Exchange rate, US dollar ( USD ) ''. Norges Bank. Retrieved February 7, 2014. January 1994 7.5109 ^ Jump up to : Schlotterbeck, Bianca ( 19 January 2012 ). `` Nagano, Japan ( Winter 1998 ) ''. Olympic Cities : Booms and Busts. CNBC. Retrieved 13 February 2013. Jump up ^ Craig, David ( 2009 ). Squandered. Constable & Robinson Limited. p. 300. ISBN 9781849011617. Jump up ^ `` Olympic glory at any price ? - John Madden & James Giesecke - 26 Jul 2012, Business Spectator ''. Retrieved 2014 - 02 - 12. Jump up ^ `` Sydney 2000 - Auditor Slams Costs ''. Archived from the original on 2005 - 02 - 07. Jump up ^ `` Hosting the Olympics : cash cow or money pit ? ''. Retrieved 2012 - 12 - 17. Jump up ^ Roberts, Selena ( 2002 - 02 - 04 ). `` IOC 's Rogge Steps into the Cold - Feb 4, 2002 - The New York Times ''. Retrieved 2010 - 02 - 13. Jump up ^ `` Olympics budget nearly $2,000,000,000 - Dec 11, 2001 - Sports Illustrated ''. CNN. 2001 - 12 - 11. Retrieved 2014 - 02 - 12. Jump up ^ `` Mitt Romney 's Olympic history in the spotlight ''. The Daily Telegraph ( Sydney ). 28 July 2012. Jump up ^ `` Salt Lake Tops Forecast - 2002 - 09 - 18 - The New York Times ''. 2002 - 09 - 18. Retrieved 2010 - 02 - 13. Jump up ^ `` As Olympic glow fades, Athens Questions $15,000,000,000 Cost - 2008 - 07 - 21 - The Christian Science Monitor ''. Retrieved 2010 - 02 - 13. Jump up ^ `` How the 2004 Olympics Triggered Greece 's Decline - 2012 - 08 - 02 - Bloomberg Business ''. Retrieved 2014 - 02 - 12. Jump up ^ `` Olympics ' may cost Greece dear ' - 2004 - 06 - 02 - BBC NEWS ''. BBC News. 2004 - 06 - 02. Retrieved 2014 - 02 - 12. Jump up ^ Schlotterbeck, Bianca ( 19 January 2012 ). `` Athens, Greece ( Summer, 2004 ) ''. Olympic Cities : Booms and Busts. CNBC. Retrieved 13 February 2013. Jump up ^ `` Olympic Cities : Booms and Busts ''. Cnbc.com. 2012 - 01 - 19. Retrieved 2014 - 02 - 07. Jump up ^ `` Turin Winter Olympics 2006 - 2014 - 02 - 06 - CIPRA : Living in the Alps ''. Retrieved 2014 - 02 - 12. Jump up ^ `` Olympic Cities : Booms and Busts ''. Cnbc.com. 2012 - 01 - 19. Retrieved 2014 - 02 - 07. Jump up ^ `` Beijing Olympics to cost China 44,000,000,000 dollars - 2008 - 06 - 08 - Pravda News ''. Retrieved 2014 - 02 - 12. Jump up ^ `` Beijing Olympics ' profit exceeds 1b yuan ''. Jump up ^ `` Olympics cost B.C. $925 M ''. CBC Sports. July 9, 2010. Retrieved February 4, 2013. ^ Jump up to : `` Vancouver 's Olympic Games overstated legacy and ignored true costs - 2014 - 02 - 07 - Rabble Canada ''. Retrieved 2014 - 02 - 12. Jump up ^ `` IOC HEAD ROGGE HAPPY THAT 2010 VANCOUVER GAMES ARE ON TRACK - 2014 - 02 - 12 - TSN.ca ''. Retrieved 2014 - 02 - 12. Jump up ^ `` VANCOUVER 2010 TAKES ITS FINAL BOW WITH POSITIVE FINANCIAL FIGURES ''. Retrieved 20 June 2017. Jump up ^ `` Winner 's curse ? The economics of hosting the Olympic Games ''. CBC News. July 30, 2012. Retrieved February 14, 2013. Jump up ^ `` Olympics cost B.C. $925 M ''. CBC News. July 9, 2010. Retrieved February 14, 2013. Jump up ^ `` London 2012 - Final cost of London 2012 Games revealed ''. Yahoo. October 23, 2012. Retrieved April 3, 2013. Jump up ^ Gibson, Owen ( October 24, 2012 ). `` Olympic Games 2012 olympics olys, Paralympics 2012, Olympic legacy, Olympic Stadium, London ( News ), UK news, Politics, Sport ''. The Guardian. London. Jump up ^ `` London Olympics exceed initial budget by £ 6.52 bn ''. Newstatesman.com. Retrieved 2014 - 02 - 07. Jump up ^ `` Locog London Organising Committee of the Olympic and Paralympic Games, Olympic Games 2012 olympics olys, British Olympic Association, Sport politics, Sport '' ( PDF ). LOCOG FINAL ANNUAL REPORT Page 33. London. March 31, 2012. The results for the period show a net profit (... ) which matches brought forward losses therefore bringing the cumulative financial position of the Company to £ nil. Jump up ^ Bond, David ( 2012 - 03 - 22 ). `` BBC Sport - West Ham get Olympic Stadium after government ups funding ''. Bbc.co.uk. Retrieved 2014 - 02 - 07. Jump up ^ `` Sochi 2014 : the costliest Olympics yet but where has all the money gone ? ''. The Guardian. Retrieved 2014 - 02 - 12. Jump up ^ Downie, Andrew. `` Sochi Winter Games made $53 million profit '', Reuters, Rio De Janeiro, 27 February 2015. Retrieved on 28 August 2017. Jump up ^ Why Sochi Is By Far The Most Expensive Olympics Ever ADAM TAYLOR, JAN. 17, 2014, Jump up ^ http://qz.com/753250/rio-2016-is-hosting-the-olympics-ever-worth-it/ Jump up ^ http://olympics.nbcsports.com/2017/06/14/rio-olympics-cost-13-billion/ Jump up ^ `` Finance ''. 2016 Working Group Report ( PDF ). International Olympic Committee. March 14, 2008. p. 88. Retrieved March 2, 2010. Jump up ^ `` Finance '' ( PDF ). Rio de Janeiro 2016 Candidate File ( PDF ). 1. Brazilian Olympic Committee. February 16, 2009. Archived from the original ( PDF ) on March 20, 2009. Retrieved March 2, 2010. Jump up ^ Settimi, Christina. `` By The Numbers : The 2018 Pyeongchang Winter Olympics ''. Forbes. Retrieved 2018 - 03 - 04. External links What did Olympics bring Sydney Retrieved from `` https://en.wikipedia.org/w/index.php?title=Cost_of_the_Olympic_Games&oldid=836147866 '' Categories : History of the Olympics History of finance Hidden categories : Articles that may contain original research from February 2018 All articles that may contain original research All articles with unsourced statements Articles with unsourced statements from January 2015 Articles with unsourced statements from February 2013 Talk Contents About Wikipedia Монгол Edit links This page was last edited on 12 April 2018, at 23 : 15. About Wikipedia

Question: how much does it cost for the olympics
Answer: on average USD 5.2 billion and for the Winter Games USD 3.1 billion dollars