The following is the Olympic economics and Prospect of sports industry From kpmg recommended by recordtrend.com. And this article belongs to the classification: Sports data, kpmg , research report.
Before 1984, the Olympic Games were mainly funded by the host city and the host government. However, due to the huge cost of the Olympic Games, it often brought great economic pressure to the host country and city. For example, the 1976 Montreal Olympic Games lost more than US $1 billion and caused the government’s debt for 30 years, which had a great impact on the enthusiasm of subsequent countries to bid for the Olympic Games. How much does it cost to host an Olympic Games?
The expenditure of the Olympic Games mainly includes two parts: the first part is the operating expenses of the Olympic Games, mainly including the remuneration of administrative personnel, transportation, security, catering, opening and closing ceremonies, media services and so on; The second part is the infrastructure investment directly related to the Olympic Games, including the construction of competition venues, Olympic Village, international broadcasting center and media center. According to the data, after adjusting price factors, the average expenditure for hosting a summer Olympic Games since 1992 has been US $8 billion (denominated in 2015 US dollars).
By 2016, the highest cost was the 2012 London Olympic Games, with an expenditure of nearly $15 billion, the lowest was the 2004 Athens Olympic Games, with an expenditure of only $2.94 billion, and the expenditure of the Beijing Olympic Games was about $6.8 billion. According to the latest report, Japanese government auditors estimate that the final expenditure of the Tokyo Olympic Games may reach $25 billion 1, exceeding the expenditure of the London Olympic Games.
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