Cost of olympics

1. 2. Evidence from the Past Games
US$ m Operation cost Budgetary
Surplus/deficit
Munich,1972 546 (687)
Montreal,1976 399 (1228)
Los Angeles,1984 467 335
Sydney,2000 1700 0
-Financing Impact
Montreal-Funding from PUBLIC FUND & was spent in Infra. & Sports Facilities.
LOS ANGELES-comes into picture after 8 years with proper analysis
LEADS TO DOWNFALL

2. -GDP & Employment Impact
COUNTRIES Impact of GDP % NEW JOBS (appx)
Sydney 2.78 90,000
Atlanta 2.41 77,000
Barcelona 0.03 2,95,000
Seoul 1.40 3,35,000
Los Angeles 0.47 73,000
Cost-Benefit analysis
Source: Greek Statistical Service, European Commission forecasts for 2004

3. 3. ATHENS-Slowdown Economy
• Smallest Country ,Population of 7,90,000 app
• Work was not done according to the Schedule.
• Several projects has to Scrapped
• Total cost EXCEEDS Estimate cost leads to Downfall.
500million – 2 billion
• Even the villages lands are used to conduct OLYMPICS.
• Widening Government Budget Deficit.

4. % GROWTH 2000 2001 2002 2003 2004
GDP 4.4 4.0 3.8 4.7 4.0
Private Consumption 2.0 2.8 2.8 4.0 3.6
Public Consumption 2.2 -1.0 5.1 6.0 2.0
Investment 10.0 5.5 6.1 11.6 6.0
Exports 14.1 -1.1 -7.7 1.6 7.3
Imports 8.9 -3.4 -4.7 3.7 5.6
SOURCE:-Arthur Andersen (1999)“Economic impact study of the Sydney 2000 Olympic Games”, Centre
for Regional Economic Analysis, University of Tasmania
Decrease Increase