By Lynne Gowers on 5th August 2016

Rio 2016 – the Olympic-sized cost of hosting the Games

Rio 2016

Anything do to with numbers fascinates us here at Boox. As Rio 2016 gets underway, we take a look at the eye-watering sums attached to staging the Olympic Games, and some of the trivia that goes along with them.

This year’s Games will cost Brazil an estimated US$12 billion (approx GB£9 billion), which has sparked protests throughout the country, including these scenes as the Olympic torch arrived in Rio de Janeiro ahead of the opening ceremony.

But how does this compare with the cost of other Olympic Games staged so far this century?

Russia 2014 Sochi Winter Olympics – US$51 billion
Even though it was was the most expensive in Olympic history, much of the Olympic park and village in the Russian city now lies deserted and overgrown.

UK 2012 London Summer Olympics – US$10.4 billion
A further US$90 million was spent on converting the main stadium at the Queen Elizabeth Olympic Park to a football ground, which will be the new home of West Ham United from the 2016/17 season.

Canada 2010 Vancouver Winter Olympics 2010 – US$1.3 billion

China 2008 Beijing Summer Olympics – US$8 billion
A budget only surpassed by Sochi Winter 2014.

Italy 2006 Turin Winter Olympics – US$700 million
The Italian government ingeniously created a lottery game to cover the hosting costs.

Greece 2004 Athens Summer Olympics – US$9 billion
The games have been cited as a contributor of Greece’s debt crisis.Much like Sochi, many of the venues have been left unused and left to ruin.

USA 2002 Salt Lake City Winter Olympics – US$2 billion
Addition funds were invested in increased security measures in the wake of the 9/11 terror attacks

Australia 2000 Sydney Summer Olympics – US$5 billion
Notwithstanding the cost, there’s no doubt that the Olympics is a massive global spectacle and we are sure that the world’s eyes will be on Rio for the remainder of the summer.

Best of luck to all the Olympians and Paralympians taking part in Rio 2016. Come on Team GB!

Your personal numbers might not be quite to the scale of those above, but see how the Boox app helps you get your head around your finances.

Lynne Gowers Written by Lynne Gowers

Was this article helpful?


Although we attempt to ensure that the Information contained in this publication is accurate and up-to-date at the date of publication it may not be comprehensive, we accept no liability for the results of any action taken on the basis of the information they contain and any implied warranties, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement and accuracy are excluded to the extent that they may be excluded as a matter of law.

Share this blog

Download our
FREE guide

Our handy guide to claiming expenses through your limited company looks at what you can and can’t claim tax relief on through your company

Please enter a First Name

Please enter a Last Name

Please enter a valid Email Address

Please enter a valid Mobile/Phone Number

Data protection: We take data very seriously and will not share your details with anyone else. If you wish to receive marketing communications from Boox please tick this box.

You can change your preferences at any stage by clicking on the 'Manage my preferences' link at the bottom of our emails. By continuing, you agree to our Privacy Policy.

How would you like to receive communications?


Select Yes or No


Select Yes or No


Select Yes or No


Select Yes or No
Please Verify Captcha

View our latest blogs

Take a look at our recent blogs below.

We’re here to help

Discuss your business and accountancy
needs in detail with our friendly team with
absolutely no obligation.

Call our friendly team on 0808 168 0422 or

Request a call back

(Open 8.30am to 5.30pm Monday to Friday)

Emily Ewin New Client Manager
Emily Ewin New Client Manager