The Economic Impact of The Olympics

Abstract

The Olympics Games are massive sporting events that take place every 4 years, bringing teams from many countries to compete for glory. What impact do these games have on the host countries' economy? Nine tables were created to track the change in selected macroeconomic indicators in the years relative to the Olympics. Along with the tables, several graphs were produced to show how these indicators may have fluctuated in the years of the Olympics. Finally, a cost benefit analysis was conducted highlighting some of the benefits and costs that a city/country may incur. Overall, there was not enough evidence to make a definite conclusion; but there has been an increasing trend in cities withdrawing their Olympic bid.