How much did the 2004 Athens Olympics cost?

How much did Athens spend on the Olympics?

The highest recorded total cost was the 2014 Sochi Winter Olympics, costing approximately US$55 billion.

Table.

Host City Athens Summer Olympics
Year 2004
Final Operating Budget US$15,000,000,000
Total Costs US$9,000,000,000
Profit/Loss US$14,500,000

What benefits did the 2004 Olympic Games bring to Athens?

In total, approximately 90km of new roads were built ahead of the 2004 Games, while a further 120km were widened, and a new computerised traffic management system was also installed to help manage traffic around the city.

How did the 2004 Olympics affect Greece?

” Greek Olympic officials insist the scale of the country’s dire financial problems – and its staggering national debt of $382 billion – are is simply too big to be blamed on the 2004 Games budget. … That said, Athens also benefited from infrastructure development and the Greek public debt is $400 billion.

Who profits from the Olympics?

Because the IOC is a non-profit organisation, 90 per cent of the revenues from the Games go straight back into sport and athlete development. In total, around USD 2.5 billion is put towards the staging of the Olympic Games, to ease the financial burden on the host cities.

How much did the last Olympics cost?

TOKYO (AP) — The official price tag for the Tokyo Olympics in $15.4 billion, which a University of Oxford study says is the most expensive on record.

IT IS IMPORTANT:  You asked: What are the rules for competition in modern Olympics?

Why did Sochi cost so much?

Investments in the Sochi Games were subject to a substantial amount of corruption and fraud, pushing the price tag higher. One report claimed that between $25 billion and $30 billion of the Olympic investment fund had been embezzled.

Where are the 2000 Olympics?