What Each Olympic Medal Costs Each Country Versus GDP

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6. Japan
> Gold medals: 12
> Total medals: 41
> GDP: $4.83 trillion
> Population: 126.9 million

Japan won a total of 41 medals. Of those, there were 12 golds, eight silvers and 21 bronzes. Japan’s 41 medals were dominated by 12 in judo and seven from each wrestling and swimming. Japan’s endless quantitative easing might make this number cheaper than it sounds — at $402.5 billion per gold medal or $118 billion for each of its 41 medals in total.

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7. France
> Gold medals: 10
> Total medals: 42
> GDP: $2.65 trillion
> Population: 66.5 million

France’s total medal count of 42 included 10 gold medals. The nation also had 18 silver and 14 bronze medals. The nation won six medals in boxing, six in track and field and five in judo, with a wide spread of other classes. France’s cost per gold medal would be $265 billion based on GDP, but its cost for each of the 42 medals in total would be $63 billion based on GDP.

8. South Korea
> Gold medals: 9
> Total medals: 21
> GDP: $1.85 trillion
> Population: 49.1 million

South Korea won 21 medals in total, with nine golds, followed by three silvers and nine bronzes. South Korea dominated in archery and taekwondo for five medals each. South Korea’s cost per gold medal would be $205 billion, but that drops to $88 billion each if count all Olympic medals versus GDP.

9. Italy
> Gold medals: 8
> Total medals: 28
> GDP: $2.17 trillion
> Population: 61.8 million

Italy’s 28 medals included eight golds, 12 silvers and eight bronzes. Italy took seven medals in shooting and four in fencing. Other multiple medals were won in judo, swimming, water polo, diving and rowing. Italy’s per medal cost on GDP would be $271 billion for eight gold medals and would be $77.5 billion for each of the 28 total medals.

10. Australia
> Gold medals: 8
> Total medals: 29
> GDP: $1.49 trillion
> Population: 22.7 million

Australia won an impressive 29 medals. Of those, there were eight gold medals, 11 silvers and 10 bronzes. Of the 29 medals in total, 10 came from swimming. Other areas with more than one medal were sailing, rowing, track and field and cycling. Australia’s cost on a GDP basis would be $186 billion per gold medal, or just $51.4 billion for each of the 29 total medals.

11. Netherlands
> Gold medals: 8
> Total medals: 19
> GDP: $832.6 billion
> Population: 16.95 million

The Netherlands had an impressive 19 total medals and eight golds for such a small country. It won seven silver and four bronze medals as well. Holland’s main winnings came from rowing, cycling, swimming and sailing. This nation’s cost per gold medal would be $104 billion, but for the total 19 medals that drops to $43.8 billion each on a medal per GDP calculation.

12. Hungary
> Gold medals: 8
> Total medals: 15
> GDP: $258.4 billion
> Population: 9.9 million

Hungary won an impressive 15 medals, with eight of them gold. It had three silver and four bronze medals. The nation can thank women’s swimming for the dominance, with seven swimming medals in total. It won three for canoeing and four in fencing. Hungary got away with a cost of a mere $32.3 billion cost per gold medal versus GDP, but that per medal cost versus GDP would drop to a mere $17.2 billion each.

13. Brazil
> Gold medals: 7
> Total medals: 19
> GDP: $3.19 trillion
> Population: 204.2 million

Brazil was the host nation, and it may be disappointed in a total of 19 medals with such a large population and with an economy that is still hoping for recovery. Brazil won seven golds and six of each silver and bronze. Its main winnings were in beach volleyball, gymnastics, canoeing and judo. Brazil already spent a lot to host the Olympics, but its cost of gold metal versus GDP would be a whopping $455 billion. Against all 19 medals won, that per medal cost would drop to $168 billion each.