What Each Olympic Medal Costs Each Country Versus GDP

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14. Spain
> Gold medals: 7
> Total medals: 17
> GDP: $1.61 trillion
> Population: 48.1 million

Spain may have its national problems economically, but the nation’s 17 total tally included seven gold medals. It also won four silver medals and six bronze medals. These were spread among swimming, canoeing and track and field. Spain’s cost against GDP per medal would be $230 billion for each gold medal. That cost for each of the 17 medals won in total would be almost $95 billion.

15. Kenya
> Gold medals: 6
> Total medals: 13
> GDP: $141.6 billion
> Population: 45.9 million

Kenya did well for itself, running its way to 13 medals, all from the track and field. The nation had six golds, six silvers and one bronze. Kenya’s cost per gold medal would be $23.6 billion on the GDP calculation, but that drops to $10.9 billion for each of the 13 medals versus GDP.

16. Jamaica
> Gold medals: 6
> Total medals: 11
> GDP: $24.65 billion
> Population: 2.95 million

Jamaica can say that it Bolted its way to 11 medals. The nation had six gold medals, followed by three silver medals and two bronze medals as well. All of Jamaica’s medals were in track and field. Jamaica has a mere cost of $4.1 billion for each gold medal versus GDP. Its cost on GDP for each of the 11 total medals won would be a mere $2.24 billion.

17. Croatia
> Gold medals: 5
> Total medals: 10
> GDP: $91.1 billion
> Population: 4.46 million

Croatia’s small population turned in an impressive 10 total medals in 2016, with five of those being gold. It won three silver medals and two bronze. Croatia won three medals in track and field, two each in sailing and rowing and one each in shooting, water polo and boxing. If you use the cost per medal versus GDP, Croatia’s gold medal cost would be $18.2 billion and the cost for each of the 10 medals in total would be $9.1 billion.

18. Cuba
> Gold medals: 5
> Total medals: 11
> GDP: $128.5 billion (old)
> Population: 11 million

Cuba slowly has been getting relations normalized with the United States, and the island nation won 11 medals in total. That included five golds, two silvers and four bronzes. Cuba’s 11 medals were dominated by six in boxing, followed by three in wrestling and one each in judo and track and field. Cuba’s economic estimates are from 2014, but they may be guesses. If you trust Cuba’s GDP numbers, their cost would be $25.7 billion per gold medal versus GDP. The cost for each of the 11 medals in total would be $11.7 billion versus GDP.

19. New Zealand
> Gold medals: 4
> Total medals: 18
> GDP: $172.2 billion
> Population: 4.44 million

New Zealand’s total of 18 medals was broken down by four golds, nine silvers and five bronzes. It won four in sailing and four in track and field, with three in rowing and two in canoeing. That is great for a mere 4.4 million people. New Zealand’s cost per gold medal versus GDP would be $43 billion, and its cost for each of the 18 medals won versus GDP would be about $9.6 billion.

20. Canada
> Gold medals: 4
> Total medals: 22
> GDP: $1.632 trillion
> Population: 35.1 million

Canada won 22 medals in total, but only four were golds. Our friends to the north won three silver medals and 15 bronze medals. Canada’s total of 22 medals was dominated by six each in swimming and track and field. It won two medals in diving, and other categories were one each. Canada’s cost per gold medal versus GDP would be $408 billion, but if you add in the silvers and bronzes, its total of 22 medals would have a cost of $74 billion against GDP.