Money and the Olympics: The Adjusted Medal Count per GDP

The Winter Olympics is another event where athletes around the world can showcase their abilities and nations can flaunt their strong programs in every field. The Canadian team spent $100 million on a federal program to train athletes for the Winter Olympics they were hosting, hoping to win their first gold medal in a Winter Olympics on home soil.

In the Summer Olympics, the United States Olympics Committee committee spend half a billion. Similar heavy spending has allowed the US to rank number one in the overall medal count in the last 4 Olympics.  Read more...