Olympics success and economy correlation
Were the expectations for success at the Olympic Games from the Australian public ‘completely out of whack’?
Money News host Ross Greenwood has noticed a distinct correlation between countries which performed well at the Games and their place in the world’s economy.
‘If you look down the list of the countries and their performance at the Olympic Games and you compare it with their GDP’s, guess what? It almost tallies,’ he explained.
USA, China, Germany, Japan and France were all successful at the Rio Games. These countries also have the strongest economies.
Australia came in tenth, its worst since Barcelona in 1992. Australia’s economy is the 13th largest in the world.
CLICK PLAY TO HEAR ROSS GREENWOOD’S ANALYSIS