The bar chart illustrates the initial estimate of cost and the actual spending for the Summer Olympic over a period between 1976 and 2012.
Overall, the proportion of actual spending for the Summer Olympics was higher than that of the initial estimate. Moreover, the greatest discrepancy between estimate and actual costs occured in Beijing 2008 and London 2012.
As can be seen in the chart, the initial estimate in Montreal 1976 started at a relatively low position of only 5 billions. Nevertheless, the actual costs stood at around 10 billions, doubling that of the intial estimate. Similarly, in Moscow 1980, Los Angeles 1984 the atual spending was two times higher than the initial estimate. In addition, the real cost for Summer Olympics in Seoul 1998 and Barcelona 1992 was slightly higher than the preliminary cost estimate. However, in Atlanta 1996, Sydney 2000 and Athens 2004, the amount of cost in intital estimate was less than 10 billions, three times lower than the the actual spending costs.
In Beijing 2008, the amount of initial estimate of cost led the way with approximately 80 billions and the actual cost reached the peak of around 210 millions. Moreover, the actual cost stood just nearly 200 billions, four times higher than the preliminary cost estimate in London 2012.
The bar chart illustrates the
initial
estimate
of
cost
and the
actual
spending
for the Summer Olympic over a period between 1976 and 2012.
Overall
, the proportion of
actual
spending
for the Summer Olympics was higher than that of the
initial
estimate
.
Moreover
, the greatest discrepancy between
estimate
and
actual
costs
occured
in Beijing 2008 and London 2012.
As can be
seen
in the chart, the
initial
estimate
in Montreal 1976
started
at a
relatively
low position of
only
5
billions
.
Nevertheless
, the
actual
costs
stood at around 10
billions
, doubling that of the
intial
estimate
.
Similarly
, in Moscow 1980, Los Angeles 1984 the
atual
spending
was two times higher than the
initial
estimate
.
In addition
, the real
cost
for Summer Olympics in Seoul 1998 and Barcelona 1992 was
slightly
higher than the preliminary
cost
estimate
.
However
, in Atlanta 1996, Sydney 2000 and Athens 2004, the amount of
cost
in
intital
estimate
was less than 10
billions
, three times lower than
the the
actual
spending
costs.
In Beijing 2008, the amount of
initial
estimate
of
cost
led the way with approximately 80
billions
and the
actual
cost
reached the peak of around 210 millions.
Moreover
, the
actual
cost
stood
just
nearly
200
billions
, four times higher than the preliminary
cost
estimate
in London 2012.