The Snowballing Costs of Sochi’s Olympic Venues


Russia is spending a whopping $51 billion on the Winter Olympics in Sochi, topping the $40 billion spent by China on the 2008 Summer Olympics which had three times the number of events. In comparison, Vancouver spent a mere $8.7 billion when it hosted the Winter Olympics in 2008.

Costs have accelerated dramatically with the vast majority of Sochi’s flagship projects coming in catastrophically over budget. Chief among these is the Laura Biathlon and Ski Complex which was originally supposed to cost $500 million. It is now estimated that final costs will top $2.7 billion.

Likewise, the Fisht Olympic Stadium was originally due to cost $49 million. The cost has now ballooned to approximately $519 million – 10 times higher than planned. It doesn’t stop there – some observers have predicted the end price may reach a staggering $700 million.

Infographic: The Snowballing Costs of Sochi’s Olympic Venues | Statista
Related Infographics
  • Russia
    Putin Likes To Keep Other World Leaders Waiting

    This chart shows Vladimir Putin's approximate level of lateness to meetings (hours/minutes).

  • Olympic Summer Games
    The Massive Costs Behind The Olympic Games

    This chart shows the cost of hosting the Olympic Games since 1992.

  • Olympic Summer Games
    The Vast Extent Of Russia's State Sponsored Doping Scandal

    This chart shows the number of falsified results of Russian athletes from 2011 to 2015.

  • United States
    Return of an Old Foe?

    This chart shows Americans' perception of Russia from 1999 to 2014

  • Winter Sports
    Quarter of a Million Dollar Bonuses for Kazakh Gold Medal Winners

    This chart shows bonuses per gold medal at the Winter Olympics in Sochi (in U.S. dollars).

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference
More statistics about...
Show more
You may also be interested in...
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Robin Hüdepohl