FIFA estimates that the tournament will contribute $40.9 billion to global GDP, with the US — the leading economy among co-hosts, ahead of Canada and Mexico — accounting for nearly half of the total. Using data from the 1982 World Cup, Goldman Sachs analysts found that the positive impact on the host country's economic output was minimal. There is also almost zero long-term impact: although activity is boosted in the short term, most spending is often simply transferred from other activities, and any boom during the finals is often followed by a decline. Preliminary analysis by the Federal Reserve shows that although some local bars sold out when Scottish fans poured into Boston, the positive effects were offset by economic weakness in other areas, as consumers cut spending amid rising prices related to the war in Iran. Regular visitors also avoided the host city due to anticipated congestion and sky-high prices. However, there are also intangible benefits. Goldman Sachs analysts pointed out that many fans are willing to pay a high price to see their country win. That kind of national pride, happiness, and cultural weight is huge, and it is difficult to quantify in the GDP book.
Zhitongcaijing · 2d ago
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FIFA estimates that the tournament will contribute $40.9 billion to global GDP, with the US — the leading economy among co-hosts, ahead of Canada and Mexico — accounting for nearly half of the total. Using data from the 1982 World Cup, Goldman Sachs analysts found that the positive impact on the host country's economic output was minimal. There is also almost zero long-term impact: although activity is boosted in the short term, most spending is often simply transferred from other activities, and any boom during the finals is often followed by a decline. Preliminary analysis by the Federal Reserve shows that although some local bars sold out when Scottish fans poured into Boston, the positive effects were offset by economic weakness in other areas, as consumers cut spending amid rising prices related to the war in Iran. Regular visitors also avoided the host city due to anticipated congestion and sky-high prices. However, there are also intangible benefits. Goldman Sachs analysts pointed out that many fans are willing to pay a high price to see their country win. That kind of national pride, happiness, and cultural weight is huge, and it is difficult to quantify in the GDP book.
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