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| Boilerpipe Text | August 22nd, 2020 by
PK
Every time an Olympics wraps up, we've got a silly tradition here on DQYDJ where we calculate some of the more dubious
adjusted medal counts
proposed to 'level' out the successes of various countries.
There is
some
value with taking a shot(put?) at this - a proper adjustment would be great, and we're not going to
Nirvana Fallacy
all over the concept of adjustment in general. It's just that while the
aim
is noble,
in practice
adjusting isn't a good idea because the United States (for example) can't send 30 gymnasts or 10 basketball teams to the games.
That's enough disclaimer. Let's look at the first presentation and the only official statistic... the actual medal count (
courtesy of Wikipedia)
:
All countries with
15 or more
total medals in the 2016 Rio Olympic Games (Wikipedia). By this count, the United States was the winner.
Onto the Other Olympic Success Measures: Medals vs. GDP and Medals vs. Population
However dubious adjusting medal count for country GDPs and populations is, it's still a fun diversion.
Sports inspire arguments - it's the very nature of sports, and far superior to other methods of resolving conflict between countries. The truth is, even though these adjusted measures are biased against very rich or very populous countries for the aforementioned reasons, they do tend to reveal countries which are punching above their weight.
This year, by this author's calculations, that would be Jamaica, Azerbaijan, Georgia, and Croatia. They outperform on measures of 'GDP dollars per medal' (the inverse of medals per dollar of GDP) and 'Population per Medal' (the inverse of medals per capita).
Dollars of GDP per Medal and Dollars of GDP per Gold
Our first dubious statistic is our Dollars of GDP per Medal table. We ran these numbers for all countries with 5 or more medals, and used Wikipedia's country
nominal GDP table
. (All numbers are from the IMF's 2016 estimate column unless noted below. Retrieved August, 2016.)
Country
Dollars of GDP per Medal
Dollars of GDP per Gold
Jamaica (JAM)
$1,277,909,090.91
$2,342,833,333.33
Azerbaijan (AZE)
$1,952,277,777.78
$35,141,000,000.00
Georgia (GEO)
$1,991,714,285.71
$6,971,000,000.00
North Korea (PRK)*
$2,485,142,857.14
$8,698,000,000.00
Serbia (SRB)
$4,672,625,000.00
$18,690,500,000.00
Uzbekistan (UZB)
$4,742,230,769.23
$15,412,250,000.00
Kenya (KEN)
$4,976,000,000.00
$10,781,333,333.33
Croatia (CRO)
$4,992,800,000.00
$9,985,600,000.00
Belarus (BLR)
$5,098,555,555.56
$45,887,000,000.00
Kazakhstan (KAZ)
$6,832,411,764.71
$38,717,000,000.00
Cuba (CUB)*
$7,013,636,363.64
$15,430,000,000.00
Ukraine (UKR)
$7,595,454,545.45
$41,775,000,000.00
Hungary (HUN)
$7,848,600,000.00
$14,716,125,000.00
Ethiopia (ETH)
$8,429,375,000.00
$67,435,000,000.00
New Zealand (NZL)
$9,440,111,111.11
$42,480,500,000.00
Czech Republic (CZE)
$18,526,900,000.00
$185,269,000,000.00
Denmark (DEN)
$20,118,933,333.33
$150,892,000,000.00
Russia (RUS)
$20,227,500,000.00
$59,617,894,736.84
South Africa (RSA)
$26,621,300,000.00
$133,106,500,000.00
Colombia (COL)
$31,655,000,000.00
$84,413,333,333.33
Greece (GRE)
$32,432,333,333.33
$64,864,666,666.67
Romania (ROU)
$36,388,800,000.00
$181,944,000,000.00
Netherlands (NED)
$40,132,684,210.53
$95,315,125,000.00
Great Britain (GBR)*
$41,208,358,208.96
$102,257,777,777.78
Australia (AUS)
$41,406,206,896.55
$150,097,500,000.00
Poland (POL)
$43,045,545,454.55
$236,750,500,000.00
Sweden (SWE)
$46,613,454,545.45
$256,374,000,000.00
Iran (IRI)
$48,265,000,000.00
$128,706,666,666.67
France (FRA)
$58,685,476,190.48
$246,479,000,000.00
Malaysia (MAS)
$61,852,400,000.00
$0.00
South Korea (KOR)
$62,914,285,714.29
$146,800,000,000.00
Italy (ITA)
$66,024,642,857.14
$231,086,250,000.00
Canada (CAN)
$66,469,545,454.55
$365,582,500,000.00
Thailand (THA)
$68,287,333,333.33
$204,862,000,000.00
Spain (ESP)
$73,080,000,000.00
$177,480,000,000.00
Belgium (BEL)
$77,541,333,333.33
$232,624,000,000.00
Brazil (BRA)
$80,777,894,736.84
$219,254,285,714.29
Germany (GER)
$82,566,190,476.19
$203,987,058,823.53
Switzerland (SUI)
$93,110,000,000.00
$217,256,666,666.67
Turkey (TUR)
$93,898,250,000.00
$751,186,000,000.00
Japan (JPN)
$107,624,390,243.90
$367,716,666,666.67
United States (USA)
$148,322,280,991.74
$390,152,086,956.52
China (CHN)
$155,234,914,285.72
$417,940,153,846.15
Mexico (MEX)
$216,486,000,000.00
$0.00
Cuba - estimate from the World Bank for 2013
Great Britain - uses the United Kingdom's number
North Korea - estimate from the UN for 2014
People Per Medal and People Per Gold
Our second dubious statistic is the
people per medal
table. The populations were taken from Wikipedia's
country by population
article, with estimates from the United Nations in 2016 (Retrieved August 2016).
County
People per Medal
People per Gold
Jamaica (JAM)
247,568
453,874
New Zealand (NZL)
261,564
1,177,040
Denmark (DEN)
381,630
2,862,228
Croatia (CRO)
419,067
838,134
Georgia (GEO)
531,486
1,860,200
Azerbaijan (AZE)
541,972
9,755,500
Hungary (HUN)
654,867
1,227,875
Australia (AUS)
833,303
3,020,725
Serbia (SRB)
884,547
3,538,186
Netherlands (NED)
891,937
2,118,350
Sweden (SWE)
900,576
4,953,166
Great Britain (GBR)*
971,791
2,411,481
Cuba (CUB)
1,021,728
2,247,801
Kazakhstan (KAZ)
1,044,306
5,917,733
Belarus (BLR)
1,055,411
9,498,700
Czech Republic (CZE)
1,055,852
10,558,524
Switzerland (SUI)
1,191,657
2,780,533
France (FRA)
1,538,452
6,461,500
Canada (CAN)
1,659,123
9,125,175
Greece (GRE)
1,809,670
3,619,339
Belgium (BEL)
1,887,112
5,661,337
Germany (GER)
1,946,926
4,810,053
Italy (ITA)
2,166,627
7,583,194
South Korea (KOR)
2,419,115
5,644,601
Uzbekistan (UZB)
2,428,869
7,893,825
Russia (RUS)
2,618,571
7,717,895
United States (USA)
2,680,124
7,049,891
Spain (ESP)
2,731,672
6,634,060
Japan (JPN)
3,097,561
10,583,333
Kenya (KEN)
3,396,660
7,359,430
North Korea (PRK)
3,459,073
12,106,755
Poland (POL)
3,494,294
19,218,620
Ukraine (UKR)
3,878,014
21,329,075
Romania (ROU)
3,972,200
19,861,000
South Africa (RSA)
5,565,365
27,826,827
Colombia (COL)
6,100,338
16,267,567
Malaysia (MAS)
6,345,460
0
Turkey (TUR)
9,842,750
78,742,000
Iran (IRI)
9,934,738
26,492,633
Brazil (BRA)
10,870,684
29,506,143
Thailand (THA)
10,954,850
32,864,549
Ethiopia (ETH)
12,731,625
101,853,000
China (CHN)
19,690,429
53,012,692
Mexico (MEX)
25,726,400
0
Great Britain - uses the United Kingdom's number
Adjusting Olympic Medal Counts
These methods obviously aren't the best in the world, but they
do
reveal some of the 'underdogs' once you allow a little editorializing.
To most people watching the games,
Jamaica
is an obvious choice for the hidden winner. Beyond Usain Bolt's 3 gold medals (including in the 4x100), there were
8 other medals
won by the small country... including 3 other golds. Jamaica is at the top of
both
of the adjusted lists, so some value is confirmed - and we can argue about the rest of the countries.
The USA has 3x as many Olympic golds as Hungary, but 30x the population. Adjusting for this, Hungary is kicking our ass.
— Neil deGrasse Tyson (@neiltyson)
August 12, 2016
Is there a perfect adjustment possible?
Of course not
- it would be impossible to perfectly level the advantages and disadvantages of every nation for summer and winter games.
If there
was
a measure, it'd probably take geographic constraints (perhaps, degrees of latitude?) into consideration too,
especially
for the winter games. Consider the sheer amount of land Russia, Canada and the United States claim that get "real" winters.
Now
consider that the most famous Olympic movie of all time is about, of course,
Jamaica's underdog bobsled team
. People love to watch an underdog, and it makes logical sense that geographic constraints mean small island nations near the equator shouldn't compete too strongly with countries that have land in the arctic circle at any particular Winter Olympics.
Regardless of the weaknesses of any individual adjustment, we'll always have arguments - so argue in the comments!
What's the best way to adjust the medal count, and where does your favorite country rank? Anyone from Jamaica or elsewhere want to make a stronger case for Jamaica winning the 2016 Rio Games?
PK
PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.
PK lives in New Hampshire with his wife, kids, and dog. |
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# Who Won the 2016 Rio Olympics?
[Offbeat](https://dqydj.com/offbeat/)
August 22nd, 2020 by
PK
Every time an Olympics wraps up, we've got a silly tradition here on DQYDJ where we calculate some of the more dubious *adjusted medal counts* proposed to 'level' out the successes of various countries.
There is *some* value with taking a shot(put?) at this - a proper adjustment would be great, and we're not going to [*Nirvana Fallacy*](https://en.wikipedia.org/wiki/Nirvana_fallacy) all over the concept of adjustment in general. It's just that while the ***aim*** is noble, ***in practice*** adjusting isn't a good idea because the United States (for example) can't send 30 gymnasts or 10 basketball teams to the games.
That's enough disclaimer. Let's look at the first presentation and the only official statistic... the actual medal count ([courtesy of Wikipedia)](https://en.wikipedia.org/wiki/2016_Summer_Olympics_medal_table):
[](https://cdn.dqydj.com/wp-content/uploads/2016/08/olympic_medal_count_15_over.png)
All countries with ***15 or more*** total medals in the 2016 Rio Olympic Games (Wikipedia). By this count, the United States was the winner.
## Onto the Other Olympic Success Measures: Medals vs. GDP and Medals vs. Population
However dubious adjusting medal count for country GDPs and populations is, it's still a fun diversion.
Sports inspire arguments - it's the very nature of sports, and far superior to other methods of resolving conflict between countries. The truth is, even though these adjusted measures are biased against very rich or very populous countries for the aforementioned reasons, they do tend to reveal countries which are punching above their weight.
This year, by this author's calculations, that would be Jamaica, Azerbaijan, Georgia, and Croatia. They outperform on measures of 'GDP dollars per medal' (the inverse of medals per dollar of GDP) and 'Population per Medal' (the inverse of medals per capita).
#### Dollars of GDP per Medal and Dollars of GDP per Gold
Our first dubious statistic is our Dollars of GDP per Medal table. We ran these numbers for all countries with 5 or more medals, and used Wikipedia's country [nominal GDP table](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_\(nominal\)). (All numbers are from the IMF's 2016 estimate column unless noted below. Retrieved August, 2016.)
| | | |
|---|---|---|
| **Country** | **Dollars of GDP per Medal** | **Dollars of GDP per Gold** |
| ***Jamaica (JAM)*** | \$1,277,909,090.91 | \$2,342,833,333.33 |
| ***Azerbaijan (AZE)*** | \$1,952,277,777.78 | \$35,141,000,000.00 |
| ***Georgia (GEO)*** | \$1,991,714,285.71 | \$6,971,000,000.00 |
| ***North Korea (PRK)\**** | \$2,485,142,857.14 | \$8,698,000,000.00 |
| ***Serbia (SRB)*** | \$4,672,625,000.00 | \$18,690,500,000.00 |
| ***Uzbekistan (UZB)*** | \$4,742,230,769.23 | \$15,412,250,000.00 |
| ***Kenya (KEN)*** | \$4,976,000,000.00 | \$10,781,333,333.33 |
| ***Croatia (CRO)*** | \$4,992,800,000.00 | \$9,985,600,000.00 |
| ***Belarus (BLR)*** | \$5,098,555,555.56 | \$45,887,000,000.00 |
| ***Kazakhstan (KAZ)*** | \$6,832,411,764.71 | \$38,717,000,000.00 |
| ***Cuba (CUB)\**** | \$7,013,636,363.64 | \$15,430,000,000.00 |
| ***Ukraine (UKR)*** | \$7,595,454,545.45 | \$41,775,000,000.00 |
| ***Hungary (HUN)*** | \$7,848,600,000.00 | \$14,716,125,000.00 |
| ***Ethiopia (ETH)*** | \$8,429,375,000.00 | \$67,435,000,000.00 |
| ***New Zealand (NZL)*** | \$9,440,111,111.11 | \$42,480,500,000.00 |
| ***Czech Republic (CZE)*** | \$18,526,900,000.00 | \$185,269,000,000.00 |
| ***Denmark (DEN)*** | \$20,118,933,333.33 | \$150,892,000,000.00 |
| ***Russia (RUS)*** | \$20,227,500,000.00 | \$59,617,894,736.84 |
| ***South Africa (RSA)*** | \$26,621,300,000.00 | \$133,106,500,000.00 |
| ***Colombia (COL)*** | \$31,655,000,000.00 | \$84,413,333,333.33 |
| ***Greece (GRE)*** | \$32,432,333,333.33 | \$64,864,666,666.67 |
| ***Romania (ROU)*** | \$36,388,800,000.00 | \$181,944,000,000.00 |
| ***Netherlands (NED)*** | \$40,132,684,210.53 | \$95,315,125,000.00 |
| ***Great Britain (GBR)\**** | \$41,208,358,208.96 | \$102,257,777,777.78 |
| ***Australia (AUS)*** | \$41,406,206,896.55 | \$150,097,500,000.00 |
| ***Poland (POL)*** | \$43,045,545,454.55 | \$236,750,500,000.00 |
| ***Sweden (SWE)*** | \$46,613,454,545.45 | \$256,374,000,000.00 |
| ***Iran (IRI)*** | \$48,265,000,000.00 | \$128,706,666,666.67 |
| ***France (FRA)*** | \$58,685,476,190.48 | \$246,479,000,000.00 |
| ***Malaysia (MAS)*** | \$61,852,400,000.00 | \$0.00 |
| ***South Korea (KOR)*** | \$62,914,285,714.29 | \$146,800,000,000.00 |
| ***Italy (ITA)*** | \$66,024,642,857.14 | \$231,086,250,000.00 |
| ***Canada (CAN)*** | \$66,469,545,454.55 | \$365,582,500,000.00 |
| ***Thailand (THA)*** | \$68,287,333,333.33 | \$204,862,000,000.00 |
| ***Spain (ESP)*** | \$73,080,000,000.00 | \$177,480,000,000.00 |
| ***Belgium (BEL)*** | \$77,541,333,333.33 | \$232,624,000,000.00 |
| ***Brazil (BRA)*** | \$80,777,894,736.84 | \$219,254,285,714.29 |
| ***Germany (GER)*** | \$82,566,190,476.19 | \$203,987,058,823.53 |
| ***Switzerland (SUI)*** | \$93,110,000,000.00 | \$217,256,666,666.67 |
| ***Turkey (TUR)*** | \$93,898,250,000.00 | \$751,186,000,000.00 |
| ***Japan (JPN)*** | \$107,624,390,243.90 | \$367,716,666,666.67 |
| ***United States (USA)*** | \$148,322,280,991.74 | \$390,152,086,956.52 |
| ***China (CHN)*** | \$155,234,914,285.72 | \$417,940,153,846.15 |
| ***Mexico (MEX)*** | \$216,486,000,000.00 | \$0.00 |
- Cuba - estimate from the World Bank for 2013
- Great Britain - uses the United Kingdom's number
- North Korea - estimate from the UN for 2014
#### People Per Medal and People Per Gold
Our second dubious statistic is the *people per medal* table. The populations were taken from Wikipedia's [country by population](https://en.wikipedia.org/wiki/List_of_countries_by_population_\(United_Nations\)) article, with estimates from the United Nations in 2016 (Retrieved August 2016).
| | | |
|---|---|---|
| **County** | **People per Medal** | **People per Gold** |
| ***Jamaica (JAM)*** | 247,568 | 453,874 |
| ***New Zealand (NZL)*** | 261,564 | 1,177,040 |
| ***Denmark (DEN)*** | 381,630 | 2,862,228 |
| ***Croatia (CRO)*** | 419,067 | 838,134 |
| ***Georgia (GEO)*** | 531,486 | 1,860,200 |
| ***Azerbaijan (AZE)*** | 541,972 | 9,755,500 |
| ***Hungary (HUN)*** | 654,867 | 1,227,875 |
| ***Australia (AUS)*** | 833,303 | 3,020,725 |
| ***Serbia (SRB)*** | 884,547 | 3,538,186 |
| ***Netherlands (NED)*** | 891,937 | 2,118,350 |
| ***Sweden (SWE)*** | 900,576 | 4,953,166 |
| ***Great Britain (GBR)\**** | 971,791 | 2,411,481 |
| ***Cuba (CUB)*** | 1,021,728 | 2,247,801 |
| ***Kazakhstan (KAZ)*** | 1,044,306 | 5,917,733 |
| ***Belarus (BLR)*** | 1,055,411 | 9,498,700 |
| ***Czech Republic (CZE)*** | 1,055,852 | 10,558,524 |
| ***Switzerland (SUI)*** | 1,191,657 | 2,780,533 |
| ***France (FRA)*** | 1,538,452 | 6,461,500 |
| ***Canada (CAN)*** | 1,659,123 | 9,125,175 |
| ***Greece (GRE)*** | 1,809,670 | 3,619,339 |
| ***Belgium (BEL)*** | 1,887,112 | 5,661,337 |
| ***Germany (GER)*** | 1,946,926 | 4,810,053 |
| ***Italy (ITA)*** | 2,166,627 | 7,583,194 |
| ***South Korea (KOR)*** | 2,419,115 | 5,644,601 |
| ***Uzbekistan (UZB)*** | 2,428,869 | 7,893,825 |
| ***Russia (RUS)*** | 2,618,571 | 7,717,895 |
| ***United States (USA)*** | 2,680,124 | 7,049,891 |
| ***Spain (ESP)*** | 2,731,672 | 6,634,060 |
| ***Japan (JPN)*** | 3,097,561 | 10,583,333 |
| ***Kenya (KEN)*** | 3,396,660 | 7,359,430 |
| ***North Korea (PRK)*** | 3,459,073 | 12,106,755 |
| ***Poland (POL)*** | 3,494,294 | 19,218,620 |
| ***Ukraine (UKR)*** | 3,878,014 | 21,329,075 |
| ***Romania (ROU)*** | 3,972,200 | 19,861,000 |
| ***South Africa (RSA)*** | 5,565,365 | 27,826,827 |
| ***Colombia (COL)*** | 6,100,338 | 16,267,567 |
| ***Malaysia (MAS)*** | 6,345,460 | 0 |
| ***Turkey (TUR)*** | 9,842,750 | 78,742,000 |
| ***Iran (IRI)*** | 9,934,738 | 26,492,633 |
| ***Brazil (BRA)*** | 10,870,684 | 29,506,143 |
| ***Thailand (THA)*** | 10,954,850 | 32,864,549 |
| ***Ethiopia (ETH)*** | 12,731,625 | 101,853,000 |
| ***China (CHN)*** | 19,690,429 | 53,012,692 |
| ***Mexico (MEX)*** | 25,726,400 | 0 |
- Great Britain - uses the United Kingdom's number
## Adjusting Olympic Medal Counts
These methods obviously aren't the best in the world, but they do reveal some of the 'underdogs' once you allow a little editorializing.
To most people watching the games, **Jamaica** is an obvious choice for the hidden winner. Beyond Usain Bolt's 3 gold medals (including in the 4x100), there were *8 other medals* won by the small country... including 3 other golds. Jamaica is at the top of ***both*** of the adjusted lists, so some value is confirmed - and we can argue about the rest of the countries.
> The USA has 3x as many Olympic golds as Hungary, but 30x the population. Adjusting for this, Hungary is kicking our ass.
>
> — Neil deGrasse Tyson (@neiltyson) [August 12, 2016](https://twitter.com/neiltyson/status/764108960525799425)
*Is there a perfect adjustment possible?*
**Of course not** - it would be impossible to perfectly level the advantages and disadvantages of every nation for summer and winter games.
If there ***was*** a measure, it'd probably take geographic constraints (perhaps, degrees of latitude?) into consideration too, especially for the winter games. Consider the sheer amount of land Russia, Canada and the United States claim that get "real" winters.
**Now** consider that the most famous Olympic movie of all time is about, of course, [Jamaica's underdog bobsled team](http://www.imdb.com/title/tt0106611/). People love to watch an underdog, and it makes logical sense that geographic constraints mean small island nations near the equator shouldn't compete too strongly with countries that have land in the arctic circle at any particular Winter Olympics.
Regardless of the weaknesses of any individual adjustment, we'll always have arguments - so argue in the comments\!
*What's the best way to adjust the medal count, and where does your favorite country rank? Anyone from Jamaica or elsewhere want to make a stronger case for Jamaica winning the 2016 Rio Games?*
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### PK
PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.
PK lives in New Hampshire with his wife, kids, and dog.
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| Readable Markdown | August 22nd, 2020 by
PK
Every time an Olympics wraps up, we've got a silly tradition here on DQYDJ where we calculate some of the more dubious *adjusted medal counts* proposed to 'level' out the successes of various countries. There is *some* value with taking a shot(put?) at this - a proper adjustment would be great, and we're not going to [*Nirvana Fallacy*](https://en.wikipedia.org/wiki/Nirvana_fallacy) all over the concept of adjustment in general. It's just that while the ***aim*** is noble, ***in practice*** adjusting isn't a good idea because the United States (for example) can't send 30 gymnasts or 10 basketball teams to the games. That's enough disclaimer. Let's look at the first presentation and the only official statistic... the actual medal count ([courtesy of Wikipedia)](https://en.wikipedia.org/wiki/2016_Summer_Olympics_medal_table): [](https://cdn.dqydj.com/wp-content/uploads/2016/08/olympic_medal_count_15_over.png) All countries with ***15 or more*** total medals in the 2016 Rio Olympic Games (Wikipedia). By this count, the United States was the winner. Onto the Other Olympic Success Measures: Medals vs. GDP and Medals vs. Population However dubious adjusting medal count for country GDPs and populations is, it's still a fun diversion. Sports inspire arguments - it's the very nature of sports, and far superior to other methods of resolving conflict between countries. The truth is, even though these adjusted measures are biased against very rich or very populous countries for the aforementioned reasons, they do tend to reveal countries which are punching above their weight. This year, by this author's calculations, that would be Jamaica, Azerbaijan, Georgia, and Croatia. They outperform on measures of 'GDP dollars per medal' (the inverse of medals per dollar of GDP) and 'Population per Medal' (the inverse of medals per capita). Dollars of GDP per Medal and Dollars of GDP per Gold Our first dubious statistic is our Dollars of GDP per Medal table. We ran these numbers for all countries with 5 or more medals, and used Wikipedia's country [nominal GDP table](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_\(nominal\)). (All numbers are from the IMF's 2016 estimate column unless noted below. Retrieved August, 2016.) **Country** **Dollars of GDP per Medal** **Dollars of GDP per Gold** ***Jamaica (JAM)*** \$1,277,909,090.91 \$2,342,833,333.33 ***Azerbaijan (AZE)*** \$1,952,277,777.78 \$35,141,000,000.00 ***Georgia (GEO)*** \$1,991,714,285.71 \$6,971,000,000.00 ***North Korea (PRK)\**** \$2,485,142,857.14 \$8,698,000,000.00 ***Serbia (SRB)*** \$4,672,625,000.00 \$18,690,500,000.00 ***Uzbekistan (UZB)*** \$4,742,230,769.23 \$15,412,250,000.00 ***Kenya (KEN)*** \$4,976,000,000.00 \$10,781,333,333.33 ***Croatia (CRO)*** \$4,992,800,000.00 \$9,985,600,000.00 ***Belarus (BLR)*** \$5,098,555,555.56 \$45,887,000,000.00 ***Kazakhstan (KAZ)*** \$6,832,411,764.71 \$38,717,000,000.00 ***Cuba (CUB)\**** \$7,013,636,363.64 \$15,430,000,000.00 ***Ukraine (UKR)*** \$7,595,454,545.45 \$41,775,000,000.00 ***Hungary (HUN)*** \$7,848,600,000.00 \$14,716,125,000.00 ***Ethiopia (ETH)*** \$8,429,375,000.00 \$67,435,000,000.00 ***New Zealand (NZL)*** \$9,440,111,111.11 \$42,480,500,000.00 ***Czech Republic (CZE)*** \$18,526,900,000.00 \$185,269,000,000.00 ***Denmark (DEN)*** \$20,118,933,333.33 \$150,892,000,000.00 ***Russia (RUS)*** \$20,227,500,000.00 \$59,617,894,736.84 ***South Africa (RSA)*** \$26,621,300,000.00 \$133,106,500,000.00 ***Colombia (COL)*** \$31,655,000,000.00 \$84,413,333,333.33 ***Greece (GRE)*** \$32,432,333,333.33 \$64,864,666,666.67 ***Romania (ROU)*** \$36,388,800,000.00 \$181,944,000,000.00 ***Netherlands (NED)*** \$40,132,684,210.53 \$95,315,125,000.00 ***Great Britain (GBR)\**** \$41,208,358,208.96 \$102,257,777,777.78 ***Australia (AUS)*** \$41,406,206,896.55 \$150,097,500,000.00 ***Poland (POL)*** \$43,045,545,454.55 \$236,750,500,000.00 ***Sweden (SWE)*** \$46,613,454,545.45 \$256,374,000,000.00 ***Iran (IRI)*** \$48,265,000,000.00 \$128,706,666,666.67 ***France (FRA)*** \$58,685,476,190.48 \$246,479,000,000.00 ***Malaysia (MAS)*** \$61,852,400,000.00 \$0.00 ***South Korea (KOR)*** \$62,914,285,714.29 \$146,800,000,000.00 ***Italy (ITA)*** \$66,024,642,857.14 \$231,086,250,000.00 ***Canada (CAN)*** \$66,469,545,454.55 \$365,582,500,000.00 ***Thailand (THA)*** \$68,287,333,333.33 \$204,862,000,000.00 ***Spain (ESP)*** \$73,080,000,000.00 \$177,480,000,000.00 ***Belgium (BEL)*** \$77,541,333,333.33 \$232,624,000,000.00 ***Brazil (BRA)*** \$80,777,894,736.84 \$219,254,285,714.29 ***Germany (GER)*** \$82,566,190,476.19 \$203,987,058,823.53 ***Switzerland (SUI)*** \$93,110,000,000.00 \$217,256,666,666.67 ***Turkey (TUR)*** \$93,898,250,000.00 \$751,186,000,000.00 ***Japan (JPN)*** \$107,624,390,243.90 \$367,716,666,666.67 ***United States (USA)*** \$148,322,280,991.74 \$390,152,086,956.52 ***China (CHN)*** \$155,234,914,285.72 \$417,940,153,846.15 ***Mexico (MEX)*** \$216,486,000,000.00 \$0.00 Cuba - estimate from the World Bank for 2013 Great Britain - uses the United Kingdom's number North Korea - estimate from the UN for 2014 People Per Medal and People Per Gold Our second dubious statistic is the *people per medal* table. The populations were taken from Wikipedia's [country by population](https://en.wikipedia.org/wiki/List_of_countries_by_population_\(United_Nations\)) article, with estimates from the United Nations in 2016 (Retrieved August 2016). **County** **People per Medal** **People per Gold** ***Jamaica (JAM)*** 247,568 453,874 ***New Zealand (NZL)*** 261,564 1,177,040 ***Denmark (DEN)*** 381,630 2,862,228 ***Croatia (CRO)*** 419,067 838,134 ***Georgia (GEO)*** 531,486 1,860,200 ***Azerbaijan (AZE)*** 541,972 9,755,500 ***Hungary (HUN)*** 654,867 1,227,875 ***Australia (AUS)*** 833,303 3,020,725 ***Serbia (SRB)*** 884,547 3,538,186 ***Netherlands (NED)*** 891,937 2,118,350 ***Sweden (SWE)*** 900,576 4,953,166 ***Great Britain (GBR)\**** 971,791 2,411,481 ***Cuba (CUB)*** 1,021,728 2,247,801 ***Kazakhstan (KAZ)*** 1,044,306 5,917,733 ***Belarus (BLR)*** 1,055,411 9,498,700 ***Czech Republic (CZE)*** 1,055,852 10,558,524 ***Switzerland (SUI)*** 1,191,657 2,780,533 ***France (FRA)*** 1,538,452 6,461,500 ***Canada (CAN)*** 1,659,123 9,125,175 ***Greece (GRE)*** 1,809,670 3,619,339 ***Belgium (BEL)*** 1,887,112 5,661,337 ***Germany (GER)*** 1,946,926 4,810,053 ***Italy (ITA)*** 2,166,627 7,583,194 ***South Korea (KOR)*** 2,419,115 5,644,601 ***Uzbekistan (UZB)*** 2,428,869 7,893,825 ***Russia (RUS)*** 2,618,571 7,717,895 ***United States (USA)*** 2,680,124 7,049,891 ***Spain (ESP)*** 2,731,672 6,634,060 ***Japan (JPN)*** 3,097,561 10,583,333 ***Kenya (KEN)*** 3,396,660 7,359,430 ***North Korea (PRK)*** 3,459,073 12,106,755 ***Poland (POL)*** 3,494,294 19,218,620 ***Ukraine (UKR)*** 3,878,014 21,329,075 ***Romania (ROU)*** 3,972,200 19,861,000 ***South Africa (RSA)*** 5,565,365 27,826,827 ***Colombia (COL)*** 6,100,338 16,267,567 ***Malaysia (MAS)*** 6,345,460 0 ***Turkey (TUR)*** 9,842,750 78,742,000 ***Iran (IRI)*** 9,934,738 26,492,633 ***Brazil (BRA)*** 10,870,684 29,506,143 ***Thailand (THA)*** 10,954,850 32,864,549 ***Ethiopia (ETH)*** 12,731,625 101,853,000 ***China (CHN)*** 19,690,429 53,012,692 ***Mexico (MEX)*** 25,726,400 0 Great Britain - uses the United Kingdom's number Adjusting Olympic Medal Counts These methods obviously aren't the best in the world, but they do reveal some of the 'underdogs' once you allow a little editorializing. To most people watching the games, **Jamaica** is an obvious choice for the hidden winner. Beyond Usain Bolt's 3 gold medals (including in the 4x100), there were *8 other medals* won by the small country... including 3 other golds. Jamaica is at the top of ***both*** of the adjusted lists, so some value is confirmed - and we can argue about the rest of the countries. The USA has 3x as many Olympic golds as Hungary, but 30x the population. Adjusting for this, Hungary is kicking our ass. — Neil deGrasse Tyson (@neiltyson) [August 12, 2016](https://twitter.com/neiltyson/status/764108960525799425) *Is there a perfect adjustment possible?* **Of course not** - it would be impossible to perfectly level the advantages and disadvantages of every nation for summer and winter games. If there ***was*** a measure, it'd probably take geographic constraints (perhaps, degrees of latitude?) into consideration too, especially for the winter games. Consider the sheer amount of land Russia, Canada and the United States claim that get "real" winters. **Now** consider that the most famous Olympic movie of all time is about, of course, [Jamaica's underdog bobsled team](http://www.imdb.com/title/tt0106611/). People love to watch an underdog, and it makes logical sense that geographic constraints mean small island nations near the equator shouldn't compete too strongly with countries that have land in the arctic circle at any particular Winter Olympics. Regardless of the weaknesses of any individual adjustment, we'll always have arguments - so argue in the comments\! *What's the best way to adjust the medal count, and where does your favorite country rank? Anyone from Jamaica or elsewhere want to make a stronger case for Jamaica winning the 2016 Rio Games?*

### PK
PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.
PK lives in New Hampshire with his wife, kids, and dog. |
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