The economic impact of Paris 2024 in the Île-de-France region between 2018 and 2034 is estimated at between €6.7 billion and €11.1 billion over the 17-year period, namely an intermediate scenario projecting a “net injection” of €8.9 billion. The figures were revealed in a new independent study from the Centre de Droit et d’Économie du Sport (CDES), a French research institute specializing in the economic and legal aspects of sport, based in Limoges. The study was presented on May 14 at a press conference.
The 17-year period from 2018 to 2034 was picked to cover the entire lifecycle of the Paris 2024 Games, including preparation (2018-2023), staging (2024) and legacy (2024-2034). The net economic impact has been measured by considering the external injection of economic resources within the Île de France region that would not have occurred without the Games. The impact is expected to come mainly from tourism, construction, and the organization of the Games, which constitute 30, 28 and 42 percent of the net economic impact, respectively.
As the first Olympic Games aligned with the International Olympic Committee (IOC)’s strategic roadmap, Olympic Agenda 2020, the Paris 2024 organizers have planned the Games with social, environmental and economic responsibility in mind, which are already bringing benefits to the local population before the start of the event. Around 90 percent of the Organizing Committee’s service providers are French.
The new report follows the guidelines of the Organization for Economic Cooperation and Development (OECD), published in July 2023 to assist global sports, business and cultural event organizers and their stakeholders in monitoring and evaluating the social, economic and environmental benefits of their events through evidence-driven methodology. An ex-post study, carried out by the French National Government after the Paris 2024 Games, will look at the broader impact also across the rest of the country, using the same methodology.
