The Economics Of The FIFA World Cup
BlackBull Markets | Apr 11, 2022 06:39PM ET
In a few months from now, billions of people will be glued to their TVs for the 2022 FIFA World Cup that is set to take place in Qatar. Every four years, soccer’s global governing body gathers teams from over 30 countries for the world’s biggest sporting event that brings in billions of dollars in revenues and other economic benefits (jobs and tourism) for host nations and for FIFA itself.h2 Economic benefits for host countries/h2
For every World Cup, countries put in their bids to host the event as it is widely seen as beneficial for tourism in the long run. Preparing for the event boosts infrastructure and employment in the run up to the World Cup and attracts tourists during and after the event.
Countries spend heavily in building stadiums as 2018 World Cup and $4.8 billion from the 2014 event.
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