Shodhak : A Journal of Historical Research ISSN : 0302-9832 Volume: 53, Issue: 02,No: 07, May - August: 2023 UGC CARE Group- 1, Sr. No: 381 Page. 115 IMPACT OF OLYMPICS ON HOST COUNTRY'S ECONOMY Dr.R.Nandagopal, Director General, Sree Saraswathi Thyagaraja College, Pollachi Prof.A.Prasath kumar, Assistant Professor, School of Management, Sree Saraswathi Thyagaraja College, Pollachi dg@stc.ac.in; prasathkumar.a@stc.ac.in Abstract: This research study has been developed by focusing on the economic impact of Olympic. To analyses the economic indicators of the five countries (the United States, Spain, Australia, China and Greece) that have hosted the Games between 1992 and 2008, this study utilizes a quantitative exploratory research technique and secondary data analysis. The primary indicators of success include gross domestic product, unemployment rate, tourist numbers, and foreign direct investment in the decade before, during, and after the Olympic and Paralympic Games. The studies suggest that an Olympic host country has short- and long-term economic advantages such as increased GDP, increased tourism, and increased foreign direct investment. However, studies showed that the impact on the jobless rate was small. This research elucidates the monetary benefits of hosting the Olympic Games to aid policymakers in making informed assessments on the feasibility of such mega-events. The consequences of hosting the Olympics on non-economic aspects, such as social and environmental circumstances, and how they differ between rich and developing countries might be the subject of further research. Keywords: Olympics, GDP, economy, unemployment rate, foreign direct investment, tourism, secondary data analysis, exploratory research. Introduction Since their resurrection in 1896, the Olympic Games, one of the most important international sporting events, have taken place every four years. Athletes from all over the globe participate in a wide range of sports, and the Games have the potential to provide a significant economic boost for the host nation. The Olympics provide an excellent opportunity for the host nation to display its achievements in the fields of infrastructure, technology, hospitality, and tourism. Many countries would like to host the Olympics because of the prestige that comes with having the Games held in their country. Countries spend vast sums of money in preparation for the Olympics, making the bidding process a very competitive one [1]. Many countries choose to host the Olympics in the hopes of reaping the financial benefits. However, there is growing debate over whether or not the economic benefits of hosting the Olympics outweigh the costs. The study's objective is to learn how the Olympics affected the economy of the host nation. The study's goal is to catalogue and assess the monetary windfall that falls on the nation that plays host to the Olympic Games [2]. This study looks at how hosting the Olympics affected the economies of five countries—Spain, the United States, Australia, Greece, and China—ten years after the games were hosted there. Problem statement: For a long time, people have argued over whether or not hosting the Olympics is worth the cost. Some claim that the Games' economic advantages much surpass their expenses for the host nation, while others argue the opposite. The purpose of this study is to answer the question of whether or not an Olympic host nation has a beneficial economic effect. Objectives:  To calculate the GDP of the five nations (Spain, the United States, Australia, Greece, and China) 10 years after hosting the Olympic Games.  To document the FDI that came into the nation after the Olympics.  To tally the number of visitors who came to the nation.