2032 Olympic Games Could Boost Economy By 70 Billion

Published by Andrew on July 24, 2025

The Economic Impact of the upcoming 2032 Olympic Games in Brisbane is expected to be monumental, with forecasts suggesting over $70 billion will be infused into the Australian economy over the next two decades.

This article will delve into Deloitte’s projections regarding job creation and fiscal benefits for southeast Queensland, as well as the anticipated statewide and nationwide economic gains.

Additionally, we will explore the federal government’s commitment to funding the main stadium at Victoria Park, which will serve as the center of Olympic activities and enhance the overall experience of the Games.

Projected Economic and Employment Benefits to Australia

The 2032 Olympic Games in Brisbane are set to deliver significant economic and employment benefits to Australia.

With an anticipated injection of over $70 billion into the economy, various regions of the country will experience substantial growth.

The following table provides a clear overview of the economic boost and job creation expected in southeast Queensland, the state of Queensland, and the rest of Australia.

Economic Boost in Southeast Queensland

Deloitte’s forecast of a 39.5 billion dollars economic boost reflects significant potential for transformation in southeast Queensland’s economy.

This projection is more than just numbers; it signifies an opportunity for substantial growth and development.

With the anticipation of 7,800 new jobs by 2052, the region’s workforce expects a considerable enhancement, offering an improved livelihood for many.

This growth, driven by the 2032 Olympics, positions southeast Queensland as a vital hub of activity, encouraging investment and innovation.

These economic benefits extend beyond mere financial gain to encompass broader societal improvements.

• 39.5 billion dollar uplift for the region
• 7,800 new jobs anticipated by 2052

Statewide Impact Across Queensland

Regions across Queensland, beyond its bustling southeast, stand to gain significantly from the 2032 Olympics.

With an anticipated economic injection of 19.3 billion dollars, these areas are projected to thrive in various sectors.

This economic surge is expected to create 4,900 new jobs, offering vast opportunities in fields such as tourism and infrastructure development.

As the event unfolds, locals can expect increased business activity and infrastructure enhancements that cater to both Olympic needs and long-term community growth.

The Games will undoubtedly become a catalyst for regional empowerment, as highlighted on the economic report by Deloitte, ensuring a legacy of prosperity for Queensland’s broader landscape.

Nationwide Effects Beyond Queensland

The 2032 Brisbane Olympics is projected to generate substantial economic benefits across Australian states and territories outside Queensland, withan 11.8 billion-dollar boost and 4,700 new jobsanticipated.

According to an analysis by Trade and Investment Queensland, the Olympic Games promise a transformative impact, fostering economic growth and job creation nationwide.

Improved international exposure may strengthen tourism and trade, enhancing economic vitality beyond Queensland.

The federal investment in infrastructure will ripple through other states, enhancing national sports industry capacityand overall economic resilience.

Victoria Park Olympic Hub and Stadium Investment

Victoria Park emerges as the centerpiece of the 2032 Brisbane Olympics, with the federal government allocating 1.2 billion dollars toward the construction of a 63,000-seat stadium.

This significant investment underscores the strategic importance of Victoria Park in hosting Olympic events.

Designed to serve as the bustling epicenter of sports and cultural activities during the Games, the stadium will welcome thousands of athletes and spectators from around the world.

The infrastructure is set to enhance the area’s vibrancy and foster long-term community benefits.

The main stadium will not only accommodate major sporting events but also future AFL and cricket activities, ensuring its role as a vital part of Australia’s sporting landscape.

Explore further details on the Victoria Park stadium development

7.1 billion dollar precinct development encompasses more than just the stadium itself, reaffirming the precinct as a cornerstone of the Olympics with comprehensive facilities.

This large-scale development project, buttressed by both federal and state investments, transforms Victoria Park into a vibrant hub integrated with transportation and entertainment options.

The masterplan envisions a community-oriented space, fostering long-term urban revitalization and providing a legacy that extends well beyond the Games.

By placing all critical facilities and services in close proximity, the precinct ensures convenience and accessibility for athletes, organizers, and visitors alike, making it a pivotal locale for Olympic festivities.

For a detailed look at the precinct’s masterplan, visit the Victoria Park Olympic precinct masterplan

• Seating capacity: 63,000
• Funding amount: 1.2 billion dollars
• Overall precinct cost: 7.1 billion dollars

In conclusion, the 2032 Olympics present a significant opportunity for economic growth and job creation across Australia, particularly in Queensland.

With strategic investments and planning, the Games are poised to leave a lasting legacy for the country’s economy.