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The economic impact of the London 2012 Olympic and Paralympic Games

Posted on: 10 July 2012
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London 2012, its build-up and subsequent legacy will generate £16.5bn of gross domestic product (GDP) for the UK’s economy, according to Lloyds Banking Group (LBG), with construction and tourism the key sectors in driving the economic boost. The report covers the period from London being announced as host city in 2005 through to 2017. In the five-year legacy period after the Games, LBG forecasts that the UK economy will be boosted by £5bn worth of games-related GDP, particularly in terms of physical infrastructure.

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