The upcoming FIFA World Cup, to be hosted across the United States, Canada, and Mexico, is projected to generate a combined economic output of approximately 8000 crore dollars, according to a joint study by FIFA and the World Trade Organization (WTO). However, independent economists caution that the actual economic benefit may be less than the projected figure.
The tournament, which will feature a record 48 teams and 104 matches, is expected to significantly boost global GDP by 4900 crore dollars. The expanded format includes a new 'Round of 32' knockout stage, providing more opportunities for teams from regions like Asia and Africa.
Despite the high expectations, some experts, like Victor Matheson from the College of the Holy Cross, suggest that the actual economic benefits for the host countries may be lower due to high organizational costs and unsold tickets. Nevertheless, the tournament is expected to attract around 65 lakh tourists, contributing to local economies through spending on hotels, restaurants, and transportation.
The event is also expected to create around 8.24 lakh full-time jobs globally and generate approximately 940 crore dollars in tax revenue for the host countries. Additionally, FIFA has increased prize money for participating teams, with the champion set to receive a record 5 crore dollars.
