Incentives for Olympic medalists by country
Updated: 5/20/2026, 8:06:20 PM Wikipedia source
This article details standard incentives given to Olympic athletes for winning a medal either by their National Olympic Committee, the government of their country/territory, or both. While the International Olympic Committee itself does not provide monetary rewards to Olympic medalists, many countries provide prize money to athletes for winning a medal at the Olympics. In countries such as Singapore and India elite sport enjoys heavy government involvement, and athletes are given high monetary rewards for winning Olympic medals as a means to promote a positive image of those nations on the international stage. Great Britain, Norway, Sweden and some other countries do not provide direct monetary incentives to their athletes for winning an Olympic medal (as of the 2020 Summer Olympics). Some countries may provide extensive indirect funding.
Tables
· Incentive list (USD equivalent in 2021)
Australia
Australia
IOC member
Australia
Gold
$20,000
Silver
$18,000
Bronze
$10,000
Austria
Austria
IOC member
Austria
Gold
$21,986
Bronze
$15,390
Note
2021: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €17,000. Silver medalists received €13,000, bronze medalists received €11,000 each.
2024: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €20,000. Bronze medalists received €14,000 each.
Azerbaijan
Azerbaijan
IOC member
Azerbaijan
Gold
$235,000
Silver
$117,500
Bronze
$58,750
Note
AZN 400,000, AZN 200,000 and AZN 100,000, for gold, silver and bronze, respectively, as of the 2016 Rio Olympics.
Belgium
Belgium
IOC member
Belgium
Gold
$54,606
Silver
$32,764
Bronze
$21,843
Note
€50,000, €30,000, €20,000, for gold, silver and bronze, respectively, as of the 2024 Paris Olympics.
Brazil
Brazil
IOC member
Brazil
Gold
$49,000
Silver
$29,000
Bronze
$20,000
Bulgaria
Bulgaria
IOC member
Bulgaria
Gold
$139,719
Silver
$111,775
Bronze
$83,881
Note
250 000 Bulgarian Lev for gold, 200 000 Bulgarian Lev for silver, and 150 000 Bulgarian Lev for bronze.
Canada
Canada
IOC member
Canada
Gold
$14,572
Silver
$10,929
Bronze
$7,286
Note
In 2024 $5000 "top-up" was donated for every medal won.
Costa Rica
Costa Rica
IOC member
Costa Rica
Gold
$16,000
Silver
$12,000
Bronze
$8,000
Czech Republic
Czech Republic
IOC member
Czech Republic
Gold
$100,000
Silver
$80,000
Bronze
$50,000
Denmark
Denmark
IOC member
Denmark
Gold
$15,962
Silver
$11,971
Bronze
$7,981
Ecuador
Ecuador
IOC member
Ecuador
Gold
$150,000
Silver
$125,000
Bronze
$100,000
Note
Before August 1, 2024 values were USD 100 (gold), USD 80 (silver) y USD 60 (bronze)
Estonia
Estonia
IOC member
Estonia
Gold
$117,500
Silver
$82,250
Bronze
$52,000
Note
€100,000, €70,000 and €45,000, for gold, silver and bronze, respectively. Prize money is doubled in the case a medal is won by a team of four or more individuals.
Finland
Finland
IOC member
Finland
Gold
$59,342
Silver
$35,605
Bronze
$23,737
Fiji
Fiji
IOC member
Fiji
Gold
$50,000
Silver
$20,000
Bronze
$10,000
France
France
IOC member
France
Gold
$86,670
Silver
$43,335
Bronze
$21,667
Note
€80,000 / €40,000 / €20,000
Georgia
Georgia
IOC member
Georgia
Gold
$318,000
Silver
$159,000
Bronze
$79,500
Note
GEL1,000,000, GEL500,000 and GEL250,000 for gold, silver and bronze, respectively.
Germany
Germany
IOC member
Germany
Gold
$22,000
Silver
$17,000
Bronze
$11,000
Great Britain
Great Britain
IOC member
Great Britain
Gold
$0
Silver
$0
Bronze
$0
Note
Annual stipend of $36,000 to each athlete.
Greece
Greece
IOC member
Greece
Gold
$100,000
Silver
$55,000
Bronze
$44,000
Note
90 € Gold, 50 € Silver, 40 € Bronze.
Hong Kong
Hong Kong
IOC member
Hong Kong
Gold
$769,558
Silver
$384,279
Bronze
$192,139
Note
HK$6,000,000, HK$3,000,000 and HK$1,500,000, for gold, silver and bronze, respectively.
Hungary
Hungary
IOC member
Hungary
Gold
$150,000
Silver
$106,000
Bronze
$84,000
Note
HUF55,000,000, HUF39,000,000 and HUF31,000,000, for gold, silver and bronze, respectively.
Indonesia
Indonesia
IOC member
Indonesia
Gold
$346,000
Silver
$138,500
Bronze
$69,250
Note
Rp 5 billion, Rp 2 billion and Rp 1 billion, for gold, silver and bronze, respectively.
Iran
Iran
IOC member
Iran
Gold
$295,000
Silver
$131,000
Bronze
$66,000
Note
Gold: 18 billion Toman, Silver: 8 billion Toman, Bronze: 4 billion Toman.
Israel
Israel
IOC member
Israel
Gold
$263,000
Silver
$197,000
Bronze
$132,000
Note
Gold: 1,000,000 NIS, Silver: 750,000 NIS, Bronze: 500,000 as for Paris 2024 Olympics
Italy
Italy
IOC member
Italy
Gold
$213,000
Silver
$107,000
Bronze
$71,000
Japan
Japan
IOC member
Japan
Gold
$45,000
Silver
$18,000
Bronze
$9,000
Kazakhstan
Kazakhstan
IOC member
Kazakhstan
Gold
$250,000
Silver
$150,000
Bronze
$75,000
Kosovo
Kosovo
IOC member
Kosovo
Gold
$118,683
Silver
$71,210
Bronze
$47,473
Kyrgyzstan
Kyrgyzstan
IOC member
Kyrgyzstan
Gold
$117,000
Silver
$117,000
Bronze
$82,000
Liechtenstein
Liechtenstein
IOC member
Liechtenstein
Gold
$27,602
Silver
$22,082
Bronze
$16,561
Lithuania
Lithuania
IOC member
Lithuania
Gold
$183,005
Silver
$91,533
Bronze
$68,664
Malaysia
Malaysia
IOC member
Malaysia
Gold
$236,000
Silver
$71,000
Bronze
$24,000
Note
Additional lifetime monthly salary of 5,000, 3,000 and 2,000 ringgit, for gold, silver and bronze, respectively.
Mexico
Mexico
IOC member
Mexico
Gold
$169,212
Silver
$112,808
Bronze
$56,404
Mongolia
Mongolia
IOC member
Mongolia
Gold
$35,280
Silver
$17,640
Bronze
$8,820
Note
₮120,000,000, ₮60,000,000 and ₮30,000,000 for gold, silver and bronze, respectively. Additional monthly payment of ₮4,000,000 ($1,176), ₮3,000,000 ($882) and ₮2,000,000 ($588) for gold, silver and bronze, respectively for the rest of life.
Morocco
Morocco
IOC member
Morocco
Gold
$225,067
Silver
$140,667
Bronze
$84,400
Netherlands
Netherlands
IOC member
Netherlands
Gold
$32,614
Silver
$24,460
Bronze
$16,307
Note
€30,000 for gold, €22,500 for silver and €15,000 for bronze in the individual sports. For team sports, a minimum of €11,000 for gold, €8,000 for silver and €5,000 for bronze, all dependent on the number of team members.
New Zealand
New Zealand
IOC member
New Zealand
Gold
$36,118
Silver
$33,100
Bronze
$33,100
Note
High Performance New Zealand grants $60,000 NZD to gold medallists and $55,000 NZD to silver and bronze medallists.
Norway
Norway
IOC member
Norway
Gold
$0
Silver
$0
Bronze
$0
Philippines
Philippines
IOC member
Philippines
Gold
$200,000
Silver
$100,000
Bronze
$40,000
Note
₱10,000,000, ₱5,000,000 and ₱2,000,000, for gold, silver and bronze, respectively.
Poland
Poland
IOC member
Poland
Gold
$51,572
Silver
$37,389
Bronze
$27,075
Note
For Gold and Silver Medalists an apartament in Capital of Poland. For any medalist, a monthly payment after reaching 40th birthday of $1,083 for the rest of life.
Russia
Russia
IOC member
Russia
Gold
$61,000
Silver
$38,000
Bronze
$26,000
Note
Medal winners have historically been gifted expensive premium cars valued at $50,000 to $200,000 USD and luxury apartments valued at $500,000 to $1,000,000 in addition to separate payouts from national federations and regional governments. That tradition stretches back to the Soviet era.
Romania
Romania
IOC member
Romania
Gold
$145,800
Silver
$116,600
Bronze
$87,500
Note
The prizes for gold, silver, and bronze are €140,000, €112,000, and €84,000, respectively, while the 4th, 5th, and 6th place winners receive €56,000, €42,000, and €28,000, respectively. In addition, Olympic medalists are entitled to a lifetime monthly payment, calculated as up to 1 times the gross average salary after retirement
Serbia
Serbia
IOC member
Serbia
Gold
$226,000
Silver
$113,000
Bronze
$62,000
Singapore
Singapore
IOC member
Singapore
Gold
$737,000
Silver
$369,000
Bronze
$184,000
Note
S$1,000,000, S$500,000 and S$250,000, for gold, silver and bronze, respectively.
Slovakia
Slovakia
IOC member
Slovakia
Gold
$59,342
Silver
$47,473
Bronze
$35,605
Note
Athletes also get rewards for placings up to 8th place: €20,000, €15,000, €10,000, €8,000, and €6,000. For team sports, individual athletes get rewards up to 6th place: €15,000 (gold), €13,000 (silver), €11,000 (bronze), €9,000, €6,000, and €4,000 per athlete.
Slovenia
Slovenia
IOC member
Slovenia
Gold
$23,737
Silver
$20,770
Bronze
$17,802
South Africa
South Africa
IOC member
South Africa
Gold
$37,000
Silver
$19,000
Bronze
$7,000
South Korea
South Korea
IOC member
South Korea
Gold
$54,767
Silver
$30,426
Bronze
$21,733
Note
Male medal winners become exempt from military conscription. For Gold Medalists, a monthly payment of 1000000 Won ($727 USD) for the rest of life.
Spain
Spain
IOC member
Spain
Gold
$111,562
Silver
$56,968
Bronze
$35,605
Sweden
Sweden
IOC member
Sweden
Gold
$0
Silver
$0
Bronze
$0
Switzerland
Switzerland
IOC member
Switzerland
Gold
$44,171
Silver
$33,129
Bronze
$22,086
Chinese Taipei*
Chinese Taipei*
IOC member
Chinese Taipei*
Gold
$720,000
Silver
$251,000
Bronze
$178,000
Note
NT$20,000,000, NT$7,000,000 and NT$5,000,000, for gold, silver and bronze, respectively.
Thailand
Thailand
IOC member
Thailand
Gold
$365,150
Silver
$219,090
Bronze
$146,060
Note
THB12,000,000, THB7,200,000 and THB4,800,000, for gold, silver and bronze, respectively.
Turkey
Turkey
IOC member
Turkey
Gold
$1,016,000
Silver
$609,600
Bronze
$304,800
Note
1000, 600 and 300 gold coins for gold, silver and bronze, respectively.
Ukraine
Ukraine
IOC member
Ukraine
Gold
$125,000
Silver
$100,000
Bronze
$80,000
Note
Additionally, a lifetime stipend is provided to all medalists.
United States
United States
IOC member
United States
Gold
$37,500
Silver
$22,500
Bronze
$15,000
Uzbekistan
Uzbekistan
IOC member
Uzbekistan
Gold
$200,000
Silver
$100,000
Bronze
$50,000
| IOC member | Gold | Silver | Bronze | Note | Ref. |
| Australia | $20,000 | $18,000 | $10,000 | ||
| Austria | $21,986 | $15,390 | 2021: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €17,000. Silver medalists received €13,000, bronze medalists received €11,000 each. 2024: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €20,000. Bronze medalists received €14,000 each. | ||
| Azerbaijan | $235,000 | $117,500 | $58,750 | AZN 400,000, AZN 200,000 and AZN 100,000, for gold, silver and bronze, respectively, as of the 2016 Rio Olympics. | |
| Belgium | $54,606 | $32,764 | $21,843 | €50,000, €30,000, €20,000, for gold, silver and bronze, respectively, as of the 2024 Paris Olympics. | |
| Brazil | $49,000 | $29,000 | $20,000 | ||
| Bulgaria | $139,719 | $111,775 | $83,881 | 250 000 Bulgarian Lev for gold, 200 000 Bulgarian Lev for silver, and 150 000 Bulgarian Lev for bronze. | |
| Canada | $14,572 | $10,929 | $7,286 | In 2024 $5000 "top-up" was donated for every medal won. | |
| Costa Rica | $16,000 | $12,000 | $8,000 | ||
| Czech Republic | $100,000 | $80,000 | $50,000 | ||
| Denmark | $15,962 | $11,971 | $7,981 | ||
| Ecuador | $150,000 | $125,000 | $100,000 | Before August 1, 2024 values were USD 100 (gold), USD 80 (silver) y USD 60 (bronze) | |
| Estonia | $117,500 | $82,250 | $52,000 | €100,000, €70,000 and €45,000, for gold, silver and bronze, respectively. Prize money is doubled in the case a medal is won by a team of four or more individuals. | |
| Finland | $59,342 | $35,605 | $23,737 | ||
| Fiji | $50,000 | $20,000 | $10,000 | ||
| France | $86,670 | $43,335 | $21,667 | €80,000 / €40,000 / €20,000 | |
| Georgia | $318,000 | $159,000 | $79,500 | GEL1,000,000, GEL500,000 and GEL250,000 for gold, silver and bronze, respectively. | |
| Germany | $22,000 | $17,000 | $11,000 | ||
| Great Britain | $0 | $0 | $0 | Annual stipend of $36,000 to each athlete. | |
| Greece | $100,000 | $55,000 | $44,000 | 90 € Gold, 50 € Silver, 40 € Bronze. | |
| Hong Kong | $769,558 | $384,279 | $192,139 | HK$6,000,000, HK$3,000,000 and HK$1,500,000, for gold, silver and bronze, respectively. | |
| Hungary | $150,000 | $106,000 | $84,000 | HUF55,000,000, HUF39,000,000 and HUF31,000,000, for gold, silver and bronze, respectively. | |
| Indonesia | $346,000 | $138,500 | $69,250 | Rp 5 billion, Rp 2 billion and Rp 1 billion, for gold, silver and bronze, respectively. | |
| Iran | $295,000 | $131,000 | $66,000 | Gold: 18 billion Toman, Silver: 8 billion Toman, Bronze: 4 billion Toman. | |
| Israel | $263,000 | $197,000 | $132,000 | Gold: 1,000,000 NIS, Silver: 750,000 NIS, Bronze: 500,000 as for Paris 2024 Olympics | |
| Italy | $213,000 | $107,000 | $71,000 | ||
| Japan | $45,000 | $18,000 | $9,000 | ||
| Kazakhstan | $250,000 | $150,000 | $75,000 | ||
| Kosovo | $118,683 | $71,210 | $47,473 | ||
| Kyrgyzstan | $117,000 | $117,000 | $82,000 | ||
| Liechtenstein | $27,602 | $22,082 | $16,561 | ||
| Lithuania | $183,005 | $91,533 | $68,664 | ||
| Malaysia | $236,000 | $71,000 | $24,000 | Additional lifetime monthly salary of 5,000, 3,000 and 2,000 ringgit, for gold, silver and bronze, respectively. | |
| Mexico | $169,212 | $112,808 | $56,404 | ||
| Mongolia | $35,280 | $17,640 | $8,820 | ₮120,000,000, ₮60,000,000 and ₮30,000,000 for gold, silver and bronze, respectively. Additional monthly payment of ₮4,000,000 ($1,176), ₮3,000,000 ($882) and ₮2,000,000 ($588) for gold, silver and bronze, respectively for the rest of life. | |
| Morocco | $225,067 | $140,667 | $84,400 | ||
| Netherlands | $32,614 | $24,460 | $16,307 | €30,000 for gold, €22,500 for silver and €15,000 for bronze in the individual sports. For team sports, a minimum of €11,000 for gold, €8,000 for silver and €5,000 for bronze, all dependent on the number of team members. | |
| New Zealand | $36,118 | $33,100 | $33,100 | High Performance New Zealand grants $60,000 NZD to gold medallists and $55,000 NZD to silver and bronze medallists. | |
| Norway | $0 | $0 | $0 | ||
| Philippines | $200,000 | $100,000 | $40,000 | ₱10,000,000, ₱5,000,000 and ₱2,000,000, for gold, silver and bronze, respectively. | |
| Poland | $51,572 | $37,389 | $27,075 | For Gold and Silver Medalists an apartament in Capital of Poland. For any medalist, a monthly payment after reaching 40th birthday of $1,083 for the rest of life. | |
| Russia | $61,000 | $38,000 | $26,000 | Medal winners have historically been gifted expensive premium cars valued at $50,000 to $200,000 USD and luxury apartments valued at $500,000 to $1,000,000 in addition to separate payouts from national federations and regional governments. That tradition stretches back to the Soviet era. | |
| Romania | $145,800 | $116,600 | $87,500 | The prizes for gold, silver, and bronze are €140,000, €112,000, and €84,000, respectively, while the 4th, 5th, and 6th place winners receive €56,000, €42,000, and €28,000, respectively. In addition, Olympic medalists are entitled to a lifetime monthly payment, calculated as up to 1 times the gross average salary after retirement | |
| Serbia | $226,000 | $113,000 | $62,000 | ||
| Singapore | $737,000 | $369,000 | $184,000 | S$1,000,000, S$500,000 and S$250,000, for gold, silver and bronze, respectively. | |
| Slovakia | $59,342 | $47,473 | $35,605 | Athletes also get rewards for placings up to 8th place: €20,000, €15,000, €10,000, €8,000, and €6,000. For team sports, individual athletes get rewards up to 6th place: €15,000 (gold), €13,000 (silver), €11,000 (bronze), €9,000, €6,000, and €4,000 per athlete. | |
| Slovenia | $23,737 | $20,770 | $17,802 | ||
| South Africa | $37,000 | $19,000 | $7,000 | ||
| South Korea | $54,767 | $30,426 | $21,733 | Male medal winners become exempt from military conscription. For Gold Medalists, a monthly payment of 1000000 Won ($727 USD) for the rest of life. | |
| Spain | $111,562 | $56,968 | $35,605 |
· By country › Singapore
Gold
Gold
Medal
Gold
Standard reward
S$1,000,000
Silver
Silver
Medal
Silver
Standard reward
S$500,000
Bronze
Bronze
Medal
Bronze
Standard reward
S$250,000
| Medal | Standard reward |
| Gold | S$1,000,000 |
| Silver | S$500,000 |
| Bronze | S$250,000 |
· By country › Philippines
Gold
Gold
Medal
Gold
Standard reward
₱10 million
Silver
Silver
Medal
Silver
Standard reward
₱5 million
Bronze
Bronze
Medal
Bronze
Standard reward
₱2 million
| Medal | Standard reward |
| Gold | ₱10 million |
| Silver | ₱5 million |
| Bronze | ₱2 million |
References
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