I should also mention a little regression analysis I did showing that overwhelmingly the best predictor of how many medals a country won was how many athletes they sent to the games. The more you play, the more you win. Not shocking, I know, but still a better predictor than wealth. However, GDP turns out to be the best predictor of how many athletes a nation will send. So national wealth is important, but somewhat indirectly.
Anyway, charts are below the jump. North Korea, while having a great first week, fell quite a bit in most rankings. The big story now is Jamaica, a small and relatively poor country that won a ton of medals.
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Just in case you have not seen them - there are people who have compiled full population and gdp analyses of the medals results at
The Guardian - http://www.guardian.co.uk/sport/datablog/2012/jul/30/olympics-2012-alternative-medal-table
economist Bill Mitchell -
http://www.billmitchell.org/sport/medal_tally_2012.html
Craig Nevill Manning -
http://www.medalspercapita.com/#medals-per-capita:2012
The medalspercapita.com site actually has data for all previous olympics, as well as cumulative totals - the Guardian is the only one to account for team size.
I have lost track of where - but someone also took a look at age distribution issues in relation to this data - and wrote up some of the implications for likely Olympic results in coming years.
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