Rio 2016 organizers dropped the curtain on the Summer Games on Sunday after hosting the world’s elite athletes who’ve competed for 306 medals over the past 19 days in Rio de Janeiro, Brazil
The United States was the biggest winner, arting away 121 medals, 46 of which were gold.
In second place was Great Britain, winning 67 medals in total. China trailed Great Britain in third place with medals, but less Gold.
An analysis of the Olympic medals standing will indicate that wealthier nations tend to perform better overall.
However, a look at the ratio of medals to gross domestic product, or even medals per capita, favours the less wealthy countries.
For instance, the United States with a GDP of about 17 trillion USD has a Medal per $100B GDP of 0.67, while Jamaica with a GDP of $24.6 billion USD has a Medal per $100B GDP of 44.62.
A table indicating the Medal per $100B GDP of all participating countries is shown below (Table credit: Bloomberg):
| Country |  |
 |
 |
Total | Population (millions) | GDP-PPP ($billions) | Medals per million pop. | Medals per $100B GDP |
|---|---|---|---|---|---|---|---|---|
| United States | 46 | 37 | 38 | 121 | 321.4 | $17,950.0 | 0.38 | 0.67 |
| Great Britain | 27 | 23 | 17 | 67 | 64.1 | $2,679.0 | 1.05 | 2.50 |
| China | 26 | 18 | 26 | 70 | 1,367.5 | $19,390.0 | 0.05 | 0.36 |
| Russia | 19 | 18 | 19 | 56 | 142.4 | $3,718.0 | 0.39 | 1.51 |
| Germany | 17 | 10 | 15 | 42 | 80.9 | $3,841.0 | 0.52 | 1.09 |
| Japan | 12 | 8 | 21 | 41 | 126.9 | $4,830.0 | 0.32 | 0.85 |
| France | 10 | 18 | 14 | 42 | 66.6 | $2,647.0 | 0.63 | 1.59 |
| South Korea | 9 | 3 | 9 | 21 | 49.1 | $1,849.0 | 0.43 | 1.14 |
| Italy | 8 | 12 | 8 | 28 | 61.9 | $2,171.0 | 0.45 | 1.29 |
| Australia | 8 | 11 | 10 | 29 | 22.8 | $1,489.0 | 1.27 | 1.95 |
| Netherlands | 8 | 7 | 4 | 19 | 16.9 | $832.6 | 1.12 | 2.28 |
| Hungary | 8 | 3 | 4 | 15 | 9.9 | $258.4 | 1.52 | 5.80 |
| Brazil | 7 | 6 | 6 | 19 | 204.3 | $3,192.0 | 0.09 | 0.60 |
| Spain | 7 | 4 | 6 | 17 | 48.1 | $1,615.0 | 0.35 | 1.05 |
| Kenya | 6 | 6 | 1 | 13 | 45.9 | $141.9 | 0.28 | 9.16 |
| Jamaica | 6 | 3 | 2 | 11 | 3.0 | $24.6 | 3.73 | 44.62 |
| Croatia | 5 | 3 | 2 | 10 | 4.5 | $91.1 | 2.24 | 10.98 |
| Cuba | 5 | 2 | 4 | 11 | 11.0 | $128.5 | 1.00 | 8.56 |
| New Zealand | 4 | 9 | 5 | 18 | 4.4 | $168.2 | 4.06 | 10.70 |
| Canada | 4 | 3 | 15 | 22 | 35.1 | $1,632.0 | 0.63 | 1.35 |
| Uzbekistan | 4 | 2 | 7 | 13 | 29.2 | $187.9 | 0.45 | 6.92 |
| Kazakhstan | 3 | 5 | 9 | 17 | 18.2 | $429.1 | 0.94 | 3.96 |
| Colombia | 3 | 2 | 3 | 8 | 46.7 | $667.4 | 0.17 | 1.20 |
| Switzerland | 3 | 2 | 2 | 7 | 8.1 | $482.3 | 0.86 | 1.45 |
| Iran | 3 | 1 | 4 | 8 | 81.8 | $1,371.0 | 0.10 | 0.58 |
| Greece | 3 | 1 | 2 | 6 | 10.8 | $286.0 | 0.56 | 2.10 |
| Argentina | 3 | 1 | 0 | 4 | 43.4 | $972.0 | 0.09 | 0.41 |
| Denmark | 2 | 6 | 7 | 15 | 5.6 | $258.7 | 2.69 | 5.80 |
| Sweden | 2 | 6 | 3 | 11 | 9.8 | $473.4 | 1.12 | 2.32 |
| South Africa | 2 | 6 | 2 | 10 | 53.7 | $723.5 | 0.19 | 1.38 |
| Ukraine | 2 | 5 | 4 | 11 | 44.4 | $339.5 | 0.25 | 3.24 |
| Serbia | 2 | 4 | 2 | 8 | 7.2 | $97.5 | 1.11 | 8.21 |
| Poland | 2 | 3 | 6 | 11 | 38.6 | $1,005.0 | 0.29 | 1.09 |
| North Korea | 2 | 3 | 2 | 7 | 25.0 | $40.0 | 0.28 | 17.50 |
| Belgium | 2 | 2 | 2 | 6 | 11.3 | $494.1 | 0.53 | 1.21 |
| Thailand | 2 | 2 | 2 | 6 | 68.0 | $1,108.0 | 0.09 | 0.54 |
| Slovakia | 2 | 2 | 0 | 4 | 5.4 | $161.0 | 0.73 | 2.48 |
| Georgia | 2 | 1 | 4 | 7 | 4.9 | $35.6 | 1.42 | 19.66 |
| Azerbaijan | 1 | 7 | 10 | 18 | 9.8 | $169.4 | 1.84 | 10.63 |
| Belarus | 1 | 4 | 4 | 9 | 9.6 | $167.7 | 0.94 | 5.37 |
| Turkey | 1 | 3 | 4 | 8 | 79.4 | $1,589.0 | 0.10 | 0.50 |
| Armenia | 1 | 3 | 0 | 4 | 3.1 | $25.3 | 1.31 | 15.80 |
| Czech Republic | 1 | 2 | 7 | 10 | 10.6 | $332.5 | 0.94 | 3.01 |
| Ethiopia | 1 | 2 | 5 | 8 | 99.5 | $161.6 | 0.08 | 4.95 |
| Slovenia | 1 | 2 | 1 | 4 | 2.0 | $64.0 | 2.02 | 6.25 |
| Indonesia | 1 | 2 | 0 | 3 | 256.0 | $2,842.0 | 0.01 | 0.11 |
| Romania | 1 | 1 | 3 | 5 | 21.7 | $413.8 | 0.23 | 1.21 |
| Bahrain | 1 | 1 | 0 | 2 | 1.3 | $64.8 | 1.49 | 3.09 |
| Vietnam | 1 | 1 | 0 | 2 | 94.3 | $552.3 | 0.02 | 0.36 |
| Chinese Taipei | 1 | 0 | 2 | 3 | 23.4 | $1,099.0 | 0.13 | 0.27 |
| Bahamas | 1 | 0 | 1 | 2 | 0.3 | $9.2 | 6.16 | 21.82 |
| Ivory Coast | 1 | 0 | 1 | 2 | 23.3 | $78.6 | 0.09 | 2.54 |
| Independent | 1 | 0 | 1 | 2 | – | – | – | – |
| Fiji | 1 | 0 | 0 | 1 | 0.9 | $8.0 | 1.10 | 12.43 |
| Jordan | 1 | 0 | 0 | 1 | 8.1 | $82.7 | 0.12 | 1.21 |
| Kosovo | 1 | 0 | 0 | 1 | 1.9 | $17.4 | 0.53 | 5.75 |
| Puerto Rico | 1 | 0 | 0 | 1 | 3.6 | $131.9 | 0.28 | 0.76 |
| Singapore | 1 | 0 | 0 | 1 | 5.7 | $471.9 | 0.18 | 0.21 |
| Tajikistan | 1 | 0 | 0 | 1 | 8.2 | $23.3 | 0.12 | 4.29 |
| Malaysia | 0 | 4 | 1 | 5 | 30.5 | $815.6 | 0.16 | 0.61 |
| Mexico | 0 | 3 | 2 | 5 | 121.7 | $2,227.0 | 0.04 | 0.22 |
| Algeria | 0 | 2 | 0 | 2 | 39.5 | $578.7 | 0.05 | 0.35 |
| Ireland | 0 | 2 | 0 | 2 | 4.9 | $257.4 | 0.41 | 0.78 |
| Lithuania | 0 | 1 | 3 | 4 | 2.9 | $82.4 | 1.39 | 4.86 |
| Bulgaria | 0 | 1 | 2 | 3 | 7.2 | $133.9 | 0.42 | 2.24 |
| Venezuela | 0 | 1 | 2 | 3 | 29.3 | $515.7 | 0.10 | 0.58 |
| India | 0 | 1 | 1 | 2 | 1,251.7 | $7,965.0 | 0.00 | 0.03 |
| Mongolia | 0 | 1 | 1 | 2 | 3.0 | $36.1 | 0.67 | 5.54 |
| Burundi | 0 | 1 | 0 | 1 | 10.7 | $7.7 | 0.09 | 12.97 |
| Grenada | 0 | 1 | 0 | 1 | 0.1 | $1.4 | 9.03 | 71.38 |
| Niger | 0 | 1 | 0 | 1 | 18.0 | $19.1 | 0.06 | 5.25 |
| Philippines | 0 | 1 | 0 | 1 | 101.0 | $741.0 | 0.01 | 0.13 |
| Qatar | 0 | 1 | 0 | 1 | 2.2 | $319.8 | 0.46 | 0.31 |
| Norway | 0 | 0 | 4 | 4 | 5.2 | $356.2 | 0.77 | 1.12 |
| Egypt | 0 | 0 | 3 | 3 | 88.5 | $1,048.0 | 0.03 | 0.29 |
| Tunisia | 0 | 0 | 3 | 3 | 11.0 | $127.0 | 0.27 | 2.36 |
| Israel | 0 | 0 | 2 | 2 | 8.0 | $281.9 | 0.25 | 0.71 |
| Austria | 0 | 0 | 1 | 1 | 8.7 | $404.3 | 0.12 | 0.25 |
| Dominican Rep. | 0 | 0 | 1 | 1 | 10.5 | $149.7 | 0.10 | 0.67 |
| Estonia | 0 | 0 | 1 | 1 | 1.3 | $37.5 | 0.79 | 2.66 |
| Finland | 0 | 0 | 1 | 1 | 5.5 | $225.0 | 0.18 | 0.44 |
| Morocco | 0 | 0 | 1 | 1 | 33.3 | $273.5 | 0.03 | 0.37 |
| Moldova | 0 | 0 | 1 | 1 | 3.5 | $17.8 | 0.28 | 5.62 |
| Nigeria | 0 | 0 | 1 | 1 | 181.6 | $1,092.0 | 0.01 | 0.09 |
| Portugal | 0 | 0 | 1 | 1 | 10.8 | $289.8 | 0.09 | 0.35 |
| Trinidad & Tobago | 0 | 0 | 1 | 1 | 1.2 | $44.3 | 0.82 | 2.26 |
| U.A.E. | 0 | 0 | 1 | 1 | 5.8 | $647.8 | 0.17 | 0.15 |