BERN: Lausanne based sports education body stated that around 45 international sporting associations that have their headquarters in Switzerland, such as FIFA and the IOC, contribute CHF1.07 billion ($1.11 billion) to the Swiss economy annually, according to a Lausanne-based sports education body.
Just under half of the economic effect of hosting global sporting bodies (CHF550 million) is focused on canton Vaud that hosts a large number of such bodies. The city of Lausanne, home to the International Olympic Committee (IOC), benefits to the tune of CHF250 million.
The survey was carried out by the International Academy of Sports Science and Technology (IASTS), a non-profit educational facility that was set up by the IOC in 2000.
The same body conducted a more limited study of the economic impact of the IOC and 22 other organisations on the Lake Geneva region in 2007. The report found that the area netted some CHF200 million each year from the presence of such sporting bodies, half of it generated by the IOC.
