Economy, explained.

Blurred shot to imitate motion showing Kylian Mbappe of France in action during a friendly against Northern Ireland on 8 June (Franck Fife/AFP via Getty Images)

Kylian Mbappe of France, one of the favourites for the 2026 FIFA World Cup, in action during a friendly against Northern Ireland on 8 June (Franck Fife/AFP via Getty Images)

The Greatest Show on Earth spills over to the Asia-Pacific

The FIFA World Cup 2026 is projected to generate significant economic benefits beyond North America which regional policymakers should capitalise on.

Nischal Dhungel

10 June 20264 min read

The FIFA World Cup 2026 (Opens in new window) will be a tournament of unprecedented scale, featuring a new format that expands the traditional 32-team field to a historic 48 nations and packs 104 matches into just 39 days across Canada, Mexico, and the United States. While the matches will play out in North American stadiums, a completely different macroeconomic reality will emerge for the Asia-Pacific. The real strategic value of the tournament for non-host economies from Canberra to New Delhi lies in its massive, borderless economic spillovers, functioning as a powerful external demand shock across the Pacific.

Traditional sports analytics focuses almost exclusively on localised host-city gains. However, a GoalEconomy (Opens in new window) study conducted by OpenEconomics for FIFA and the World Trade Organization upends this narrow view by tracking global value chains, projecting that the tournament will generate US$80.1 billion in global output, with 62% (US$49.6 billion) accruing outside the United States. In GDP terms – a narrower measure than gross output – external economies outside the three host countries are projected to receive US$23.77 billion – including US$2.63 billion in wholesale and retail trade driven by expanded international logistics and manufacturing.

Cross-border employment impacts are equally substantial, generating nearly 640,000 jobs outside the US – including in Canada and Mexico – led by labour-intensive sectors in developing markets. These include over 72,000 jobs in apparel, 44,000 in agriculture, and 40,000 in construction, providing a vital US$10.5 billion outsourced employment cushion for emerging Asian markets.

These grand projections must be viewed with healthy scepticism. Independent sports economists have long established that ex-ante booster studies routinely exaggerate net benefits. Landmark empirical assessments of past World Cups (Opens in new window) reveal that host cities and international trading partners rarely see sustainable growth due to rigid price assumptions and “tourism displacement” – where regular travellers actively avoid inflationary event windows. Furthermore, because the underlying report aggregates non-US data into a single “Rest of the World” category, precise, isolated figures for the Pacific remain elusive.

Looking back, the 2022 World Cup in Qatar boosted the Gulf nation’s soft power (Opens in new window) and infrastructure, but at a devastating human cost. While sending countries like Nepal, India, and Bangladesh rely on the resulting foreign remittances to shore up national reserves, this financial inflow highlights a stark reality (Opens in new window): widespread exploitation, severe health issues from extreme heat, and tragic worker deaths remain a critical reminder of how host-country gains mask externalised human vulnerabilities.

Employees making national flags at a factory in Jinhua, China, in December 2025 in anticipation of orders for the 2026 World FIFA Cup (Zhang Jiancheng/VCG via Getty Images)

Even if trade flows favour Asia’s manufacturing sectors, regional fans wanting to experience the action live face steep hurdles. Tourism represents over half of direct event spending, driving historically high World Cup ticket prices. When hyper-inflated accommodation rates and premium trans-Pacific flights are factored in, the cost of a single match (Opens in new window) climbs into the thousands of dollars, adding another layer of friction.

While visitors from Visa Waiver Program countries, including Australia, benefit from a comparatively streamlined entry process, fans from emerging Asian nations face lengthy consular backlogs. Historically, these administrative and immigration restrictions (Opens in new window) have limited live attendance from developing nations to a tiny fraction of the crowd.

Long-term social returns also diverge cleanly by development level. In advanced economies like Australia, public health research (Opens in new window) demonstrates that mega-events can boost active sports participation and running, yielding healthcare savings from reduced disease burdens – provided sports clubs adapt to growing demands for schedule flexibility. Conversely, for developing Asian nations, the returns remain primarily commercial.

While the World Economic Forum notes that sports tourism (Opens in new window) is a core driver of a global sports economy that could be worth US$8.8 trillion by 2050, these benefits depend heavily on destination competitiveness. In resource-constrained or developing-country settings, systematic evidence (Opens in new window) on managing sports tourism competitiveness remains heavily under-theorised. Without targeted local strategies, this multi-year tourism legacy risks fading quickly, easily offset by localised inflation, shifting global trust, and the unmonetised carbon emissions of international travel.

Without targeted local strategies, this multi-year tourism legacy risks fading quickly.

Ultimately, these findings challenge the conventional wisdom that the rewards of global sporting spectacles are captured entirely by geographic hosts. Economists have argued that the real macroeconomic dividend of a mega-event lies in its ability to signal economic openness (Opens in new window) and trade liberalisation, boosting permanent exports.

The 2026 tournament highlights a new equilibrium where this trade-signalling effect expands into a tangible, cross-border supply-chain windfall. For developed nations like Australia, it offers a mechanism for optimising public health. For developing Asian nations, it provides a vital industrial buffer that supports hundreds of thousands of manufacturing jobs.

Real-world variables such as geopolitics, inflation, and regional displacement will ultimately dictate the true financial outcomes. For the Asia-Pacific, the 2026 World Cup represents a genuine economic opportunity, but capitalising on it requires balancing promotional optimism with rigorous macroeconomic scrutiny. Regional policymakers should look to channel this temporary supply-chain windfall into permanent technical training programs in logistics and manufacturing, while actively advocating for visa facilitation for ticket holders from emerging markets.