According to the global consulting firm Deloitte, the Colosseum, one of the most well-known examples of ancient Roman architecture, is worth €77 billion (about $79 billion). The company’s report was made public on its website.

The Colosseum’s worth is determined by a number of variables, including its economic impact on the nation, the indirect benefits of using the amphitheater, and its value as a « social asset » (i.e., the Colosseum’s value to society).

According to experts, the Colosseum, the top tourist destination in Italy, adds around €1.4 billion to the nation’s GDP each year. The researchers then determined an indirect value of using the monument, which was around €400 million.

The value of the enjoyment associated with seeing or being close to the Colosseum, as stated by the corporation, « is proven by the high price of real estate in the area of this place, » according to Deloitte experts.

The Colosseum’s « social asset » value, or the value society places on the amphitheater’s survival, is the remaining €75 billion. Deloitte researchers conducted an online poll to find out how much respondents were willing to spend on the upkeep and preservation of the Colosseum in order to gather this data.

source: forbes.com