F1 | GDP vs average ticket price: Baku “most expensive” race on 2023 Formula 1 calendar. We look into which F1 races have the most expensive tickets, taking into account GDP data.

There will be twenty-four events on the Formula 1 calendar in 2024. Millions of people ready to invade various circuits around the world in a season that is hoped to be more balanced than the just-concluded one. For this reason, we looked into which Formula 1 races have the most expensive tickets, taking into account the GDP (Gross domestic product) of various nations. GDP is most often used by the government of a single country to measure its economic health.

A few weeks ago, we had talked about the ranking related to the average cost of a ticket valid for the entire weekend. In that case, the podium for the most “exclusive” events consisted of Las Vegas, Miami, and Mexico. The cheapest race in 2023 was, on the other hand, the one at the Hungaroring, with an average price of 184 euros.

Considering the GDP per capita of various states, the situation changes. The most expensive weekend turns out to be the one of the Baku Grand Prix. Brazil and Mexico complete the podium, due to their very low GDP per capita.

As for the Italian events, Imola ranks sixth in this particular ranking, while Monza is in thirteenth place.

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Observing the chart, it can be noted that the most affordable weekends are those in Australia and Canada, followed by Austria.

Note: The ranking was obtained by dividing the average ticket prices by the GDP per capita of various states. The gross domestic product data was taken from values available on Wikipedia.

Source: f1ingenerale