Here is a web site that ranks countries by how many Rio medals they won per capita:
Congratulations to the top three: Grenada, Bahamas, and Jamaica. Grenada and Jamaica also were the top two in weighted medals by GDP. National wealth does not buy you medals.
Per capita, the U.S. ranked 43 out of 86 thereby winning the gold medal of mediocrity. Russia was 42nd. The three least competitive countries per capita were India, Nigeria, and the Philippines.
Interestingly, five of the six countries whose currencies I recommend were in the top 25: New Zealand 4th, Denmark 5th, Australia 14th, Sweden 16th, Switzerland 24th. The 6th—Canada—was 31st. I picked them based on fiscal and monetary policy, integrity, and freedom.
Also interesting, the rest of the top ten are Eastern European countries: Croatia, Slovenia, Georgia, Azerbaijan, Hungary.