The annual competition in economics organized for high school students. Intended to stimulate the activities of students interested in economics, business, and finance by the way of creative problem-solving.
The next IEO will be held in Nur-Sultan, Kazakhstan in September 2020
The Executive Board of the International Economics Olympiad (IEO EB) has received an official letter from Yernur Rysmagambetov, Deputy CEO of the AIFC Authority and an IEO EB member. In the letter, Mr. Rysmagambetov informs us that it is impossible to conduct the IEO-2020 in July as it has been planned because of the precautionary measures taken by the Kazakhstan authorities with regard to COVID-19 outbreak.

This puts the IEO-2020 on the long list of international events affected by the novel coronavirus. Important conferences, renowned marathons, and upscale festivals have been canceled or postponed all over the world.
Although the decision not to conduct the IEO in July 2020 was initiated by the AIFC and is subject to nationwide regulations, I agree that the health and well-being of the IEO contestants, team leaders, officials, and guests should be our top priority. The IEO Steering Committee in Nur-Sultan and the Secretariat in Moscow are upset by this situation but remain committed to organizing the IEO at the highest possible level, which includes minimizing any risks for participants' well-being. Under the circumstances that we have, refraining from conducting the event in July will be in the best interest of the IEO Community.

The AIFC suggests that the event be postponed until no earlier than September 1, depending on how the epidemiological situation evolves. The IEO Secretariat will continue accepting the applications, all deadlines remaining in place. The IEO EB will review the applications as if there were no dates shift. The Secretariat will work closely with the AIFC to determine the possible new dates of the IEO-2020 that will be then considered by the IEO EB. Currently, it is impossible to make predictions as to when it is going to happen. And yet, I urge all national organizers to hold their events as planned, taking the current epidemiological situation into consideration.

To keep track of the updates, check the IEO website and Facebook page. If you have any questions, please contact the IEO Secretariat at

Take care,
Danil Fedorovykh
President of the Executive Board International Economics Olympiad

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Our aims
To promote the skills of adolescents
in logical thinking and the creative application of general knowledge
in solving problems
To encourage friendly relations, international understanding among young people interested in economics, finance and business from all countries
To create an opportunity to exchange information about school programs and practices around the world
To promote awareness of the economics, finance and business
To discover, encourage, unite, challenge and give recognition to young people who are exceptionally talented in economics, finance and business
Financial literacy
Online simulation game
in creating personal financial plans
Open questions and multiple choice
questions about theory and practice
Business case
Presentation of case solutions
in English before the Jury
How to participate
Make sure that your organization can hold an appropriate selection process and support the team (including finding means to cover their travel costs)

Appoint a coordinator

Send application from your country

Wait for the decision of the Executive Board and for the invitation
Form a team that consists of no more than 5 contestants and 1 or 2 team leaders

Make sure that the contestants have been born less than 20 years before 30 June of the year of IEO

Make sure that team leaders speak decent English and are competent in the fields of the IEO
Once your organization has participated in one IEO either with a team or just by sending an observer, you are eligible to apply for a 3-year agreement
If your application is accepted by the Executive Board, wait for the notice from our Secretariat and be ready to sign the Agreement.
Check the deadline for sending in the application in the Statute
3-year Agreement
Follow the same steps as for regular application
Past IEOs
The first IEO was held in the fall of 2018 in Moscow and hosted 64 contestants from 13 different countries as well as over 40 team leaders and observers
The second IEO was held in the summer of 2019 in Saint Petersburg and hosted 132 contestants from 24 different countries as well as over 50 team leaders and observers
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