Channel 4 has a series of interesting Olympics medal tables including one based on population (no. medals per head of population) and one weighted on human rights (no. medals divided by score from the US based Freedom House Organisation.
The medal table based on population reflects achievements better, I believe. As of 15th August, the standings:
1. Australia
2. Mongolia
3. Georgia
4. Armenia
5. Slovenia
6. Azerbaijan
7. Cuba
8. Slovakia
9. Hungary
10. Switzerland
At least Georgia has something to be happy about.
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