I came across this graph via the New Zealand Initiative newsletter. It wasn't the subject of their article but appeared at the same linked page.
On the other hand NZ taxpayer funding will have undoubtedly risen along with the medal tally over the same period. Perhaps we can only safely conclude that taxpayer funding does not guarantee medals.
Saturday, September 01, 2012
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Valerie Adams' shotput medal aside New Zealand's medal tally comes almost entirely from rich men's sports in competition with a small number of other well endowed Nations who can afford to participate in these events
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