According to the HPSNZ's Games media pack, the taxpayer has invested $175 million across the Olympic cycle to ensure elite sporting success is seen to "lead to both international prestige for the nation, inspiring the nation, and importantly, to an increase in participation among the masses."
New Zealand's previous best medal returns were 13 at Seoul in 1988 (three gold, two silver, eight bronze) and London in 2012 (six gold, two silver, five bronze).
The most gold medals collected was eight - all sitting down - at Los Angeles in 1984.
Some Kiwi athletes might be offended we don't rate them highly enough, or perhaps the expectations are too demanding, but evidence suggests many will succeed in some capacity.
Perhaps the most notable observation - and an insight into the state of gender equality in New Zealand sport - is that 18.25 of the 32 candidates are women (Jonelle Price is part of a four-person eventing team).
Rio could be just the second summer Games when medals earned by females outweigh those of males. In 1952, Yvette Williams won long jump gold, while Jean Stewart (100m backstroke) and John Holland (400m hurdles) earned bronze.
In the past three summer Games, women have secured as many or more golds than the men, but failed to win more gongs overall.
Athletics
Women's shot put: Valerie Adams
Cycling
Men's team sprint: Ethan Mitchell, Sam Webster, Eddie Dawkins
Women's road time trial: Linda Villumsen
Canoeing
Women's K1 200m: Lisa Carrington
Women's K1 500m: Lisa Carrington
Golf
Women: Lydia Ko
Rowing
Women's double sculls: Zoe Stevenson and Eve Macfarlane
Men's coxless pair: Eric Murray and Hamish Bond
Sailing
Men's 49er: Blair Tuke and Peter Burling
Rowing
Men's single sculls: Mahe Drysdale
Women's single sculls: Emma Twigg
Men's lightweight coxless four
Rugby sevens
Women
Swimming
Women's 800m: Lauren Boyle
Athletics
Men's shot put: Tom Walsh
Cycling
Men's team pursuit: Piet Bulling, Regan Gough, Dylan Kennett, Aaron Gate, Hayden Roulston
Hockey
Women
Rugby sevens
Men
Sailing
Women's 470: Polly Powrie and Jo Aleh
Rowing
Women's lightweight double sculls: Sophie Mackenzie and Julia Edward
Women's coxless pair: Rebecca Scown and Genevieve Behrent
Women's eight
Athletics
Men's 1500m: Nick Willis
Women's pole vault: Eliza McCartney
Cycling
Men's keirin: Eddie Dawkins
Women's team pursuit: Rushlee Buchanan, Jaime Nielsen, Racquel Sheath, Lauren Ellis, Georgia Williams
Equestrian
Individual and/or team eventing: Sir Mark Todd, Jonelle Price, Jock Paget, Clarke Johnstone
Rowing
Men's double sculls: Robbie Manson and Chris Harris
Men's eight
Sailing
Women's 49er FX: Molly Meech and Alex Maloney
Triathlon
Women: Andrea Hewitt