1948 Winter Olympics medal table

The 1948 Winter Olympics, officially known as the V Olympic Winter Games, were an international multi-sport event held in St. Moritz, Switzerland, from 30 January to 8 February 1948. A total of 669 athletes representing 28 National Olympic Committees (NOCs) participated. NOCs as first-time entrants at the Winter Games included Chile, Denmark, Iceland, Lebanon, and South Korea. The games featured 22 events in 4 sports across 9 disciplines. The games were the first to be celebrated after World War II; it had been twelve years since the last Winter Games in Garmisch-Partenkirchen, Germany, from 6 to 16 February 1936. The games were the second Winter Games held in St. Moritz.

Overall, athletes representing 13 NOCs won at least one medal, and 10 NOCs won at least one gold medal. Norway and Sweden won the most gold medals with 4 and also won the most overall medals with 10, tied with host nation Switzerland. Norway and Sweden also had the same silver and bronze medal totals, meaning that they tied for first place in the medal table. Italy's team won their first Winter Olympic gold medal after Nino Bibbia won the men's skeleton event; the medal was also their first Winter Olympic medal of any color. Additionally, Belgium's team won their first Olympic gold medal, with Micheline Lannoy and Pierre Baugniet winning the pair skating event.

Alpine skiers Henri Oreiller of France and Martin Lundström of Sweden tied for the most gold medals won by an individual at the games, with two each. Oreiller also won the most overall medals, winning an additional bronze medal for a total of three medals. Norway and Sweden both achieved podium sweeps at the games, with the former in the individual ski jumping event with Petter Hugsted winning the gold, Birger Ruud winning the silver, and Thorleif Schjelderup winning the bronze, and the latter in the men's 18 kilometre cross-country skiing event with Lundström winning the gold, Nils Östensson winning the silver, and Gunnar Eriksson winning the bronze.