Smoking Costs $1 Trillion a Year

Geneva, Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published on Tuesday.

That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014.

“The number of tobacco-related deaths is projected to increase from about 6 million deaths annually to about 8 million annually by 2030, with more than 80% of these occurring in LMICs (low- and middle-income countries),” the study said.

Health experts say tobacco use is the single biggest preventable cause of death globally.

“It is responsible for likely over $1 trillion in health care costs and lost productivity each year,” said the study, peer-reviewed by more than 70 scientific experts.

The economic costs are expected to continue to rise, and although governments have the tools to reduce tobacco use and associated deaths, most have fallen far short of using those tools effectively, said the 688-page report.

Source: Qatar News Agency