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 percent of these occurring in LMICs (low- and middle-income countries)," the study said.
Around 80 percent of smokers live in such countries, and although smoking prevalence was falling among the global population, the total number of smokers worldwide is rising, it 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.Read More...
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