Health Desk- 10 January, 2017: Smoking costs the global economy more than $1 trillion a year and the number of tobacco-related deaths is predicted to increase from about 6 million deaths annually to about 8 million annually by 2030, with more than 80 percent of these occurring in low- and middle-income countries, according to a joint study by the World Health Organization and the US National Cancer Institute published on Tuesday.
According to the 688-page report, about 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.
That cost far outweighs global revenues from tobacco taxes, which the WHO estimated at about $269 billion in 2013-2014.
"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 report.
"Government fears that tobacco control will have an adverse economic impact are not justified by the evidence. The science is clear; the time for action is now."
According to the health experts, tobacco use is the single biggest preventable cause of death globally.