Friday, October 22, 2021
63.7 F
Fort Worth

Smoking costs the world economy $1 trillion per year, World Health Organization says

🕐 1 min read

Smoking and its side effects cost the world’s economies more than $1 trillion and kill about 6 million people each year – with deaths expected to rise by more than a third by 2030, according to a report from the World Health Organization and the National Cancer Institute.

Those losses exceed annual global revenue from tobacco taxes, estimated to be $269 billion in 2013-14, according to the report released Tuesday. Of that, less than $1 billion was invested in tobacco control.

“The economic impact of tobacco on countries, and the general public, is huge, as this new report shows,” Oleg Chestnov, WHO’s assistant director-general for noncommunicable diseases and mental health, said in a statement. “The tobacco industry produces and markets products that kill millions of people prematurely, rob households of finances that could have been used for food and education, and impose immense health care costs on families, communities and countries.”

Most of those who suffer health problems from tobacco use live in developing countries, according to the report. With 80 percent of the world’s 1.1 billion smokers living in low- and middle-income countries, tobacco’s devastating side effects place a disproportionate burden on the poor, the report said.

The report recommends that countries adopt policies to control tobacco use, including taxing and raising the price of cigarettes, to save lives.

More than 60 authors – physicians, public health experts, researchers and other scientists – contributed to the report, which was peer-reviewed by more than 70 reviewers.

Spokesmen for major U.S. tobacco companies and American tobacco lobbyists were not immediately available for comment early Tuesday morning.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate