Smoking not only sucks the life out of millions of people worldwide, it’s also sucking the life out of the global economy.
Authors of the latest edition of the “Tobacco Atlas” report that smoking costs the world 1 to 2 % of its gross domestic product each year and is likely to kill a billion people this century.
This is ten times more than the number of people who were killed by tobacco in the 20th century.
The economic losses of smoking include the cost of smoking related health care and the value of lost productivity.
There are now about a billion tobacco users around the world with 600,000 non-smokers dying each year from exposure to second hand smoke, 75 % of them women and children.
China still leads the world in cigarette consumption and saw costs due to smoking more than quadruple to $28.9 billion between 2000 and 2008.
In New Zealand the annual cost of smoking related health care is put at $250 million a year with 5000 people a year dying prematurely from tobacco use.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Suburban intensification and sprawl outside city boundary - Unitary Plan
- TradeGecko 'doing millions in revenue' as ex-Kiwi startup builds customers from Singapore
- Punakaiki Fund invests in Taranaki software company
- Unexpected bedfellows emerge in early Unitary Plan reactions
- MARKET CLOSE: Stocks drop, A2 Milk falls ahead of legal challenge, Fletcher Building gains
Most listened to
- The Unitary Plan will change the face of Auckland. NBR reporter Sally Lindsay looks at the changes
- Rabobank's newly appointed CEO Daryl Johnson answers seven key questions on this agriculture industry
- In Editor's Insight, Nevil Gibson examines new revelations about downing of Flight MH370
- InternetNZ boss's two problems with TPP legislation
- Germany’s terror and Turkish torture on Foreign Affairs Scope with Nathan Smith