Smoking costs $1 trillion, soon to kill 8 million a year

January 9, 2017

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 . . .

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