Obesity Costs The Global Economy As Much As Combined Expenses Of Armed Violence, War And Terrorism: $2.1 trillion

A new research by global consultancy firm McKinsey and Company revealed that the annual cost of obesity now tops $2 trillion per year, or 2.8% of global economic output  – comparable with combined expenses of armed violence, war and terrorism and greater than both alcoholism and climate change.

That compares with an estimate of $2.1 trillion for “Armed violence, war, and terrorism,” and for smoking, and is way ahead of alcoholism ($1.4 trillion), illiteracy ($1.3 trillion) and even climate change ($1.0 trillion).

According to the report, about 30% of global population is overweight or obese and it accounts for 15 percent of total health care costs in developing countries.

It has been predicted that if the current trends continued, half of the population of the world will be obese by 2030.  Obesity responsible for around 5% of all global deaths.

Fitness-women

Top 14 global social burdens generated by human beings:

Smoking

1. Smoking
Roughly $2.1 trillion per year, or 2.9 percent of global GDP.

2. Armed violence, war, and terrorism
Roughly $2.1 trillion per year, or 2.9 percent of global GDP.

3. Obesity
Roughly $2.0 trillion per year, or 2.8 percent of global GDP.

4. Alcoholism
Roughly $1.4 trillion per year, or 2.0 percent of global GDP.

5. Illiteracy
Roughly $1.3 trillion per year, or 1.7 percent of global GDP.

6. Climate change
Roughly $1 trillion per year, or 1.3 percent of global GDP.

7. Outdoor air pollution
Roughly $0.9 trillion per year, or 1 percent of global GDP.

8. Drug use
Roughly $0.7 trillion per year, or 2.9 percent of global GDP.

9. Road accidents
Roughly $0.7 trillion per year, or 1 percent of global GDP.

10. Workplace risks
Roughly $0.4 trillion per year, or 0.6 percent of global GDP.

11. Household air pollution
Roughly $0.4 trillion per year, or 0.5 percent of global GDP.

12. Child and maternal undernutrition
Roughly $0.3 trillion per year, or 0.5 percent of global GDP.

13. Unsafe sex
Roughly $0.3 trillion per year, or 0.4 percent of global GDP.

14. Poor water and sanitation
Roughly $0.1 trillion per year, or 0.1 percent of global GDP.

Note: Estimated annual global direct economic impact and investment to mitigate selected global burdens, 2012.

Global obesity rates are reaching a crisis point. Populations can either lose weight or lose GDP. The health risks and lost productivity of obesity are a global economic concern worth $2 trillion. Humanity need to get healthy if it wants to remain wealthy,  according to the McKinsey Global Institute (MGI) report.
Dr. Amarendra Bhushan Dhiraj

Dr. Amarendra Bhushan DhirajVerified account

CEO and editorial director at CEOWORLD Magazine
Dr. Amarendra Bhushan Dhiraj is the CEO and editorial director at CEOWORLD magazine, the leading global business magazine written strictly for CEOs, CFOs, top managers, company directors, investors, senior executives, business leaders, high net worth individuals, and the most globally powerful men and women.
Dr. Amarendra Bhushan Dhiraj

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