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CEOWORLD magazine - Latest - Education and Career - Obesity Costs The Global Economy As Much As Combined Expenses Of Armed Violence, War And Terrorism: $2.1 trillion

Education and Career

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.

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CEOWORLD magazine - Latest - Education and Career - Obesity Costs The Global Economy As Much As Combined Expenses Of Armed Violence, War And Terrorism: $2.1 trillion
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.