Cancer will cost the global economy more than $25 trillion by 2050, researchers estimate, equivalent to an annual tax of 0.55% on global GDP.
, a vast financial burden adding to an immense human toll that underscores the value of investing in efforts to curb the disease.Key Facts
The economic models, based on data from 29 cancers in 204 countries and territories that cover more than 99% of the world’s population, assessed various costs associated with cancer-related deaths and illnesses including treatment expenses, labor and productivity losses, unemployment and reduced capital investment.
On a per capita basis, Monaco , Ireland and Bermuda pay the most, the researchers estimated, with Bulgaria , Monaco and Montenegro faring the worst when costs are considered as a share of GDP.
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