The survey, compiled by the Centre for Economic Business Research (CEBR) for sports charity StreetGames, showed that 8bn of these costs are directly related to spending on healthcare.
Furthermore, the cost of reduced quality of life and lower life expectancy is even higher, at nearly 10,000 per young person, amounting to 45.2bn across the total population of children or young people failing to meet the recommended levels of activity.
The report showed that children from lower income households are less likely to take part in formal sports, while a strong negative relationship between household income and total household spending can also be seen.
Jane Ashworth OBE, CEO of StreetGames, said: This report lays bare the economic and social cost we will pay if we don’t get our young people moving. If we fail to address these issues it is akin to sitting on a time bomb.”