Latinos key to U.S. economic growth, study finds

*If U.S. Latinos were a country on our own, we’d be the 7th largest economy in the world. VL


By Octavio Blanco, CNN Money (5 minute read) 

In 2015, the 55 million Latinos living and working in the U.S. were responsible for $2.13 trillion — or 11.8% — of America’s $18.04 trillion gross domestic product, according to a study released Thursday by the Latino Donors Collaborative, a nonpartisan association of Latino business, political and academic leaders.

And those contributions are expected to continue to grow.

By 2020, the researchers estimate that Latinos will fuel nearly a quarter of all U.S. GDP growth, and represent 12.7% of the country’s total GDP. Helping to power that growth will be the growing number of young Latinos who will be joining the workforce as an older generation of American workers — the Baby Boomers — retire.

“We are excited to have statistical evidence that proves what Latinos living in the U.S. have always known to be true: we are a hard-working, productive, and essential part of American economic growth and American society,” said Ana Valdez, executive director of the Latino economic advocacy group.

The researchers relied on data from the Census Bureau, Department of Commerce, Bureau of Labor, World Bank, and the University of Minnesota to reach their findings.

If the U.S. Latino GDP was considered an economy of its own, it would have been the seventh-largest in the world in 2015 — just behind France and ahead of India, the researchers found. In terms of GDP growth between 2010 and 2015, U.S. Latinos came in third, behind China and India.


Latino Trends

Subscribe today!

  • This field is for validation purposes and should be left unchanged.

Must Read

Rosca de Reyes – A Slice of Gospel and Tradition #Recipe

Victor Landa January 4, 2018

Often used as evangelizing tools, celebrations in Mexico feature elements that are charged with symbolism. Take the piñata, for example, used as an allegory of sin (colorful and appealing on the […]

How ‘One Day at a Time’s Diverse Writers Room Creates Authentic Latino Narratives

Victor Landa January 26, 2018

Much like the loving Alvarez family they created, the writers of One Day at a Time work closely together, don’t always agree but love each other anyway. Their collective family experiences helped […]

Mexican-American medic who documented Nazi camp horror dies at 93

Victor Landa March 12, 2018

Riverside, California (CNN)Two dozen veterans held US flags and stood at attention as they and dozens of family and friends bid farewell to Anthony Acevedo, one of the nation’s great […]

Latinos outraged as national news outlet labels nopales as ‘hottest food trend of 2018’

Victor Landa January 8, 2018

Nopales are a tried and true treat for generations of Latino families, but it seems to the wider internet they may become the “new avocado toast.” And people aren’t happy. […]

A New TV Show Inspired by the Life of Selena Quintanilla Is Coming to ABC

Victor Landa January 19, 2018

Selena Quintanilla lives on. Just two months after the late legendary songstress received a posthumous star on the Hollywood Walk of Fame, ABC has announced its plans to commemorate the Mexican-American star’s life […]

Dashed hopes, upended lives as Trump ends protection for Salvadorans

Victor Landa January 10, 2018

WASHINGTON – Hopes were dashed Monday for tens of thousands of people from El Salvador with Temporary Protected Status who have lived more than a decade in the U.S., but […]

Expansion of AP computer science courses draws more girls and minorities

Victor Landa

Ten years ago, girls were so scarce in high school computer science classes that the number of female students taking Advanced Placement tests in that subject could be counted on […]

2018: a year for the Latino Vote

Victor Landa January 8, 2018

We have said it before: being a minority does not mean being powerlessness, especially when a large part of the outcome of an election could be transformed thanks to the mass […]