Latino economy growing faster than the rest of nation's, report says
September 13, 2023
The economic impact of Latinos in the United States has been growing at more than double the rate of the overall U.S. economy, according to the latest Latino GDP report, released Wednesday by a team of researchers from California Lutheran University and UCLA.
Economists from CLU’s Center for Economic Research and Forecasting have worked with researchers from UCLA on the report since 2019. Their work measures the economic contributions of Latinos in the U.S., an impact that totaled $3.2 trillion in 2021, the last year for which data is available.
It’s the first time in the report’s history the figure has climbed above $3 trillion. If Latinos in the U.S. were a nation, its economy would be the fifth largest in the world, bigger than that of the United Kingdom, India or France.
