U.S. LATINO GDP IS FASTEST GROWING ECONOMY IN THE WORLD

Key Points:

  • The 2020 LDC U.S. Latino GDP Report was recently released and the data shows the rapidly growing economic contribution of Latinos living in the U.S..
  • If U.S. Latinos were an independent country, they would hold the 8th largest GDP in the world.
  • The total GDP of U.S. Latinos was $2.6 trillion in 2018, up from $2.3 trillion in 2017.
  • This $.3 Trillion year-over-year change was the fastest growing among the world’s top 10 countries by GDP.
  • U.S. Latino GDP is growing 30% faster than China, and 21% faster than India.
  • This dramatic increase is driven by large gains in personal income due to rapid gains in education and strong labor force participation.
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