The 2022 LDC U.S. Latino GDP Report is the fifth installment in a groundbreaking series by the Latino Donor Collaborative presented at L’ATTITUDE, offering an unparalleled analysis of the economic contributions of the U.S. Latino community. This report comes at a critical time, reflecting on the resilience of U.S. Latinos during the COVID-19 pandemic. Despite the widespread economic challenges of 2020, U.S. Latinos not only maintained but expanded their role as a driving force in the U.S. economy, underscoring their status as a foundational element of the New Mainstream Economy.
With a GDP of $2.8 trillion, the U.S. Latino economy would rank as the fifth largest in the world if it were a standalone nation. This report highlights key factors behind this economic strength, including a significant increase in educational attainment and a robust presence in the labor force. U.S. Latinos accounted for nearly 80% of the net new additions to the U.S. labor force over the past decade, demonstrating their critical role in sustaining and enhancing the country’s economic vitality. Additionally, U.S. Latinos have shown extraordinary entrepreneurial spirit, accounting for 52% of all net new employer businesses during this period, further solidifying their impact on the broader economy.
The 2022 report goes beyond national data to provide detailed insights into state-level contributions, offering valuable information for policymakers, business leaders, and investors. By expanding the analysis to include the GDP contributions of U.S. Latinos across all 50 states, the report provides a comprehensive picture of the Latino community’s economic influence across the country. For instance, states like California, Texas, and Florida show particularly strong Latino economic activity, underscoring the community’s essential role in these regional economies.
For those looking to understand the full scope of the U.S. Latino economic impact, this report is an indispensable resource. The full report and infographic are available for download on the Latino Donor Collaborative website. Additionally, to gain further insights into the economic power of U.S. Latinos, you can explore more recent reports such as the 2023 LDC U.S. Latino GDP Report and the 2023 LDC U.S. Latinos in Media Report.
