For example, the “2024 Official Latino Donor Collaborative U.S. Latino GDP Report” states that the U.S. Latino economy is valued at $3.6 trillion, making it the fifth-largest economy in the world. This represents a 14 percent increase from the previous year, and the Latino economy is growing 2.5 times faster than the non-Latino economy. Similarly, the Black, Asian American, Pacific Islander, and LGBTQ+ communities contribute trillions of dollars in consumer spending each year.


