The 2021 State Latino GDP Report builds on prior analysis by providing state-level calculations of the total economic contribution of Latinos living in the United States. Arizona, California, Florida, Illinois, New Jersey, New Mexico, New York, and Texas collectively contain nearly three-quarters of the Nation’s Latino population. This report provides detailed analysis of the state-level Latino GDPs for these 8 states, benchmarked against the broader U.S. Latino GDP.
The 2020 LDC U.S. Latino GDP Report provides a factual view of the large and rapidly growing economic contribution of Latinos living in the United States. In that report, we estimate the U.S. Latino GDP based on a detailed, bottom-up construction which leverages publicly available data from major U.S. agencies. At the time of its release, the most recent year for which the core building block was available is 2018. Thus, the report provides a snapshot of the total economic contribution of U.S. Latinos in that year.
As a summary statistic for the economic performance of U.S. Latinos, the 2018 Latino GDP is breathtaking. The total economic output (or GDP) of Latinos in the United States was $2.6 trillion in 2018. If Latinos living in the United States were an independent country, the U.S. Latino GDP would be the eighth largest GDP in the world. The U.S. Latino GDP is larger even than the GDPs of Italy, Brazil or South Korea.
