Issued by the Latino Donor Collaborative - SEP. 2023
The U.S. Latino community is a vital force in our nation's economy, making significant contributions as consumers, producers, and business leaders.
The 2023 Official LDC U.S. Latino GDP Report, now in its sixth edition, has evolved to provide a comprehensive view of the economic impact of this dynamic group. This year's report, made possible through a partnership with Arizona State University, expands its analysis to delve deeper into Latino economics within states, identify emerging Latino markets, and equip businesses with insights into customer value.
The report emphasizes that the contribution of U.S. Latinos to our GDP is determined by factors such as their population share, high labor force participation, and productivity. Progress in educational attainment plays a pivotal role in their economic development, a point highlighted in this year's report. Furthermore, the 2023 U.S. Latino GDP report provides a state-level breakdown, revealing significant Latino economies in California, Texas, and Florida.
