The U.S. Hispanic & Latinx community has a higher GDP than most countries! Can you guess where it ranks?
Answer: 5th Largest Economy in the World
- What is gross domestic product and how is it calculated?
- How do individuals impact the total gross domestic product of a community/country?
- How does a community/country with a high gross domestic product impact its neighbors and other countries globally?
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Behind the numbers (UCLA Newsroom):
“If Latinos in the U.S. were an independent country, the researchers found, their GDP would be the world’s fifth largest, outpacing even the United Kingdom, France, and India. Among the 10 largest GDPs in the world, the U.S. Latino GDP grew at the second-fastest rate across 2020 and 2021; only China’s GDP grew faster. Despite being only 19% of the U.S. population, Latinos were responsible for 39% of the growth of U.S. real GDP during 2020 and 2021.
The data highlight Latinos as an important source of resilience for the broader U.S. economy, said report co-author Dr. David Hayes-Bautista, a UCLA professor of medicine and public health and director of the Center for the Study of Latino Health and Culture. With their growing numbers — between 2010 and 2021, Latinos accounted for more than half of population growth in the U.S. — strong labor force participation and rapid gains in educational attainment, Latinos will continue to have a significant impact on the growth of the U.S. economy in the decades ahead, he said.”
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