US Latino population accounts for fifth largest economy in the world

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US Latino population accounts for fifth largest economy in the world
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A recently released report shows the significant contribution Latinos make as consumers, producers and business leaders.

SAN DIEGO — The United States Latino community is vital to our nation's economy, according to theThe recently released report shows the significant contribution Latinos make as consumers, producers and business leaders.

"We want to show the world the contributions that Latinos bring to our economy," Latino Donor Collaborative CEO Ana Valdez said From 2010 to 2021, the Latino population saw a surge of 12.1 million individuals, one million more than the non-Latino population. The largest demographic is under the age of 25. Many immigrants from Spanish-speaking countries who set out for a better life, have done so.

The report measures productivity, purchasing power and income growth state by state and nationally. California, Texas, New York and Florida have the largest Latino populations -- but South and North Dakota, Tennessee, Alabama and New Hampshire all see about a 10% jump year after year.

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