GDP of US Latinos greater than Brazil’s and Mexico’s combined
From 2010 to 2020, their GDP grew 65%, according to the Latino Donor Collaborative‘s numbers. That figure is 2.6x the amount of non-Latino GDP. If they were their own country, it would be the 5th largest economy in the world. Latinos thriving in the US are a perfect example of how any race or culture can succeed under the right conditions.
While Latinos do have fantastic work ethics and productivity, the truth is that population growth rate also explains a lot. The Latino population grew +22% in that same 10-year period and reached 62M, compared to +4% for Non-Latinos. Almost one in five Americans are now Latino or Hispanic.
Still, here are a few other metrics that do point to Latinos being a force for development in the past decade:
• Labor force: They represented 80% of additions to the labor force
• Education: 2.8x faster growth in higher education graduates than Non-Latinos
• Entrepreneurship: They accounted for 52% of all new employer businesses in the past decade. Startups like Guatemalan-founded Duolingo and Brazilian-founded Brex have passed $1B valuations.
Still, there is work to be done. Latinos occupy only 4% of executive roles and less than 2% of US elected officials. A few notable leaders:
From 2010 to 2020, their GDP grew 65%, according to the Latino Donor Collaborative‘s numbers. That figure is 2.6x the amount of non-Latino GDP. If they were their own country, it would be the 5th largest economy in the world. Latinos thriving in the US are a perfect example of how any race or culture can succeed under the right conditions.
While Latinos do have fantastic work ethics and productivity, the truth is that population growth rate also explains a lot. The Latino population grew +22% in that same 10-year period and reached 62M, compared to +4% for Non-Latinos. Almost one in five Americans are now Latino or Hispanic.
Still, here are a few other metrics that do point to Latinos being a force for development in the past decade:
• Labor force: They represented 80% of additions to the labor force
• Education: 2.8x faster growth in higher education graduates than Non-Latinos
• Entrepreneurship: They accounted for 52% of all new employer businesses in the past decade. Startups like Guatemalan-founded Duolingo and Brazilian-founded Brex have passed $1B valuations.
Still, there is work to be done. Latinos occupy only 4% of executive roles and less than 2% of US elected officials. A few notable leaders:
• Javier Rodriguez — CEO of DaVita Kidney Care
• Antonio Neri — CEO of Hewlett Packard Enterprise
• Alexandria Ocasio-Cortez — Member of US Congress