Latinas Are Powering U.S. Economic Growth, Outpacing Non-Hispanic Growth

U.S. Latinas contributed $1.3 trillion to the U.S. GDP in 2021, representing more than a 50 percent growth in a decade, according to new report. (Credit: Getty Images)

Latinas in the United States are emerging as a powerful economic force, contributing a staggering $1.3 trillion to the nation's economy in 2021. This figure surpasses the entire economy of Florida and places Latina economic output behind only California, Texas, and New York. The 2024 Latina GDP Report, produced by the California Lutheran University, the UCLA Center for the Study of Latino Health & Culture and Bank of America, underscores the growing impact of Latinas on the broader U.S. economy.

The GDP generated by Latinas in 2021 highlights the impressive economic growth of this demographic. Over the past decade, their economic contribution has surged by 51.1%, rising from $661 billion in 2010 to $1.3 trillion in 2021. This rapid expansion outpaces the notable gains made by Hispanic males and is nearly three times faster than the growth of the Non-Hispanic GDP.