Latinas in the United States made a significant economic impact in 2021, contributing $1.3 trillion to the country's gross domestic product. This figure marks a substantial increase from $661 billion in 2010, with a growth rate nearly three times that of non-Latinos during the same period. A recent report funded by Bank of America and conducted by professors at California Lutheran University and UCLA highlighted the vital role Latinas play in driving economic vitality in the U.S.
The study, based on publicly available economic and demographic data from U.S. agencies, emphasized that Latinas excel in key economic measures such as workforce participation, educational attainment, and income growth. Latinas' economic contribution of $1.3 trillion is comparable to the GDP of Florida and ranks behind only California, Texas, and New York, according to the U.S. Bureau of Economic Analysis.
