A new report by economic think tank Latino Donor Collaborative and Wells Fargo revealed that Latinos contributed $3.6 trillion to the U.S. economy in 2020, a 13% increase compared to the previous year. This growth would rank U.S. Latinos as the fifth largest economy in the word, surpassing the annual economic output of countries such as India, the United Kingdom, France, and Canada.
The report highlights that the U.S. Latino economy is one of the fastest-growing in the world, with an average annual growth rate of 4.6% between 2017 and 2022, more than double the 1.8% growth seen in the broader U.S. economy.
