U.S. Latino GDP bigger than U.K.’s and India’s

Data:LDC U.S. Latino GDP Report; Chart: Tory Lysik/Axios

The total economic output of U.S. Latinos reached $2.8 trillion in 2020, surpassing the GDPs of the U.K. and India, according to a report released Thursday.

Why it matters: The report showed U.S. Latino buying power and economic output grew during the pandemic despite the disproportional impact it had on Latino communities, Russell writes.