Latino strength continues to drive the U.S. economy

there Economy who are they Latinos On we It continues to rise, indicating its superiority in the nation. It achieved rates so high that if this society were an independent country, its GDP would be higher than the United Kingdom, India and France.

He revealed a recent report he submitted Latino Donor Collaborative (LDC)a non-profit organization dedicated to changing the perception of… Latinos On we Through data and research; In collaboration with Wells Fargo.

The study highlights that there is Latin economics there American Federation It reached $3.2 billion dollar in 2021, compared to the US$2.8 billion recorded in 2020, covering housing, food, construction, administrative support, waste management and transportation services, the sectors in which it has the greatest strength.

Of course, over the past decade, there has been Latin economics The country has grown several times and on average faster than its equivalent in LatinAnd ratify its enormous contribution to the indicators economic Citizens.

Saul Trujillo, president of the Latino Donors Collaborative, highlighted: “Latinos are enemies of UNA Economy Huge and right now it’s a little upside down and a little vulnerable,” during an interview with “Squawk Box” for CNBCavoiding the need to fully exploit this potential economic.

Although there is growth Latino community It has been widely distributed throughout weHighlighting the most prominent influences in the states: California 682,000 million dollars, Texas 682,000 million dollars y Florida $465,000 million.

This is largely due to a large proportion of the population LatinIts distinguished role in the workforce and its productivity in these fields States. “According to the graphs we have now in our study, the growth of 48 out of 50 states is associated with this group Latin“, Trujillo noted.

Then, according to the analysis of least developed countries, if the indicators Latin economics Alone in CaliforniaThis would rank as the 21st largest city in the world, located between Poland and Switzerland.

In emerging markets LatinosSouth Dakota, North Dakota, and New Hampshire saw notable growth, with the highest GDP growth rates since 2011. In South Dakota, the impact was economic who are they Latinos It grew at an annual rate of 11.8% in 2021, slightly exceeding the previous figure.

The study also reveals that their salary income LatinosWhich amounted to 1.67 billion US dollars dollar In 2021, they will see greater growth than those living in Latinos During the past decade, at an annual rate of 4.7% compared to 1.9%, respectively.

Despite this growth, there remains a large wage gap among workers Latinos Who earn an average of 80 cents each dollar It was won by non-Hispanic white employees.

Another important indicator is purchasing power, which has remained strong, reaching US$3.4 billion in 2021 and growing 2.1 to 2.4 times faster than its global counterparts. Latinos.

“Over the rest of this period, this group will continue to grow more and more,” Saul Trujillo predicts, and urges those interested to consider the investment and fund growth opportunities that accompany this trend. economic indicates.

These ideas were presented during the L’Attitude conference, which analyzes the state of leadership, engagement and representation Latin In companies AmericanAs well as in the public, media and entertainment sectors.

The report is based on data from 2021, the most recent year for which information is publicly available, as well as other sources such as the Oficina del Censo and the Oficina de Análisis. economic and the Bureau of Labor Statistics, among others.