According to the most recent U.S. GDP, Latinas made contributions totaling over $1.3 trillion, which had a significant effect on the country’s economy.
Latinas’ economic contributions to the United States economy received strong attention in 2024, casting light on how significantly Latinas play a role in the country’s economy. According to a new report termed the first US Latina GDP Report, Latinas contributed approximately $1.3 trillion to the U.S. Gross Domestic Product (GDP). 2021. This number is impressive by itself, but also a harbinger of the economic huge power Latinas represent, rivaling the economic activity output than many states; even Florida.
The California Lutheran University/UCLA researchers funded by a Bank of America report point to a decade of growth wherein their Latina contributions have grown by more than 50% since 2010, much more sharply increasing than their counterparts, the non-Hispanics whose GDP grew 2.7 times over the same time period as Latina contributions.
These factors combine to support strong growth, such as greater labor force participation and higher educational attainment among Latinas. Between 2010 and 2021, the number of Latinas with a bachelor’s degree or higher rose 103%, compared with 38.3% among non-Hispanic females. Meanwhile, in real terms, the incomes of U.S. Latinas rose 41.2% during the period.
The report findings echo across different media outlets by citing the “dynamic to be increasingly important over the next three decades,” which further demonstrates that the economic impact of Latinas is bound only to grow. This is even more richly framed by commentary from financial experts and stakeholders now recognizing that Latinas are core drivers of economic vitality, those needed to sustain the continued expansion and functionality of the U.S. economy.
