U.S. Latino Economy Hits $3.2 Trillion in 2021, Ranks 5th Globally If Independent
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U.S. Latino economic output reached $3.2 trillion in 2021, up from $2.8 trillion in 2020, according to a new report.
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The Latino economy has grown 2.5 times faster than the non-Latino economy over the past decade.
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If U.S. Latinos were an independent country, their GDP would rank 5th largest in the world.
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California, Texas, and Florida drove major Latino economic growth due to strong population share and productivity.
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Despite rapid growth, a substantial wage gap persists with Latino workers earning 80 cents for every $1 earned by white non-Hispanic workers.
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