💡 🇺🇸 With nearly $4 trillion in economic output, US Latinos trail only Japan, Germany, China, and the US overall… here's more ↓

Last April, Brazil reentered the coveted top-ten list of the world's largest economies, some years after having fallen out due to economic crisis and stagnation. Today Brazil remains Latin America's largest economy by gross domestic product (GDP), but it trails a related demographic group — the Latin American diaspora living in the United States.

With nearly $4T in economic output, US Latinos fall behind only Japan, Germany, China, and (of course) the United States overall. Otherwise, they outperform every other country despite numbering just 65M people in total.

Impressive, no? Especially given lower-ranked countries – Brazil, yes, but also India, Indonesia, and Russia – number in the hundreds of millions and sometimes even billions of people.\

Over six out of ten Hispanics in the US come from Mexico, while Colombians, Cubans, Dominicans, and Central Americans are also well represented. They are concentrated especially in the southwestern border states, Florida, and New York, and in some states – such as California and Texas – now make up a majority of the state population.

Lower taxes, sunnier weather, and growing business opportunities are prompting many Latinos to relocate from traditional hotspots like California or New York to Texas or non-traditional destinations like the Carolinas. But what drives this group's economic success?

[story continues… 💌]

Source: The 2024 Official LDC U.S. Latino GDP Report

Tools: Figma, Rawgraphs

Posted by latinometrics

11 comments

  2. 20% of the Countries population amounts to 14% of the countries GDP, what story is the data trying to tell?

  3. Just in time for themselves to vote to be shipped off to El Salvador.

  4. What is a ‘Latino gdp’ Lol.

    This is the weirdest way of splitting gdp and figures I’ve ever seen. “Latinos” are not operating in a confined bubble within the US economy that can be extracted and measured independently…

    USA is so weirdly obsessed with races.

  5. Narrow plurality of Texas and California. Definitely not majority

  6. Weird how mexico isn’t an economic powerhouse, considering it consists almost entirely of these people.

  7. It’s hard enough to have an accurate geographic calculation of GDP and having one based on social structures is near impossible as these social structures don’t live in isolation

  8. Write your own description instead of having ChatGPT do it for you

  9. Why is everything about race in the usa? how is this working out for you guys over there?

    Should you not be all Americans first?

  10. bro i saw this on the balanced news too when that $4T stat dropped
    latinos in the us literally have an economy bigger than most countries… wild

  11. Helloo,

    The graph looks good, the color scheme and the design are nice !

    But if I may, and hope you’re not gonna take it the wrong way, I feel like it’s misleading more then anything else, it’s nearly what I would call “Parasiting news”, for two reasons :

    1 – GDP is territorial, not demographic, it seems you’re assuming equal contribution per person, but economic output varies widely, so equating population share with GDP share is misleading.

    2 – GDP doesn’t account for cost of living, population size, or income distribution, so using it to compare countries directly often gives a distorted picture of economic well-being.

    Data is indeed beautifull, and it’s also a powerfull tool, so please use it wisely !

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