US Latino GDP Hits $4 Trillion, On Track To Surpass Japan And Germany
The US Latino GDP has soared to $4 trillion, making it the second-fastest growing among the world’s ten largest, according to the newly released 2025 Official LDC US Latino GDP Report.
The report, now in its eighth edition, was published by the Latino Donor Collaborative (LDC), a think tank dedicated to highlighting economic growth opportunities.
“The data confirms what we’ve seen building for years,” Sol Trujillo, Co-Founder and Chairman of the Latino Donor Collaborative, said in a press release. “Latinos in the US are not just participating in the economy; they are propelling it. At $4 trillion, this economy is larger than that of entire nations, and it’s growing faster than almost all of them. The strategic implications for leaders across our economy are clear.”
The Power of the US Latino GDP
The US Latino GDP is valued at $4 trillion with an annual average real growth rate of 4.4%, making it the second-fastest growing among the world’s ten largest economies. It trails only China and on par with India, and outpacing countries like France, Canada, and the rest of the US. It is also the world’s fifth-largest economy.
Although Latinos only make up 19.5% of the US population, they were responsible for 28.3% of all GDP growth from 2017 to 2022. If trends continue, the US Latino GDP could rank fourth in the world by 2029, surpassing both Japan and Germany. US Latino purchasing power is currently measured at $4.1 trillion.
Industry Drivers
Manufacturing led the way in 2023, contributing $547 billion to the Latino GDP with 15.5% year-over-year growth, outpacing the national rate. Other major contributors included real estate and rental/leasing, public administration, and healthcare and social assistance.
The report also found that, as of 2022, US Latinos owned 5.7 million businesses, employing 3.8 million people and generating $945 billion in revenue.
“This report reinforces the economic power of the US Latino cohort with clarity and precision,” the CEO and President of the Latino Donor Collaborative said. “From labor force expansion to entrepreneurship to education, Latinos in the U.S. are consistently outperforming national averages. These numbers are impossible to ignore.”
Image: Nathan Dumlao
