The study shows that the economic contribution of Latinos In USA accounted for 20.9% of the country's gross domestic product (GDP) between 2011 and 2021. According to LDC estimates, the country's GDP is Latino community in the United States exceeds that of countries such as France, the United Kingdom and India. In California alone it is Latin American economy It would rank 21st in the world, even surpassing Switzerland.
This indicator is related to the progressive increase in income within the Latin American community, They are experiencing sustained annual growth of 4.7%, in stark contrast to the modest 1.9% average reported in other ethnic groups latino Donor Collaborative (LDC).
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How much has the Latino population increased in the United States?
The upward trend in the population of of Latin origin, which recorded an increase of 12.1 million people within 11 years and accounts for 52% of the total population growth UNITED STATES, As the report highlights, this contributes to the rate of Latino labor force participation in rural areas it is significantly higher. According to the data collected, it is 5.4% higher than among those who do not belong to this community.
This figure indicates a significant improvement in the employment situation following the employment crisis triggered by the COVID-19 pandemic, which had a significant impact on the employment situation Latin community. In April 2020, the unemployment rate among Hispanics rose to 18.1%, in contrast to the pre-pandemic level, which was around 4%, according to Hispanic data United States Bureau of Labor Statistics.
The growth of the Latino population is mainly explained by the fact that the majority of Latinos are under 25 years old, while other ethnic groups have an average age between 60 and 64 years. Photo: peru.com
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Is there progress in the education of the Latino community in the United States?
The study also sheds light on the educational progress of the Latino community in the United States: The number of Latinos having at least a bachelor's degree or higher level of education increased at an annual rate of 6.8%, compared to 2.8% observed in other ethnic groups.
Despite obvious progress, significant challenges remain. The Latin workers They continue to be disproportionately represented in low-wage jobs, underrepresented in high-wage positions, and generally receive lower wages than non-Latino white workers in similar jobs.
Most Latinos are in California. Photo: Infobae
Which part of the United States has the most Latinos?
In 2019, New Mexico and California were the states with the highest proportion Latino population in the United States. The population of Hispanic origin in the country exceeds 60.4 million inhabitants.
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