Latinos Mean Business

December 15, 2018  • Institute Staff

After working on Latino economic advancement by producing events, reports, and other programming for more than a year, the Institute’s Latinos and Society Program knows that Latinos are essential to the US economy. Despite this progress, major disparities in the economic mobility between Latinos and non-Latinos persist.

Sales that Latino firms generate, versus what they would generate if on par with the average non-Latino-owned business, create a $1.38 trillion opportunity gap for the US economy. Latino GDP in the United States is $2.13 trillion—if that were a nation’s economy, it
would be the seventh-largest in the world.
Latinos start businesses at three times the rate of  the rest of the US population. One out of every two new workers entering the labor force by 2025 will be Latino.