Question of the Day [Hispanic & Latinx Heritage Month]: If the Hispanic & Latinx community in the United States were a country, how would its gross domestic product (GDP) rank in the world?
The U.S. Hispanic & Latinx community has a higher GDP than most countries! Can you guess where it ranks?
Answer: 5th Largest Economy in the World
Questions:
- What is gross domestic product and how is it calculated?
- How do individuals impact the total gross domestic product of a community/country?
- How does a community/country with a high gross domestic product impact its neighbors and other countries globally?
Behind the numbers (UCLA Newsroom):
"The total economic output, or gross domestic product, of Latinos in the U.S. reached $3.7 trillion in 2022, the researchers found, exceeding the historic $3.2 trillion mark set in 2021. The latest figure would make the U.S. Latino GDP the fifth largest GDP in the world for 2022 — greater than India, the United Kingdom and France."
"Over an even greater timespan, from 2010 to 2022, Latinos have shown that they are a major driver of economic growth in the U.S. During that period, the U.S. Latino GDP was the third-fastest-growing among the 10 largest GDPs in the world. And over that same period, the average annual growth of real U.S. Latino GDP was 4.2 percent, compared to only 1.7 percent for the broader U.S. economy. "
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Celebrate Hispanic & Latinx Heritage Month With Us!
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Did you know that Payback in the NGPF Arcade is available in Spanish?
About the Author
Dave Martin
Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.
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