LDC is a nonprofit, nonpartisan group focused on reshaping perceptions of U.S. Latinos through data and economic research.
In 2020, Latino consumption was measured at $1.84 trillion.
Three-quarters of the Latino population were concentrated in just 10 states in 2020: Arizona, California, Colorado, Florida, Georgia, Illinois, New Jersey, New York, North Carolina and Texas.
According to the report, Latino growth staved off a decline in the population and labor force in three states — New Jersey, New York and Illinois — from 2010 to 2018.
As a result, Latino real GDP contracted a small amount in 2020, by 0.8% compared to 4.4% for non-Latinos.