That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population.
Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure.
A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed.
Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it.
"Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."
Persons:
Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, —, Latinas, Elise Gould, Andrew Lichtenstein
Organizations:
Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis
Locations:
Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York