Visualizing the US Latino economy by sectors
💡 🏭 Which industries are driving 65M US Latinos to outperform entire countries? Let's find out ↓
Last April, Brazil reentered the coveted top-ten list of the world's largest economies, some years after having fallen out due to economic crisis and stagnation.
Today Brazil remains Latin America's largest economy by gross domestic product (GDP), but it trails a related demographic group — the Latin American diaspora living in the United States.
With nearly $4T in economic output, US Latinos fall behind only Japan, Germany, China, and (of course) the United States overall. Otherwise, they outperform every other country despite numbering just 65M people in total.
Impressive, no? Especially given lower-ranked countries – Brazil, yes, but also India, Indonesia, and Russia – number in the hundreds of millions and sometimes even billions of people.
Over six out of ten Hispanics in the US come from Mexico, while Colombians, Cubans, Dominicans, and Central Americans are also well represented.
They are concentrated especially in the southwestern border states, Florida, and New York, and in some states – such as California and Texas – now make up a majority of the state population.
Lower taxes, sunnier weather, and growing business opportunities are prompting many Latinos to relocate from traditional hotspots like California or New York to Texas or non-traditional destinations like the Carolinas. But what drives this group's economic success?
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