U.S. Latino GDP hits high of $4.1 trillion, marking ‘growth spot’ for the nation
Fielding School's Dr. David Hayes-Bautista and Dr. Paul Hsu among co-authors
Latinos have once again powered major growth for the U.S. economy, according to a new report from researchers at UCLA and Cal Lutheran. The annual U.S. Latino GDP report found that the total economic output, or gross domestic product, of Latinos in the United States hit a record high, reaching $4.1 trillion in 2023, up from $3.7 trillion in 2022.
The report's co-authors include Dr. David Hayes Bautista, professor in the Department of Health Policy and Management at the UCLA Fielding School of Public Health, and Dr. Paul Hsu, assistant professor in the Department of Epidemiology at the Fielding School. Hayes-Bautista is also professor of medicine, and director of the Center for the Study of Latino Health and Culture, at the David Geffen School of Medicine at UCLA.
“As COVID-19 broke out, many researchers concluded that Latinos would face obstacles to maintaining their physical and financial security,” Hayes-Bautista said. “But the U.S. Latino GDP has recovered faster than the national GDP, despite suffering more from the pandemic.”
Similar to last year’s report, this data shows that the GDP of the U.S. Latino population equates to the fifth largest in the world compared to other economies, topping India, the United Kingdom and France.
The 2025 U.S. Latino GDP Report is the eighth annual release that documents the large and rapidly growing economic contributions of Latinos in the United States. Produced by the UCLA Center for the Study of Latino Health and Culture and Cal Lutheran’s Center for Economic Research and Forecasting, the researchers found that even with the COVID-19 pandemic, the Latino GDP also saw the fastest growth among major economies, including China, and outpaced even the broader economy in the United States when comparing 2019 to 2023.
For more information, read the UCLA news release and the full report:
Professor of Community Health Sciences & Health Policy and Management, and Associate Dean for Research
Dr. Ron Andersen is the Wasserman Professor Emeritus in the UCLA Departments of Health Policy and Management.
Dr. Michelle S. Keller is a health services researcher whose research focuses on the use and prescribing of high-risk medications.
EMPH Academic Program Director with expertise in healthcare marketing, finance, and reproductive health policy, teaching in the EMPH, MPH, MHA program
Dr. Joseph Davey is an infectious disease epidemiologist with over 20 years' experience leading research on HIV/STI services for women and children.
Nationally recognized health services researcher and sociomedical scientist with 25+ years' experience in effectiveness and implementation research.
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