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Figure GDP 6. Latino GDP Powers Growth
Disproportionately
The faster growth of the Latino GDP enables it to power
the growth of the total U.S. GDP out of proportion to its
absolute size. By 2015, the Latino GDP grew to
represent 11.8% of the total U.S. GDP, but contributed
18.3% of the growth in the total U.S. GDP during the
period 2010–2015.
Figure GDP 7. Latino GDP and the Ten Largest State
GDPs.
When the Latino GDP of $2.13 trillion is compared to
the GDPs of the 10 largest states in the U.S., it is larger
than 9 of the 10. It is larger than the GDP of Texas, New
York, Florida, Illinois, Pennsylvania, Ohio, New Jersey,
Georgia, or North Carolina.
It should be noted that the four largest state GDPs
belong to states that have a high percentage of Latino
population.
Figure GDP 8. High Compound Annual Growth Rate
(CAGR).
In 2010–2015, only twelve states had a CAGR of 2.0%
or above.
The Latino CAGR of 2.9% was higher than that of 8 of
the 12 states which had growth of 2.0% and higher. The
Latino GDP CAGR was higher than the CAGR of
Colorado, Utah, Tennessee, Washikington, Iowa, South
Carolina, Michigan, or Nebraska.
Figure GDP 9 (below) shows the CAGR of the 48 contiguous states.
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