A new research report by the Latino Donor Collaborative reveals that U.S. Latino immigrants contributed a whopping $1.6 trillion to the GDP in 2023, with an overall purchasing power of $4.1 trillion. Economists from Arizona State University noted that the Latino GDP saw a significant 50% increase from 2015, driven by higher levels of education, entrepreneurship, and labor force participation. In contrast, the estimated GDP of non-Latinos in the U.S. only grew by 17% during the same period.

The report highlighted California as a key player in Latino GDP, with a staggering $989 billion in 2023 alone, projected to surpass a trillion dollars by 2025. As Latino spending continues to grow, experts warn that mass deportations could disrupt this economic progress and lead to significant losses. If as many as 8.3 million undocumented workers were deported, the U.S. could face a decline in total GDP by $2.3 trillion or $7.7%, showcasing the vital role U.S. Latinos play in driving economic growth.