Hard-working.
Self-sufficient.
Optimistic.
Click on the map to view regional reports.
“At Bank of America, we recognize the incredible importance and impact of the Hispanic-Latino community. Metro Latino GDP Reports provide fresh insights into the landscape and economic contributions by Hispanics and confirm that our Hispanic-Latino population is a driving force when it comes to the growth of our economy and the strength of both our labor force and human capital.”
Raul Anaya
President, Bank of America Greater Los Angeles
Generously funded by
the Bank of America Charitable Foundation
Authors
Dan Hamilton, PhD.
Director of Economics
Ctr. for Economic Research & Forecasting
California Lutheran University
Matthew Fienup, PhD.
Executive Director
Ctr. for Economic Research & Forecasting
California Lutheran University
David Hayes-Bautista, PhD.
Director
Ctr. for the Study of Latino Health & Culture
UCLA David Geffen School of Medicine
Paul Hsu, M.P.H., Ph.D.
Faculty
Department of Epidemiology
UCLA Fielding School of Public Health
History of the Latino GDP
The Latino GDP Project seeks to provide a factual view of the large and rapidly growing economic contribution of Latinos living in the United States.
The effort to calculate the Latino GDP began with David Hayes-Bautista around 2004. Hayes-Bautista’s idea was to use established government data programs to calculate a robust summary statistic for the economic performance of U.S. Latinos. The original U.S. Latino GDP algorithm was developed by Hayes-Bautista with Werner Schink, former Chief Economist of the California EDD. They produced the inaugural Latino Gross Domestic Product (GDP) Report in 2017, partially funded by the Latino Donor Collaborative. After Schink’s untimely passing in 2018, Hayes-Bautista found new collaborators in Dan Hamilton and Matthew Fienup, of California Lutheran University. Hayes-Bautista, UCLA colleague Paul Hsu, Hamilton, and Fienup made refinements to the Latino GDP methodology and have produced annual U.S. Latino GDP Reports every year since 2019.
With generous support from the Bank of America Charitable Foundation, the Latino GDP Project was significantly expanded beginning in 2021 and now includes calculation of the Latino GDP for targeted states and major metropolitan areas.
The Latino GDP research has been presented to tens of thousands of individuals in more than a dozen states, including to the Joint Economic Committee of U.S. Congress, the Congressional Hispanic Caucus, and ¡Adelante!, a system-wide Hispanic Heritage Month Event of the Federal Reserve Bank. The Latino GDP research has been the subject of more than 100 separate features across print, electronic and broadcast media.
