INDUSTRY & SECTOR DATA
Key Sectors Driving Growth
Manufacturing is the biggest driver of U.S. Latino economic growth, which reached $457.4 billion in 2022, a 48.4% year-over-year increase. In fact, U.S. Latinos account for 17% of the nation’s total manufacturing. Retail trade also contributes substantially to the growth of the U.S. Latino economy, with a 14.1% increase to $270.3 billion, representing 16% of the United States total. Similarly, construction reported a 9.3% increase to $250.3 billion, or a 23% nationwide share.
Consumer Spending Growth Forecasts 2020-2030
IHS Markit. “Hispanic Market Monitor 2021: Consumer Spending Forecast 2020-2030.”
Hispanic Data Points at Your Fingertips
The HMC 2025 Hispanic Market Guide is the most comprehensive resource on the U.S. Hispanic market, featuring research and insights from HMC, Kantar, Nielsen and Latino Donor Collaborative.
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The HMC Hispanic Market Guide is the most comprehensive resource on the U.S. Hispanic market and provides brands and journalists with unparalleled competitive intelligence for locating and targeting the top agencies in the market.