Latino GDP Report Presentation

Wednesday, April 17  –  3:00pm
Oxnard College Performing Arts Center

In collaboration with the California Lutheran University Center for Economic Research & Forecasting, Oxnard College is hosting a special presentation of the 2023 Latino GDP Report on April 17.

The event is free of charge and open to the entire community.

We’re excited to welcome David Hayes-Bautista and Matthew Fienup to the Oxnard College campus to describe the findings of their extraordinary report, which provides a factual view of the large and rapidly growing economic contribution of Latinos living in the United States. They’ll be joined by a panel of local business and community leaders, who will describe the impact they witness on a daily basis.

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.

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About the 2023 U.S. Latino GDP Report

The U.S. Latino Gross Domestic Product (GDP) Report provides a factual view of the large and rapidly growing economic contribution of Latinos living in the United States. Gross Domestic Product (GDP) is a broad measure of economic activity, representing the value of all finished goods and services produced within a geographic area in a given year. GDP growth is a nearly universal summary statistic for the performance of an economy. In addition to being an important summary statistic, we care about GDP growth for its own sake, as growing GDP, or economic growth, results in rising wages, higher standards of living and greater economic opportunity.

In this 6th annual publication, we estimate the U.S. Latino GDP by first making Latino-specific calculations of major GDP components decomposed across more than 70 expenditure categories. This is a detailed, bottom-up construction of the total economic impact of Latinos, one that
leverages publicly available data from major U.S. agencies, including the U.S. Bureau of Economic Analysis (BEA), the Bureau of Census, and the Bureau of Labor Statistics. The core building block is the BEA’s Input-Output (I-O) Table, which is the foundation for the national income accounting system. At the time of writing, the most recent year for which the I-O Table was available is 2021. As such, this year’s report provides a snapshot of the total economic contribution of U.S. Latinos in that year. However, this report harnesses a wealth and wide variety of economic, demographic, financial, health, and geographic data to provide a comprehensive and detailed analysis of the contributions of U.S. Latinos.