Infographics
The following infographics bring the data to life—visually illustrating the powerful economic contributions of Latino and Black communities, the impact of inclusive policies, and the opportunities that lie ahead:
Black & Latino Population
Black and Latino population: 112,300,000. 34% of US population.
GDP Contribution
Non-hispanic white GDP contribution: 76%. Black and Latino GDP contribution: 24%.
Black & Latino Buying Power
Black and Latino buying power: $3.5 trillion per year.
Black & Latino Businesses with Employees
Latino & Black Businesses Employ
Number of people employed by Black and Latino businesses: 4.6 million.
Hispanic Business - Top 6 Business Sectors
Number of Employer Firms
Construction: 70,571
Accommodation and Food Services: 46,795
Professional, Scientific, and Technical Services: 44,684
Administrative and Support and Waste Management and Remediation Services: 39,963
Health Care and Social Assistance: 37,269
Retail Trade: 33,923
Black Business - Top 6 Business Sectors
Number of Employer Firms
Health Care and Social Assistance: 25.6%
Professional, Scientific, and Technical Services: 13.5%
Transportation and Warehousing: 9.2%
Administrative and Support and Waste Management and Remediation Services: 8.3%
Retail Trade: 6.9%
Accommodation and Food Services: 6.8%
Black and Latino Ownership Statistics - 2019/2021
Total firms: 8,734,453
Total sales: $984.1 billion
Employer firms: 540,653
Employer total sales: $706.6 billion
Number of employees: 4,258,953
Annual payroll: $164.9 billion
Nonemployer firms: 8,194,000
Nonemployer total sales: $277.5 billion