Hispanic Snapshot
The national Latino market is one of the fastest-growing sectors of the U.S. economy that influences all aspects of American culture and lifestyles. Some of the key economic and demographic indicators of the market are:
- In 2004, the country’s estimated 40 million Hispanics are spending nearly $700 billion on goods and services.
- If this country’s Latinos were a nation, its gross domestic product (GDP) would rank ninth in the world, just below Canada.
- By 2008, researchers predict that Hispanics’ buying power will be about $1 trillion per year, representing an astounding growth rate of over 450 percent since 1990.
- Latinos are the largest and youngest ethnic minority group in the United States.
By 2050, one of every four Americans will be Hispanic, a number that will exceed 100 million.
VPE Public Relations Consumer Strategies Group can help you reach this viable and dynamic marketplace with smart, creative ideas and PR strategies. |