Latinos represent more than 30 percent of Arizona’s population and bring more than $31 billion to the state’s economy, according to a recent study by Arizona’s Hispanic Chamber of Commerce, reports Maritza Lizeth Félix for Prensa Hispana. The report, “Datos: Focus on Arizona’s Hispanic Market 2010,” finds that Latina women have become an economic engine in the state. The study does not include the economic impact of undocumented immigrants.
$31.3 billion – the buying power of Latinos in Arizona
$47.9 billion – the amount Latinos are expected to spend in 2013
$951 billion – Latino buying power in the U.S., not including Puerto Ricans, whose buying power is estimated at $50 billion
63% of Arizona’s Latino population lives in Maricopa County
42% of the residents of Phoenix are Latino
1 in 4 children born in the U.S. in 2008 was of Hispanic descent READ MORE