Statistics show that the growth of Hispanics in the US is staggering.
The estimated buying power of this group in the US alone is about 1.5 trillion dollars a year and it has increased at an annual growth rate of 7.5%, more than twice as fast as the 2.8% growth for the total US purchasing power. Hispanic purchasing power increased 45% in the last five years, according to Statista and other sources.
Hispanics buying power is greater than the GDP of Australia or Spain according to Nielsen. The Hispanic population in the US is greater than the population of Canada or Spain.
Reaching out to this group will help expand your business!
Let Spanish Translation Services be the helping hand to reach your business goals.
The following video holds some information from the United States Census Bureau.