This statistic illustrates the buying power of Hispanic consumers in the United States from 1990 to 2026. Hispanics spent around **** trillion U.S. dollars in 2021. This buying power is expected to increase to over *** trillion U.S. dollars by 2026.

This statistic shows the consumer expenditure of Hispanic-Americans in the United States from 2018 to 2024. By 2024, Hispanics in the United States were projected to spend nearly *** trillion U.S. dollars on consumer goods.

This statistics presents information on the buying power of consumers in the United States in 2013, broken down by ethnic group. According to the source, the retail market gained 100 billion U.S. dollars from Native Americans in the measured period. The highest buying power of *** trillion U.S. dollars belonged to Latinos.

This statistics presents a forecast of the growth in buying power of consumers in the United States between 2014 and 2019, broken down by ethnic group. According to the source, Latino buying power will experience the highest growth of **** percent in the measured period, while Native Americans are expected to increase their spending by **** percent by 2019. Among Asian consumers, household expenditure on food amounted to approximately *** thousand U.S. dollars on average in 2016, while African Americans spent around *** thousand U.S. dollars that year.

This layer shows the purchasing power per capita in Mexico in 2022, in a multiscale map (Country, State, Municipality, and Basic Statistical Area). Nationally, the purchasing power per capita is 135,324 Mexican peso. Purchasing Power describes the disposable income (income without taxes and social security contributions, including received transfer payments) of a certain area's population. The figures are in Mexican peso (MXN) per capita.The pop-up is configured to show the following information at each geography level:Purchasing power per capitaPurchasing power per capita by various categoriesThe source of this data is Michael Bauer Research. The vintage of the data is 2022. This item was last updated in October, 2023 and is updated every 12-18 months as new annual figures are offered.Additional Esri Resources:Esri DemographicsThis item is for visualization purposes only and cannot be exported or used in analysis.We would love to hear from you. If you have any feedback regarding this item or Esri Demographics, please let us know.Permitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

Between 2008 and 2022, Mexico's purchasing power parity experienced a slight growth. In 2008, the PPP was approximately **** NCU per U.S. dollars. In 2022, it had increased to about ***** NCU. That year, five Mexican cities ranked amongst the metropolises with the highest local purchasing power in Latin America and the Caribbean. Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power between countries, by eliminating the differences in prices.

As of 2024, three out of ten Latin American and Caribbean cities with the highest local purchasing power were located in Mexico. With an index score of 51.3, people in Querétaro had the highest domestic purchasing power in Mexico. In South America, the city with the highest domestic purchasing power for 2024 was Montevideo, scoring 53 index points.

The average for 2024 based on 19 countries was 19884 U.S. dollars. The highest value was in Puerto Rico: 44125 U.S. dollars and the lowest value was in Haiti: 2801 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Mexico was estimated at 4.6 U.S. dollars in January 2025. Due to the high increases during the last few years, the Big Mac burger price became one of the highest in Latin America. Big Mac Index The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay. Power Purchasing Parity This conversion endeavor seeks to level the purchasing power disparities among nations by neutralizing price discrepancies. Notably, in Mexico, the Purchasing Power Parity (PPP) has demonstrated a consistent upward trajectory, yielding positive repercussions on the minimum wage for the labor force. This, in turn, has triggered a favorable effect on the affordability of the essential food basket. Furthermore, this upswing has propelled five major Mexican cities into the upper positions of PPP rankings within Latin America. Consequently, Mexico now stands as the 15th largest global economy, a status achieved despite a slight, yet steady, decline in its share of the global GDP, which is adjusted according to PPP metrics.

As of January 2025, Argentina had the highest Big Mac Index and Guatemala, the lowest, among the Latin American countries measured. The so-called Big Mac Index is regarded as an indicator for the purchasing power of an economy. In Guatemala, it was estimated that a Big Mac would cost an average of 4.01 U.S. dollars, while the average price for a Big Mac burger in Brazil amounted to approximately 4.03 U.S. dollars. How is the Big Mac Index calculated?The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars. The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality.McDonald's in Latin AmericaMcDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay. Brazil is the largest Latin American market for McDonald's when it comes to the size of the franchise network, as over 1,000 McDonald's restaurants are in operation in the Brazilian territory.

As of June 2024, the music video of Luis Fonsi's and Daddy Yankee's "Despacito" had a total of 8.47 billion views, being the most-watched video on YouTube by a Latin American artist and the second most-viewed video of all time. It was also the first video in the history of YouTube to surpass six billion views, already in 2017. Another Reggaeton artist, Panamanian El Chombo, ranked second with "Dame Tu Cosita" (featuring Jamaican singer Cutty Ranks), with more than 4.68 billion views. Among Latin American artists, Shakira was the only female pop star to appear twice in the top ten, ranking third with the official song of the 2010 FIFA World Cup, "Waka Waka", and sixth with "Chantaje" (featuring fellow Colombian singer Maluma).

A musical match… The popularity of Latin artists on YouTube is not just a matter of cultural success, but also a case of the medium being part of the message. Mostly free and easily accessible on desktop and mobile devices, the video platform is one of the defining aspects of social media usage in the Caribbean. YouTube is omnipresent in the Latin American online video landscape, with markets like Brazil and Mexico being the platform’s third and fifth-largest markets worldwide.

… for those who can watch it. The growth of mobile connectivity in Latin America and the Caribbean indeed helps the expansion of social and media platforms like YouTube, but structural problems on the continent might still hinder part of its population’s access to its cultural production. The homeland of Shakira, Colombia, has much higher access to YouTube on desktop devices than on mobile, highlighting the country’s regional differences in internet penetration. Nonetheless, the overall imbalance in the region’s purchase power makes YouTube’s free version much more accepted than its paid premium format.