Selig Center – The Multicultural Economy 2008.

Backed by fundamentally strong national and regional economies, U.S. consumers will continue to have substantial but varying annual gains in after-tax income, which powers their spending on goods and services. The Selig Center’s estimates and projections of buying power for 1990-2013 show that minorities—African Americans, Asians, Native Americans, and Hispanics–definitely share in this success, and together wield formidable economic clout. The numbers are impressive. In 2007, both the African-American market ($913 billion) and the Hispanic market ($951 billion) are larger than the entire economies (2007 GDP measured in U.S dollars) of all but thirteen countries in the world.

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http://www.terry.uga.edu/selig/docs/buying_power_2008.pdf>