Answers to your questions on Immigration and the economy

Immigrants have a significant impact on the U.S. economy in various ways. Here are some key statistics:

• Economic Contribution: Immigrants contributed approximately $1.6 trillion to the U.S. economy in 20221. They also paid over $579 billion in local, state, and federal taxes.
• Job Creation: Immigrants are highly entrepreneurial, launching new companies at twice the rate of native-born Americans2. This helps create jobs and boosts employment opportunities for native-born workers.
• GDP Impact: In 2016, immigrants added $2 trillion to the U.S. GDP.
• Tax Contributions: In 2018, immigrants contributed $458.7 billion to state, local, and federal taxes.
• Spending Power: The spending power of immigrants was estimated at $1.5 trillion in 2022.
• Federal Budget Deficit: Increased immigration could reduce the U.S. federal budget deficit by approximately $897 billion over the next decade.

Sources: 

How Does Immigration Affect the U.S. Economy? | Council on Foreign Relations

HHRG-118-JU01-20240111-SD013.pdf (Congress.gov)

HHRG-118-JU01-20240111-SD012.pdf (Congress.gov)