経済・産業概況
Brazil is the largest economy in Latin America and ranks among the ten largest economies in the world by nominal GDP. The economy is highly diversified, with major contributions from agriculture, mining, manufacturing, financial services, and energy. Key export products include iron ore, soybeans, crude oil, beef, and sugar, with oil emerging as one of the leading export earners. The country operates a large domestic consumer market supported by a population of over 213 million, and its stock exchange, B3, is the largest in Latin America by market capitalization and trading volume. GDP grew at 3.4 percent in 2024, driven by strong private consumption and supply-side factors, though growth is expected to moderate in subsequent years.
主要セクター
Brazilのすべてを知る →マクロ
| GDP 名目, USD | $2.19T |
| GDP成長率 実質, 年率 | 3.4% |
| インフレ率 年率 | 4.6% |
| 人口 人 | 213.0M |
| 一人当たりGDP USD | $10,282 |
| 時価総額 上場総額, USD | $783.00B |
| 時価総額/GDP | 35.8% |
| 失業率 | 6.8% |
| 上場企業数 | 331 |
| 取引所 | B3, Brasil Bolsa Balcao (formerly BM&FBOVESPA), headquartered in Sao Paulo. It is the largest stock exchange in Latin America by market capitalization and the main venue for equities, derivatives, fixed income, and commodity contracts in Brazil. (BVMF) |
データ年度: 2024. 出典: World Bank World Development Indicators, IMF World Economic Outlook, FocusEconomics, B3 official data via Baker McKenzie Cross-Border Listings Guide, SSE Initiative (Sustainable Stock Exchanges), Wikipedia B3 stock exchange, Trading Economics, Statista, Rio Times Online, FinanceCharts, BrazilianFinance.com. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
最新ニュース
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Latin Americaの他の市場
主要上場企業
現地主要取引所における時価総額上位企業。
| # | 企業 | セクター | 時価総額USD | 米国上場 |
|---|---|---|---|---|
| 1 | Petroleo Brasileiro (Petrobras)PETR4 · BVMF | Energy · Oil and Gas | $148.00B | PBR |
| 2 | Itau Unibanco HoldingITUB4 · BVMF | Financials · Banking | $114.00B | ITUB |
| 3 | Vale S.A.VALE3 · BVMF | Materials · Mining | $57.00B | VALE |
| 4 | Banco BTG PactualBPAC11 · BVMF | Financials · Investment Banking | $52.00B | — |
| 5 | Ambev S.A.ABEV3 · BVMF | Consumer Staples · Beverages | $50.00B | ABEV |
| 6 | Banco BradescoBBDC4 · BVMF | Financials · Banking | $46.00B | BBD |
| 7 | Nu Holdings (Nubank)NUBR33 · BVMF | Financials · Fintech | $45.00B | NU |
| 8 | Banco do BrasilBBAS3 · BVMF | Financials · Banking | $30.00B | — |
| 9 | WEG S.A.WEGE3 · BVMF | Industrials · Electrical Equipment | $28.00B | — |
| 10 | Itausa S.A.ITSA4 · BVMF | Financials · Holding Company | $16.00B | — |
| 11 | Rede D'Or Sao LuizRDOR3 · BVMF | Health Care · Hospital Services | $15.00B | — |
| 12 | Embraer S.A.EMBR3 · BVMF | Industrials · Aerospace and Defense | $14.00B | ERJ |
| 13 | Caixa Economica Federal (CXSE3, preferred shares listed)CXSE3 · BVMF | Financials · Banking and Insurance | $13.00B | — |
| 14 | Banco Santander BrasilSANB11 · BVMF | Financials · Banking | $13.00B | BSBR |
| 15 | Localiza Rent a CarRENT3 · BVMF | Industrials · Vehicle Rental | $12.00B | — |
| 16 | Suzano S.A.SUZB3 · BVMF | Materials · Pulp and Paper | $12.00B | — |
| 17 | B3 S.A. Brasil Bolsa BalcaoB3SA3 · BVMF | Financials · Financial Market Infrastructure | $11.00B | BOLSY |
| 18 | JBS S.A.JBSS3 · BVMF | Consumer Staples · Meat Processing | $11.00B | — |
| 19 | Petroleo Brasileiro Preferred (PETR3 common class note)PETR3 · BVMF | Energy · Oil and Gas | $10.50B | PBR |
| 20 | CCR S.A.CCRO3 · BVMF | Industrials · Infrastructure Concessions | $8.50B | — |
| 21 | Gerdau S.A.GGBR4 · BVMF | Materials · Steel | $8.00B | GGB |
| 22 | Engie Brasil EnergiaEGIE3 · BVMF | Utilities · Electric Power | $6.50B | — |
| 23 | Lojas RennerLREN3 · BVMF | Consumer Discretionary · Fashion Retail | $5.50B | — |
| 24 | Magazine Luiza (Magalu)MGLU3 · BVMF | Consumer Discretionary · E-commerce and Retail | $5.00B | — |
| 25 | Natura and Co HoldingNTCO3 · BVMF | Consumer Staples · Personal Care | $5.00B | — |
米国上場ETF
この市場へのエクスポージャーを持つ米国上場ファンド、多くの米国投資家にとって最もシンプルなアクセス手段です。
| ETF | 対象範囲 | 経費率年率% | エクスポージャーファンドの% |
|---|---|---|---|
| EWZiShares MSCI Brazil ETF · BlackRock iShares | 単一国 | 0.59% | 100% |
| EWZSiShares MSCI Brazil Small-Cap ETF · BlackRock iShares | 単一国 | 0.59% | 100% |
| BRFVanEck Brazil Small-Cap ETF · VanEck | 単一国 | 0.60% | 100% |
| VWOVanguard FTSE Emerging Markets ETF · Vanguard | 新興市場全体 | 0.08% | 6% |
| ILFiShares Latin America 40 ETF · BlackRock iShares | 地域別 | 0.48% | 62% |
| GMLSPDR S&P Emerging Latin America ETF · State Street SPDR | 地域別 Delisted | 0.49% | 58% |
| EEMiShares MSCI Emerging Markets ETF · BlackRock iShares | 新興市場全体 | 0.70% | 6% |
現地取引所とアクセス方法
| 取引所 | B3, Brasil Bolsa Balcao (formerly BM&FBOVESPA), headquartered in Sao Paulo. It is the largest stock exchange in Latin America by market capitalization and the main venue for equities, derivatives, fixed income, and commodity contracts in Brazil. |
| コード | BVMF |
| ウェブサイト | www.b3.com.br/en_us |
| 通貨 | BRL |
現地ブローカーアクセス
Foreign investors can access Brazilian equities directly through a local brokerage account by registering with the CVM (Comissao de Valores Mobiliarios, the Brazilian securities regulator) and obtaining a CPF (tax identification number) and a CVM foreign investor registration (Annex IV or Resolution 4,373 registration). Several international brokers also offer access to Brazilian ADRs and ETFs listed in the United States. Direct B3 trading by non-residents requires a local custodian and compliance with Brazilian Central Bank and CVM regulations. Many international retail investors gain exposure through US-listed ETFs or ADRs rather than directly on B3.
海外市場対応のグローバルブローカー
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
参考情報として掲載しており、推奨ではありません。対応市場、手数料、口座開設条件はブローカーや居住国によって異なります。
移住・居住権
投資ビザ・居住権プログラム
付与内容 Temporary investor visa (renewable, convertible to permanent residency)
Brazil does not operate a formal golden visa or residence-by-investment programme in the classic sense. However, Brazil's immigration law does provide a pathway for investors: foreign nationals who make a qualifying investment in a Brazilian company or create jobs in Brazil may apply for a temporary investor visa (VITEM XIV), which can be converted to permanent residency after four years of continuous residence. The minimum investment threshold set by the National Immigration Council has historically been BRL 500,000 (approximately USD 90,000 to USD 100,000 depending on exchange rates) for established regions, with lower thresholds for less-developed areas. This is an administrative investor visa route rather than a dedicated investment-migration programme comparable to formal golden visa schemes.
最低投資額: $90.00K
申請のサポートが必要な場合は、投資移住専門のアドバイザー(例: Henley & Partners.
外国人投資家のアクセス
Brazil allows foreign nationals to reside long-term through investor, work, retirement income, or family reunification visas. The retirement and income visa (VITEM XI) requires proof of a monthly foreign income above approximately USD 2,000. The cost of living varies significantly between major cities such as Sao Paulo and Rio de Janeiro and smaller cities. Brazil imposes worldwide income taxation on tax residents, and new residents are subject to tax on foreign income after a transition period. The country has a complex tax and bureaucratic environment, and professional legal advice is recommended for those relocating.
米国上場ADR・クロスリスティング
米国でも株式が取引されている当該国の企業、通常の米国証券口座で投資可能です。
| 企業 | 米国ティッカー | 現地ティッカー | 備考 |
|---|---|---|---|
| Ambev S.A. | ABEV | ABEV3 | ABEV is the NYSE ADR for Ambev, the largest beverage company in Latin America. Each ADR represents one ordinary share. It is a major component of the iShares MSCI Brazil ETF (EWZ). |
| B3 S.A. Brasil Bolsa Balcao | BOLSY | B3SA3 | BOLSY is an OTC-traded ADR for B3 itself, the Brazilian stock exchange operator. It provides US investors with direct exposure to the financial performance of the exchange business. |
| Banco Bradesco | BBD | BBDC4 | BBD represents Bradesco preferred shares on the NYSE. The bank also has a secondary ADR class (BBDO) representing common shares. Both are listed on NYSE. |
| Banco Santander Brasil | BSBR | SANB11 | BSBR is the NYSE ADR for the Brazilian subsidiary of Santander Group. The ADR represents units (SANB11) listed on B3, each comprising one common and one preferred share. |
| Embraer S.A. | ERJ | EMBR3 | ERJ is the NYSE ADR for Embraer, the Brazilian commercial and executive aircraft manufacturer. Each ADR equals four ordinary shares listed on B3. |
| Gerdau S.A. | GGB | GGBR4 | GGB is the NYSE ADR for Gerdau, the Brazilian steelmaker with significant operations in the Americas. Each ADR represents one preferred share on B3. |
| Itau Unibanco Holding | ITUB | ITUB4 | ITUB is the NYSE-listed ADR for Itau Unibanco, representing the preferred shares of the largest private bank in Latin America. Each ADR is equivalent to one preferred share traded on B3. |
| Nu Holdings (Nubank) | NU | NUBR33 | NU is the NYSE listing of Nu Holdings, the parent of Nubank, one of the world's largest digital banks by customer count. It primarily lists on NYSE with Brazilian depositary receipts (BDRs) trading on B3 under the ticker NUBR33. |
| Petroleo Brasileiro (Petrobras) Common | PBR | PETR3 | PBR represents common shares of Petrobras traded on the NYSE. Each ADR equals two ordinary shares. It is one of the most traded emerging market ADRs by dollar volume on US exchanges. |
| Petroleo Brasileiro (Petrobras) Preferred | PBR-A | PETR4 | PBR-A represents the preferred (dividend-priority) class of Petrobras shares on the NYSE. The preferred class is generally more liquid than the common class on B3 and the ADR markets. |
| Vale S.A. | VALE | VALE3 | VALE is the NYSE ADR for Vale, the global iron ore and nickel mining giant. It is one of the most liquid ADRs from Latin America and is widely held by international institutional investors. |