Brazil
Latin America · Brasília · BRL (Brazilian Real)
Tổng quan kinh tế & ngành
Brazil is the largest economy in Latin America and the tenth largest in the world by nominal GDP, classified by the World Bank as an upper-middle-income economy. The economy is highly diversified, with major contributions from agriculture (soybeans, beef, sugar, coffee), energy (oil and gas via Petrobras), mining (iron ore, nickel), manufacturing, and an extensive services sector. Brazil is a leading global exporter of agricultural commodities and iron ore, and is a member of BRICS and MERCOSUR. The financial sector is deep and well-developed, anchored by large private and state-controlled banks, and a growing fintech ecosystem. GDP growth reached 3.4% in 2024, though it is projected to moderate in 2025–2026 amid high interest rates and persistent inflationary pressures.
Các ngành trọng điểm
📘 Tìm hiểu mọi thứ về Brazil →Vĩ mô
| GDP danh nghĩa, USD | $2.18T |
| Tăng trưởng GDP thực, hàng năm | 3.4% |
| Lạm phát hàng năm | 4.1% |
| Dân số người | 213.0M |
| GDP bình quân đầu người USD | $9,565 |
| Vốn hóa thị trường tổng niêm yết, USD | $870.73B |
| Vốn hóa thị trường / GDP | 39.9% |
| Thất nghiệp | 6.2% |
| Công ty niêm yết | 463 |
| Sàn giao dịch | B3 – Brasil, Bolsa, Balcão (BVMF) |
Năm dữ liệu: 2024. Nguồn: World Bank – World Development Indicators, IMF World Economic Outlook (April 2026), OECD Economic Outlook Volume 2025 Issue 1, US Department of State – 2025 Investment Climate Statement: Brazil, Baker McKenzie – Cross-Border Listings Guide: B3, B3 S.A. – Brasil, Bolsa, Balcão (official exchange data), Trading Economics, Worldometer GDP, Wikipedia – Economy of Brazil, disfold.com – Top Brazilian Companies by Market Cap, financecharts.com – Biggest Companies in Brazil, iShares EWZ fund data (BlackRock).
Tin mới nhất
Các thị trường Latin America khác
Các công ty niêm yết lớn nhất
Các công ty lớn nhất trên sàn giao dịch địa phương chính, theo vốn hóa thị trường.
| # | Công ty | Ngành | Vốn hóa thị trườngUSD | Niêm yết tại Mỹ |
|---|---|---|---|---|
| 1 | Petróleo Brasileiro S.A. – PetrobrasPETR3 / PETR4 · BVMF | Oil & Gas | $109.55B | PBR |
| 2 | Itaú Unibanco Holding S.A.ITUB3 / ITUB4 · BVMF | Banking | $79.72B | ITUB |
| 3 | Nu Holdings Ltd. (Nubank)ROXO34 · BVMF | Fintech / Digital Banking | $65.00B | NU |
| 4 | Vale S.A.VALE3 · BVMF | Mining | $56.24B | VALE |
| 5 | Ambev S.A.ABEV3 · BVMF | Beverages | $38.80B | ABEV |
| 6 | WEG S.A.WEGE3 · BVMF | Industrial Machinery & Equipment | $36.85B | — |
| 7 | Banco Santander Brasil S.A.SANB3 / SANB11 · BVMF | Banking | $33.02B | BSBR |
| 8 | Banco Bradesco S.A.BBDC3 / BBDC4 · BVMF | Banking | $29.50B | BBD |
| 9 | Banco do Brasil S.A.BBAS3 · BVMF | Banking (State-controlled) | $27.00B | BDORY |
| 10 | Companhia de Saneamento Básico do Estado de São Paulo (Sabesp)SBSP3 · BVMF | Water & Sanitation Utilities | $16.50B | SBS |
| 11 | JBS S.A.JBSS3 · BVMF | Food Processing (Meat) | $15.86B | JBSAY |
| 12 | Embraer S.A.EMBR3 · BVMF | Aerospace & Defense | $12.50B | ERJ |
| 13 | Rede D'Or São Luiz S.A.RDOR3 · BVMF | Healthcare | $12.00B | — |
| 14 | Raia Drogasil S.A.RADL3 · BVMF | Retail Pharmacy | $11.80B | — |
| 15 | Localiza Rent a Car S.A.RENT3 · BVMF | Car Rental & Fleet Management | $10.50B | — |
| 16 | Suzano S.A.SUZB3 · BVMF | Pulp & Paper | $10.20B | SUZ |
| 17 | Gerdau S.A.GGBR3 / GGBR4 · BVMF | Steel | $9.80B | GGB |
| 18 | B3 S.A. – Brasil, Bolsa, BalcãoB3SA3 · BVMF | Financial Exchanges & Infrastructure | $9.50B | — |
| 19 | Engie Brasil Energia S.A.EGIE3 · BVMF | Electric Utilities (Renewable Energy) | $8.90B | — |
| 20 | Magazine Luiza S.A. (Magalu)MGLU3 · BVMF | Retail & E-Commerce | $4.80B | — |
| 21 | Hapvida Participações e Investimentos S.A.HAPV3 · BVMF | Health Insurance & Managed Care | $4.50B | — |
| 22 | Rumo S.A.RAIL3 · BVMF | Rail Transportation & Logistics | $8.20B | — |
| 23 | Cosan S.A.CSAN3 · BVMF | Diversified (Energy, Logistics, Mining) | $5.80B | — |
| 24 | Raízen S.A.RAIZ4 · BVMF | Sugar, Ethanol & Fuel Distribution | $5.40B | — |
| 25 | Equatorial Energia S.A.EQTL3 · BVMF | Electric Utilities (Distribution) | $9.10B | — |
ETF giao dịch tại Mỹ
Các quỹ niêm yết tại Mỹ cung cấp tiếp cận thị trường này — lộ trình đơn giản nhất cho nhiều nhà đầu tư Mỹ.
| Mã cổ phiếu | ETF | Tổ chức phát hành | Phạm vi | Tỷ lệ chi phí% hàng năm | Mức độ tiếp cận% quỹ |
|---|---|---|---|---|---|
| FLBR | Franklin FTSE Brazil ETF | Franklin Templeton | Đơn quốc gia | 0.19% | 100% |
| EWZ | iShares MSCI Brazil ETF | BlackRock (iShares) | Đơn quốc gia | 0.59% | 100% |
| EWZS | iShares MSCI Brazil Small-Cap ETF | BlackRock (iShares) | Đơn quốc gia | 0.59% | 100% |
| BRF | VanEck Brazil Small-Cap ETF | VanEck | Đơn quốc gia | 0.60% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | EM diện rộng | 0.08% | 4% |
| FLLA | Franklin FTSE Latin America ETF | Franklin Templeton | Khu vực | 0.19% | 50% |
| ILF | iShares Latin America 40 ETF | BlackRock (iShares) | Khu vực | 0.48% | 55% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock (iShares) | EM diện rộng | 0.70% | 5% |
Sàn giao dịch địa phương & tiếp cận
| Sàn giao dịch | B3 – Brasil, Bolsa, Balcão |
| Mã | BVMF |
| Trang web | www.b3.com.br/en_us |
| Tiền tệ | BRL |
Tiếp cận qua môi giới địa phương
Non-resident foreign investors can access B3-listed equities directly by registering as a foreign investor (Annex IV/Resolution 4,373 framework) through a local custodian and obtaining a CPF number. Alternatively, US-based investors may access Brazilian equities via ADRs on NYSE/NYSE American or via US-listed ETFs such as EWZ without needing a local account. Several international online brokers (e.g., Interactive Brokers) offer direct access to B3. Brazil levies a 15% withholding tax on dividends and capital gains for non-resident investors in most circumstances; rates may differ under applicable tax treaties.
Môi giới toàn cầu có tiếp cận thị trường nước ngoài
- 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.
Được liệt kê chỉ để tiện tham khảo — không phải khuyến nghị. Các thị trường có sẵn, phí giao dịch và quy định đăng ký khác nhau theo từng môi giới và quốc gia cư trú của bạn.
Di cư & cư trú
Visa đầu tư / chương trình cư trú
Trợ cấp Temporary residency (renewable, path to permanent residency and naturalization)
Brazil does not operate a formal 'Golden Visa' programme in the European sense. However, Brazil's immigration law (Lei de Migração No. 13,445/2017) provides for residency permits based on investment. Foreign nationals who make a qualifying investment in Brazil — typically a minimum of BRL 500,000 (approximately USD 90,000–100,000 at prevailing rates) in a Brazilian company or government-approved investment fund — may apply for a temporary residency visa. After four years of continuous residence, permanent residency may be sought, and after four additional years, naturalization may be applied for. The program is administered by the National Immigration Council (CNIg) and the Federal Police.
Đầu tư tối thiểu: $90.00K
Cần hỗ trợ nộp đơn? Các chuyên gia tư vấn di trú đầu tư như Henley & Partners.
Tiếp cận của nhà đầu tư nước ngoài
Foreign nationals wishing to reside in Brazil may apply for an investor visa or residency permit under the Lei de Migração framework. A Brazilian CPF (tax registration number) is required for most financial and legal activities. Brazil imposes worldwide income taxation on tax residents. Cost of living varies substantially by city; São Paulo and Rio de Janeiro are the most expensive. Portuguese language proficiency is practically necessary for daily life outside major business districts.
ADR & niêm yết chéo tại Mỹ
Các công ty từ quốc gia này có cổ phiếu cũng giao dịch tại Mỹ — có thể đầu tư qua tài khoản môi giới Mỹ thông thường.
| Công ty | Mã cổ phiếu Mỹ | Mã cổ phiếu địa phương | Ghi chú |
|---|---|---|---|
| Ambev S.A. | ABEV | ABEV3 | Level III ADR on NYSE. Each ADR represents 1 common share of Ambev. Widely held as a consumer staples EM exposure. |
| Banco Bradesco S.A. | BBD | BBDC4 | Level III ADR on NYSE representing preferred shares. One ADR equals 1 preferred share. |
| Banco Santander Brasil S.A. | BSBR | SANB11 | Level II ADR on NYSE. Brazilian subsidiary of Santander Group listed independently on both B3 and NYSE. |
| Banco do Brasil S.A. | BDORY | BBAS3 | OTC ADR (Level I). State-controlled bank; primary listing on B3. Available to US investors via OTC markets. |
| Companhia de Saneamento Básico do Estado de São Paulo (Sabesp) | SBS | SBSP3 | Level III ADR on NYSE. Provides exposure to Brazilian water and sewage utility infrastructure in the state of São Paulo. |
| Embraer S.A. | ERJ | EMBR3 | Level III ADR on NYSE. Each ADR represents 4 common shares of Embraer. Key ADR for aerospace sector exposure in EM. |
| Gerdau S.A. | GGB | GGBR4 | Level III ADR on NYSE. Represents preferred shares of Gerdau. Provides exposure to Latin American long-steel production. |
| Itaú Unibanco Holding S.A. | ITUB | ITUB4 | Level III ADR on NYSE. One of the most liquid Brazilian bank ADRs. Represents preferred (PN) shares of Itaú Unibanco. |
| JBS S.A. | JBSAY | JBSS3 | OTC ADR (Level I). The world's largest meat processing company. Primary listing on B3; OTC trading available in the US. |
| Nu Holdings Ltd. | NU | ROXO34 (BDR on B3) | NYSE-primary listing; Brazilian Depositary Receipts (BDRs) trade on B3. Nu Holdings is incorporated in the Cayman Islands. One of the highest-market-cap Brazilian-origin companies globally. |
| Petróleo Brasileiro S.A. – Petrobras (Common) | PBR | PETR3 | Level III ADR on NYSE. Each ADR represents 2 common shares. Petrobras is among the most actively traded EM ADRs globally. |
| Petróleo Brasileiro S.A. – Petrobras (Preferred) | PBR-A | PETR4 | Level III ADR on NYSE representing Petrobras preferred shares, which carry preferential dividend rights over common shares. |
| Suzano S.A. | SUZ | SUZB3 | Level III ADR on NYSE. Provides US investors exposure to the global pulp market through the world's largest eucalyptus pulp producer. |
| Vale S.A. | VALE | VALE3 | Level III ADR on NYSE. One of the most traded commodity ADRs globally. Each ADR represents 1 ordinary share. |