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The Top 10 Biggest Companies in Brazil

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The Top 10 Biggest Companies in Brazil

The Top 10 Biggest Companies in Brazil

In 2009, the at-the-time emerging economies of Brazil, Russia, India, and China held their first formal summits as members of BRIC (with South Africa joining in 2010).

Together, BRICS represents 26.7% of the world’s land surface and 41.5% of its population. By GDP ranking, they’re also some of the most powerful economies in the world.

But what drives their economies? We’re highlighting the top 10 biggest companies in each country, starting with Brazil.

What Are the Biggest Public Companies in Brazil?

Brazil isn’t just one of the largest and most diverse countries in the world, it is also an economic powerhouse.

With over 213 million people, Brazil is the sixth most populous country on Earth and the largest in Latin America. It’s also the wealthiest on the continent, with the world’s 12th-largest economy.

Once a colony focused on sugar and gold, Brazil rapidly industrialized in the 20th century. Today, it is a top 10 exporter of industrial steel, with the country’s economic strength coming chiefly from natural resources and financials.

Here are Brazil’s biggest public companies by market capitalization in October 2021:

Top 10 Companies (October 2021)CategoryMarket Cap (USD)
ValeMetals and Mining$73.03B
Petróleo BrasileiroOil and Gas$69.84B
AmbevDrinks$43.87B
Itaú UnibancoFinancial$41.65B
Banco BradescoFinancial$34.16B
WEGIndustrial Engineering$29.43B
BTG PactualFinancial$25.01B
Banco Santander BrasilFinancial$24.70B
Rede D’Or Sao LuizHospital$23.79B
XP Inc.Financial$22.45B

At the top of the ranking is Vale, a metals and mining giant that is the world’s largest producer of iron ore and nickel. Also the operator of infrastructure including hydroelectricity plants, railroads, and ports, It consistently ranks as the most valuable company in Latin America.

Vale and second-ranking company Petróleo Brasileiro, Brazil’s largest oil producer, were former state-owned corporations that became privatized in the 1990s.

Finance in Brazil’s Top 10 Biggest Companies

Other than former monopolies, the top 10 biggest companies in Brazil highlight the power of the banking sector.

Five of the 10 companies with a market cap above $20 billion are in the financial industry.

They include Itaú Unibanco, the largest bank in the Southern Hemisphere, and Banco Santander Brasil, the Brazilian subsidiary of Spanish finance corp.

Another well-known subsidiary is brewing company Ambev, which produces the majority of the country’s liquors and also bottles and distributes PepsiCo products in much of Latin America. Ambev is an important piece of Belgian drink juggernaut Anheuser-Busch InBev, which is one of the world’s largest 100 companies.

Noticeably missing from the top 10 list are companies in the agriculture sector, as Brazil is the world’s largest exporter of coffee, soybeans, beef, and ethanol. Many multinational corporations have Brazilian subsidiaries or partners for supply chain access, which has recently put a spotlight on Amazon deforestation.

What other companies or industries do you associate with Brazil?

Correction: Two companies listed had errors in their market cap calculations and have been updated. All data is as of October 11, 2021.

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Economy

Confidence in the Global Economy, by Country

Will the global economy be stronger in 2024 than in 2023?

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chart of confidence in the economy by country

Confidence in the Global Economy, by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Measuring consumer confidence in the economy is crucial for understanding both current economic strength, as well as how consumers may be expected to act in the future.

So how do people around the world feel about the global economy?

This visualization uses survey data collected from October 20 to November 3, 2023 by Ipsos. It was first highlighted as part of our 2024 Global Forecast Series.

Which Countries Feel Confident About the Economy in 2024?

Heading into 2024, an average of 50% of polled adults felt confident that the global economy would be stronger than in 2023. But breaking down responses by country shows a vast disparity between responses.

Here are the percentage of respondents who agreed with the following statement: “The global economy will be stronger in 2024 than it was in 2023.” We also note the change in percentage points (p.p.) compared with the same question a year prior.

CountryAgreeChange (Year-over-year)
🇮🇳 India85%+12 p.p.
🇮🇩 Indonesia82%+14 p.p.
🇨🇳 China82%+4 p.p.
🇵🇭 Philippines74%N/A
🇹🇭 Thailand68%+4 p.p.
🇲🇾 Malaysia62%+8 p.p.
🇲🇽 Mexico62%+6 p.p.
🇧🇷 Brazil60%-13 p.p.
🇸🇬 Singapore59%+4 p.p.
🇵🇱 Poland56%+20 p.p.
🇳🇿 New Zealand56%N/A
🇨🇴 Colombia54%+5 p.p.
🇨🇱 Chile51%+8 p.p.
🇵🇪 Peru51%-3 p.p.
🇦🇷 Argentina51%+3 p.p.
🇿🇦 South Africa49%+2 p.p.
🇦🇺 Australia48%+7 p.p.
🇭🇺 Hungary46%+15 p.p.
🇷🇴 Romania45%+8 p.p.
🇺🇸 United States45%+3 p.p.
🇪🇸 Spain44%+8 p.p.
🇳🇱 Netherlands44%+12 p.p.
🇹🇷 Türkiye43%0 p.p.
🇬🇧 Great Britain43%+11 p.p.
🇨🇭 Switzerland43%+8 p.p.
🇮🇹 Italy40%+8 p.p.
🇩🇪 Germany40%+3 p.p.
🇨🇦 Canada39%+2 p.p.
🇸🇪 Sweden34%+1 p.p.
🇫🇷 France33%+4 p.p.
🇰🇷 South Korea33%-5 p.p.
🇵🇹 Portugal33%N/A
🇯🇵 Japan30%0 p.p.
🌍 Global average50%+4 p.p.

At the top, India, Indonesia, and China stood as being the most confident about 2024’s economic prospects. 85% of Indian respondents agreed that the global economy will be stronger in 2024 than in 2023, while 82% of Chinese and Indonesian respondents felt the same.

Regional disparities also become evident, with Asian countries making up the top five most confident countries and seven out of the top nine. In fact, South Korea and Japan were the only Asian countries surveyed that were not feeling confident, with Japanese respondents being the least confident (30%) and South Koreans tied for the second-least confident (33%).

Countries in South America ranged from Brazil having a high of 60% of respondents agree with 2024 being stronger than 2023 to Chile having a “low” of 51%. North American countries were more split, with Mexico feeling more confident and Canada feeling less confident.

Lastly, Europe stood out as being the least confident in the global economy in 2024. Only Poland (56%) had more than 50% agree that this year would be better than the last, while major economies like Germany (40%) and France (33%) sat closer to the bottom of the table.

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