Brazilian Economy Shows Resilience; Top Companies Invest in Growth

Brazil's economy has shown resilience in 2022 with growth in private consumption, services, retail sales, and real wages.

Top companies include Vale S.A. in mining, Ambev S.A. in beverages, and Petrobras in oil and gas. Petrobras plans major investment in offshore pre-salt oil.

Other major companies span energy, steel, telecoms, healthcare, car rental, pulp/paper, banking and electrical equipment.

Market caps range from $4.1 billion for food producer BRF S.A. up to $319 billion for Petrobras.

Petrobras, Vale, Ambev, Itaú Unibanco and Bradesco are the 5 most valuable Brazilian companies by market cap heading into 2024.