IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.11% USD/MXN 17.34 ▼ 0.09% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.40% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,409 ▼ 0.04% USD/UYU 40.13 ▲ 1.48% USD/PYG 5,998 ▲ 0.75% USD/BOB 6.86 ▲ 1.86% USD/DOP 58.15 ▲ 0.09% USD/CRC 451.23 ▲ 2.15% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.63 ▲ 0.46% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.09% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,442 ▼ 0.42% ETH 1,997 ▼ 1.12% SOL 81.47 ▼ 1.31% XRP 1.32 ▼ 1.01% BNB 707.55 ▼ 1.45% ADA 0.23 ▼ 1.21% DOGE 0.10 ▼ 0.96% AVAX 8.83 ▼ 1.05% LINK 9.03 ▼ 1.48% DOT 1.16 ▼ 1.95% LTC 51.56 ▼ 1.50% BCH 300.74 ▼ 0.73% TRX 0.35 ▲ 0.57% XLM 0.24 ▲ 6.22% HBAR 0.10 ▲ 0.45% NEAR 2.24 ▼ 0.17% ATOM 1.92 ▼ 4.49% AAVE 81.29 ▼ 1.63% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.07% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.25 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1660 ▲ 0.04% GBP/USD 1.3457 ▲ 0.10% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3786 ▼ 0.01% US10Y 4.4530 ▼ 0.04% IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.11% USD/MXN 17.34 ▼ 0.09% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.40% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,409 ▼ 0.04% USD/UYU 40.13 ▲ 1.48% USD/PYG 5,998 ▲ 0.75% USD/BOB 6.86 ▲ 1.86% USD/DOP 58.15 ▲ 0.09% USD/CRC 451.23 ▲ 2.15% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.63 ▲ 0.46% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.09% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,442 ▼ 0.42% ETH 1,997 ▼ 1.12% SOL 81.47 ▼ 1.31% XRP 1.32 ▼ 1.01% BNB 707.55 ▼ 1.45% ADA 0.23 ▼ 1.21% DOGE 0.10 ▼ 0.96% AVAX 8.83 ▼ 1.05% LINK 9.03 ▼ 1.48% DOT 1.16 ▼ 1.95% LTC 51.56 ▼ 1.50% BCH 300.74 ▼ 0.73% TRX 0.35 ▲ 0.57% XLM 0.24 ▲ 6.22% HBAR 0.10 ▲ 0.45% NEAR 2.24 ▼ 0.17% ATOM 1.92 ▼ 4.49% AAVE 81.29 ▼ 1.63% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.07% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.25 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1660 ▲ 0.04% GBP/USD 1.3457 ▲ 0.10% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3786 ▼ 0.01% US10Y 4.4530 ▼ 0.04%
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Brazil no longer has the most fragmented legislature in the world

By · July 8, 2023 · 2 min read

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According to election data analyzed by political scientists, Belgium has taken over from Brazil as the country with the most fragmented House of Representatives.

The researchers used the Effective Party Number (NEP) as an indicator to measure the fragmentation of the Chamber of Deputies.

Brazil’s NEP has significantly decreased. It was 16.5 after the 2018 elections but dropped to 9.2 in 2022, considering federations as a single party.

The latest comparison with data from all countries confirms that Brazil is no longer in the lead.

Brazil no longer has the most fragmented legislature in the world. (Photo Internet reproduction)
Brazil no longer has the most fragmented legislature in the world. (Photo Internet reproduction)

Apart from Belgium and Brazil, Bosnia, Colombia, the Netherlands, Malaysia, Indonesia, Denmark, Guatemala, and Israel occupy the remaining ranks in the world’s top 10 most fragmented parliaments.

This reduction in fragmentation in Brazil can be attributed to changes in legislation that have made it more difficult for small parties.

The end of proportional coalitions and implementation of a performance clause have contributed to this decline.

The inability to form coalitions has diminished the bargaining power of small parties, reducing their chances of electing representatives.

Consequently, the number of parties in the Chamber of Deputies has decreased.

In 2022, Brazil had 19 party federations with members in the House, the lowest number since 1986.

The trend of fewer parties is expected to continue until the 2030 election when the performance clause reaches its maximum requirements.

Parties that fail to meet these criteria will lose access to the Party Fund and TV time.

Reducing party fragmentation is expected to make the Brazilian political system more functional.

However, challenges remain, such as the ideological bench of the left being reduced and the president losing control over the budget, which affects negotiations with the legislature.

It is worth noting that the Supreme Court’s decision to overturn the performance clause in 2006 and subsequent delays in improving the party system have impacted Brazil’s political landscape.

Nonetheless, reducing fragmentation is considered an important step toward strengthening democracy in the country.

With information from Poder360

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