IBOV 169,019 ▼ 0.77% IPSA 10,273 ▼ 0.30% IPC MEX 66,141 ▼ 1.86% MERVAL 3,084,617 ▼ 2.83% COLCAP 2,192.97 ▼ 1.58% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.15 ▼ 0.33% USD/MXN 17.46 ▼ 0.02% USD/CLP 912.70 ▲ 1.95% USD/COP 3,590 ▼ 0.13% USD/PEN 3.47 ▼ 0.01% USD/ARS 1,441 ▼ 0.02% USD/UYU 40.26 — 0.00% USD/PYG 6,083 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.21 — 0.00% USD/CRC 458.41 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.64 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 566.26 ▼ 0.13% USD/PAB 1.00 ▲ 2.28% USD/BZD 2.00 ▲ 1.70% USD/JMD 156.99 ▲ 0.28% USD/TTD 6.66 ▲ 0.35% EUR/BRL 5.96 ▲ 1.14% BRENT 93.09 ▼ 2.04% WTI 90.54 ▼ 2.69% IRON ORE 161.91 — — COPPER 6.29 ▼ 3.47% GOLD 4,365 ▼ 2.47% SILVER 69.10 ▼ 6.34% SOY 1,122 ▼ 0.71% CORN 417.50 ▼ 1.65% WHEAT 580.00 ▼ 0.30% COFFEE 246.65 ▼ 0.20% SUGAR 14.12 ▼ 1.05% ORANGE JUICE 159.20 ▼ 5.46% COTTON 77.28 ▲ 3.19% COCOA 3,823 ▼ 3.58% BEEF 241.65 ▼ 3.02% CATTLE 353.90 ▲ 0.15% LITHIUM 78.30 ▼ 5.98% PETR4 40.89 ▼ 0.87% VALE3 78.70 ▼ 3.78% ITUB4 38.83 ▲ 0.28% BBDC4 17.47 ▲ 0.58% ABEV3 16.17 ▲ 0.62% BBAS3 19.17 ▼ 1.84% B3SA3 15.41 ▼ 0.71% WEGE3 42.46 ▲ 1.63% PRIO3 61.12 ▼ 2.35% SUZB3 41.74 ▲ 1.26% RENT3 40.58 ▲ 0.35% AZZA3 17.13 ▼ 1.44% CSAN3 3.59 ▲ 0.28% RAIZ4 0.40 ▲ 2.56% PCAR3 1.68 ▲ 9.09% GMAT3 4.08 ▼ 2.86% PSSA3 47.81 ▼ 0.73% CVCB3 1.45 ▼ 2.03% POSI3 3.66 ▼ 2.40% SLCE3 14.81 ▼ 1.13% NATU3 9.72 ▼ 0.82% BRKM5 8.78 ▼ 6.89% RANI3 7.85 ▼ 0.63% CSNA3 6.00 ▼ 10.18% CMIN3 4.37 ▼ 2.89% USIM5 11.31 ▼ 1.31% GGBR4 23.48 ▼ 2.69% ENEV3 23.89 ▼ 1.40% NEOE3 33.80 — 0.00% CPFE3 42.69 ▼ 1.41% CMIG4 10.88 ▲ 0.18% EQTL3 38.91 ▼ 2.26% LREN3 14.89 ▲ 1.71% VIVT3 32.95 ▼ 2.37% RAIL3 13.94 ▲ 0.36% KLABIN 17.05 ▲ 1.73% RAIA DROGASIL 17.46 ▼ 0.29% RDOR3 32.76 ▼ 1.06% HAPV3 10.94 ▼ 2.50% FLRY3 14.75 ▲ 0.34% SMTO3 16.88 ▼ 2.43% UGPA3 24.96 ▲ 0.16% VBBR3 28.89 ▼ 2.00% BBSE3 35.39 ▲ 1.00% BPAC11 50.65 ▼ 0.12% CURY3 28.70 ▼ 2.55% AERI3 2.34 ▲ 1.30% VIVARA 20.42 ▼ 0.39% COMPASS 25.50 ▼ 1.12% VAMOS 2.95 ▲ 0.34% SANB11 26.73 ▲ 0.04% ASAI3 8.62 ▼ 1.93% SBSP3 27.34 ▲ 0.40% WALMEX 51.11 ▼ 0.74% GMEXICO 202.25 ▼ 4.26% FEMSA 214.10 ▲ 1.26% CEMEX 21.71 ▼ 3.25% GFNORTE 177.08 ▼ 1.34% BIMBO 55.78 ▼ 2.31% TELEVISA 9.21 ▼ 1.29% AMX 21.68 ▼ 0.82% GAP 398.75 ▼ 3.47% ASUR 282.14 ▼ 3.64% OMA 211.83 ▼ 1.64% KOF 185.04 ▲ 0.27% GRUMA 288.01 ▼ 0.97% KIMBER 36.92 ▼ 1.91% SQM-B 69,340 ▼ 0.45% COPEC 6,105 ▼ 0.16% BSANTANDER 68.70 ▲ 0.87% FALABELLA 5,511 ▼ 1.13% ENELAM 75.35 ▼ 1.58% CENCOSUD 2,110 ▼ 2.31% CMPC 1,040 ▼ 0.95% BANCO CHILE 165.21 ▼ 0.18% LATAM AIR 22.12 ▼ 0.63% YPF 81,075 ▼ 3.31% GGAL 7,215 ▼ 1.70% PAMPA 4,940 ▼ 3.80% TXAR 686.50 ▼ 1.86% ALUAR 976.00 ▼ 3.27% TGS 8,935 ▼ 3.35% CEPU 2,226 ▼ 2.24% MIRGOR 16,425 ▼ 3.38% COME 44.51 ▼ 5.92% LOMA NEGRA 3,360 ▼ 2.82% BYMA 288.00 ▼ 1.87% TELECOM ARG 3,983 ▼ 0.81% ECOPETROL 15.15 ▼ 3.13% BANCOLOMBIA 70.88 ▼ 2.00% GRUPO AVAL 4.80 ▼ 2.04% CREDICORP 322.50 ▼ 1.23% SOUTHERN COPPER 172.97 ▼ 10.88% BUENAVENTURA 30.26 ▼ 11.70% MERCADOLIBRE 1,608 ▼ 1.65% NUBANK 11.97 ▼ 1.24% XP 15.34 ▼ 1.92% PAGSEGURO 8.53 ▼ 3.18% STONE 10.40 ▼ 3.35% GLOBANT 38.30 ▼ 3.23% TECNOGLASS 42.35 ▼ 0.91% GAP AIRPORT 228.80 ▼ 4.52% ASUR 282.14 ▼ 3.64% OMA AIRPORT 97.01 ▼ 2.76% AMX ADR 24.84 ▼ 1.97% FEMSA ADR 122.88 ▲ 0.29% CEMEX ADR 12.48 ▼ 3.55% PETROBRAS ADR 17.75 ▼ 1.72% VALE ADR 15.23 ▼ 3.42% ITAU ADR 7.54 ▼ 1.31% SANTANDER BR 5.24 ▼ 2.15% AMBEV ADR 3.12 ▲ 0.32% CSN 1.18 ▼ 9.23% GERDAU 4.59 ▼ 2.55% LATAM ADR 48.32 ▼ 2.80% BTC 62,232 ▲ 2.24% ETH 1,635 ▲ 4.24% SOL 65.46 ▲ 5.26% XRP 1.14 ▲ 4.55% BNB 595.30 ▲ 3.62% ADA 0.16 ▲ 3.97% DOGE 0.09 ▲ 3.93% AVAX 6.72 ▲ 0.74% LINK 7.75 ▲ 4.79% DOT 0.97 ▲ 2.78% LTC 42.09 ▲ 1.82% BCH 224.86 ▲ 3.44% TRX 0.33 ▲ 1.03% XLM 0.21 ▼ 2.83% HBAR 0.08 ▲ 1.99% NEAR 2.03 ▲ 8.91% ATOM 1.68 ▲ 3.42% AAVE 62.99 ▲ 3.39% SELIC 14.50% EMBRAER 72.33 ▲ 3.82% EMBRAER ADR 56.68 ▲ 0.30% JBS 12.24 ▲ 0.25% JBS BDR 62.50 ▲ 4.34% MBRF3 15.76 ▼ 0.13% MBRFY 3.09 ▼ 2.22% INTER 5.67 ▼ 1.56% EGX 52,165 ▼ 0.76% USD/ZAR 16.55 ▲ 1.63% USD/NGN 1,359 ▲ 0.05% NIKKEI 66,588 ▼ 1.31% CSI300 4,817 ▼ 1.79% HSI 24,962 ▼ 1.15% NIFTY 23,367 ▼ 0.21% KOSPI 8,161 ▼ 5.54% JCI 5,595 ▼ 4.20% USD/JPY 160.29 ▲ 0.21% USD/CNY 6.7650 ▼ 0.12% DAX 24,759 ▼ 0.75% CAC 8,218 ▼ 0.32% FTSE 10,368 ▲ 0.07% MIB 49,893 ▼ 0.56% IBEX 18,345 ▲ 0.38% STOXX 622.66 ▼ 0.29% EUR/USD 1.1527 ▼ 0.80% GBP/USD 1.3337 ▼ 0.68% SPX 7,384 ▼ 2.64% DJI 50,867 ▼ 1.35% NDX 28,958 ▼ 4.77% RUT 2,834 ▼ 3.47% TSX 34,413 ▼ 2.28% VIX 21.51 ▲ 39.68% USD/CAD 1.3933 ▲ 0.22% US10Y 4.5360 ▲ 1.32% IBOV 169,019 ▼ 0.77% IPSA 10,273 ▼ 0.30% IPC MEX 66,141 ▼ 1.86% MERVAL 3,084,617 ▼ 2.83% COLCAP 2,192.97 ▼ 1.58% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.15 ▼ 0.33% USD/MXN 17.46 ▼ 0.02% USD/CLP 912.70 ▲ 1.95% USD/COP 3,590 ▼ 0.13% USD/PEN 3.47 ▼ 0.01% USD/ARS 1,441 ▼ 0.02% USD/UYU 40.26 — 0.00% USD/PYG 6,083 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.21 — 0.00% USD/CRC 458.41 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.64 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 566.26 ▼ 0.13% USD/PAB 1.00 ▲ 2.28% USD/BZD 2.00 ▲ 1.70% USD/JMD 156.99 ▲ 0.28% USD/TTD 6.66 ▲ 0.35% EUR/BRL 5.96 ▲ 1.14% BRENT 93.09 ▼ 2.04% WTI 90.54 ▼ 2.69% IRON ORE 161.91 — — COPPER 6.29 ▼ 3.47% GOLD 4,365 ▼ 2.47% SILVER 69.10 ▼ 6.34% SOY 1,122 ▼ 0.71% CORN 417.50 ▼ 1.65% WHEAT 580.00 ▼ 0.30% COFFEE 246.65 ▼ 0.20% SUGAR 14.12 ▼ 1.05% ORANGE JUICE 159.20 ▼ 5.46% COTTON 77.28 ▲ 3.19% COCOA 3,823 ▼ 3.58% BEEF 241.65 ▼ 3.02% CATTLE 353.90 ▲ 0.15% LITHIUM 78.30 ▼ 5.98% PETR4 40.89 ▼ 0.87% VALE3 78.70 ▼ 3.78% ITUB4 38.83 ▲ 0.28% BBDC4 17.47 ▲ 0.58% ABEV3 16.17 ▲ 0.62% BBAS3 19.17 ▼ 1.84% B3SA3 15.41 ▼ 0.71% WEGE3 42.46 ▲ 1.63% PRIO3 61.12 ▼ 2.35% SUZB3 41.74 ▲ 1.26% RENT3 40.58 ▲ 0.35% AZZA3 17.13 ▼ 1.44% CSAN3 3.59 ▲ 0.28% RAIZ4 0.40 ▲ 2.56% PCAR3 1.68 ▲ 9.09% GMAT3 4.08 ▼ 2.86% PSSA3 47.81 ▼ 0.73% CVCB3 1.45 ▼ 2.03% POSI3 3.66 ▼ 2.40% SLCE3 14.81 ▼ 1.13% NATU3 9.72 ▼ 0.82% BRKM5 8.78 ▼ 6.89% RANI3 7.85 ▼ 0.63% CSNA3 6.00 ▼ 10.18% CMIN3 4.37 ▼ 2.89% USIM5 11.31 ▼ 1.31% GGBR4 23.48 ▼ 2.69% ENEV3 23.89 ▼ 1.40% NEOE3 33.80 — 0.00% CPFE3 42.69 ▼ 1.41% CMIG4 10.88 ▲ 0.18% EQTL3 38.91 ▼ 2.26% LREN3 14.89 ▲ 1.71% VIVT3 32.95 ▼ 2.37% RAIL3 13.94 ▲ 0.36% KLABIN 17.05 ▲ 1.73% RAIA DROGASIL 17.46 ▼ 0.29% RDOR3 32.76 ▼ 1.06% HAPV3 10.94 ▼ 2.50% FLRY3 14.75 ▲ 0.34% SMTO3 16.88 ▼ 2.43% UGPA3 24.96 ▲ 0.16% VBBR3 28.89 ▼ 2.00% BBSE3 35.39 ▲ 1.00% BPAC11 50.65 ▼ 0.12% CURY3 28.70 ▼ 2.55% AERI3 2.34 ▲ 1.30% VIVARA 20.42 ▼ 0.39% COMPASS 25.50 ▼ 1.12% VAMOS 2.95 ▲ 0.34% SANB11 26.73 ▲ 0.04% ASAI3 8.62 ▼ 1.93% SBSP3 27.34 ▲ 0.40% WALMEX 51.11 ▼ 0.74% GMEXICO 202.25 ▼ 4.26% FEMSA 214.10 ▲ 1.26% CEMEX 21.71 ▼ 3.25% GFNORTE 177.08 ▼ 1.34% BIMBO 55.78 ▼ 2.31% TELEVISA 9.21 ▼ 1.29% AMX 21.68 ▼ 0.82% GAP 398.75 ▼ 3.47% ASUR 282.14 ▼ 3.64% OMA 211.83 ▼ 1.64% KOF 185.04 ▲ 0.27% GRUMA 288.01 ▼ 0.97% KIMBER 36.92 ▼ 1.91% SQM-B 69,340 ▼ 0.45% COPEC 6,105 ▼ 0.16% BSANTANDER 68.70 ▲ 0.87% FALABELLA 5,511 ▼ 1.13% ENELAM 75.35 ▼ 1.58% CENCOSUD 2,110 ▼ 2.31% CMPC 1,040 ▼ 0.95% BANCO CHILE 165.21 ▼ 0.18% LATAM AIR 22.12 ▼ 0.63% YPF 81,075 ▼ 3.31% GGAL 7,215 ▼ 1.70% PAMPA 4,940 ▼ 3.80% TXAR 686.50 ▼ 1.86% ALUAR 976.00 ▼ 3.27% TGS 8,935 ▼ 3.35% CEPU 2,226 ▼ 2.24% MIRGOR 16,425 ▼ 3.38% COME 44.51 ▼ 5.92% LOMA NEGRA 3,360 ▼ 2.82% BYMA 288.00 ▼ 1.87% TELECOM ARG 3,983 ▼ 0.81% ECOPETROL 15.15 ▼ 3.13% BANCOLOMBIA 70.88 ▼ 2.00% GRUPO AVAL 4.80 ▼ 2.04% CREDICORP 322.50 ▼ 1.23% SOUTHERN COPPER 172.97 ▼ 10.88% BUENAVENTURA 30.26 ▼ 11.70% MERCADOLIBRE 1,608 ▼ 1.65% NUBANK 11.97 ▼ 1.24% XP 15.34 ▼ 1.92% PAGSEGURO 8.53 ▼ 3.18% STONE 10.40 ▼ 3.35% GLOBANT 38.30 ▼ 3.23% TECNOGLASS 42.35 ▼ 0.91% GAP AIRPORT 228.80 ▼ 4.52% ASUR 282.14 ▼ 3.64% OMA AIRPORT 97.01 ▼ 2.76% AMX ADR 24.84 ▼ 1.97% FEMSA ADR 122.88 ▲ 0.29% CEMEX ADR 12.48 ▼ 3.55% PETROBRAS ADR 17.75 ▼ 1.72% VALE ADR 15.23 ▼ 3.42% ITAU ADR 7.54 ▼ 1.31% SANTANDER BR 5.24 ▼ 2.15% AMBEV ADR 3.12 ▲ 0.32% CSN 1.18 ▼ 9.23% GERDAU 4.59 ▼ 2.55% LATAM ADR 48.32 ▼ 2.80% BTC 62,232 ▲ 2.24% ETH 1,635 ▲ 4.24% SOL 65.46 ▲ 5.26% XRP 1.14 ▲ 4.55% BNB 595.30 ▲ 3.62% ADA 0.16 ▲ 3.97% DOGE 0.09 ▲ 3.93% AVAX 6.72 ▲ 0.74% LINK 7.75 ▲ 4.79% DOT 0.97 ▲ 2.78% LTC 42.09 ▲ 1.82% BCH 224.86 ▲ 3.44% TRX 0.33 ▲ 1.03% XLM 0.21 ▼ 2.83% HBAR 0.08 ▲ 1.99% NEAR 2.03 ▲ 8.91% ATOM 1.68 ▲ 3.42% AAVE 62.99 ▲ 3.39% SELIC 14.50% EMBRAER 72.33 ▲ 3.82% EMBRAER ADR 56.68 ▲ 0.30% JBS 12.24 ▲ 0.25% JBS BDR 62.50 ▲ 4.34% MBRF3 15.76 ▼ 0.13% MBRFY 3.09 ▼ 2.22% INTER 5.67 ▼ 1.56% EGX 52,165 ▼ 0.76% USD/ZAR 16.55 ▲ 1.63% USD/NGN 1,359 ▲ 0.05% NIKKEI 66,588 ▼ 1.31% CSI300 4,817 ▼ 1.79% HSI 24,962 ▼ 1.15% NIFTY 23,367 ▼ 0.21% KOSPI 8,161 ▼ 5.54% JCI 5,595 ▼ 4.20% USD/JPY 160.29 ▲ 0.21% USD/CNY 6.7650 ▼ 0.12% DAX 24,759 ▼ 0.75% CAC 8,218 ▼ 0.32% FTSE 10,368 ▲ 0.07% MIB 49,893 ▼ 0.56% IBEX 18,345 ▲ 0.38% STOXX 622.66 ▼ 0.29% EUR/USD 1.1527 ▼ 0.80% GBP/USD 1.3337 ▼ 0.68% SPX 7,384 ▼ 2.64% DJI 50,867 ▼ 1.35% NDX 28,958 ▼ 4.77% RUT 2,834 ▼ 3.47% TSX 34,413 ▼ 2.28% VIX 21.51 ▲ 39.68% USD/CAD 1.3933 ▲ 0.22% US10Y 4.5360 ▲ 1.32%
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Unprecedented Emigration: Brazil’s Brightest and Youngest Seek Opportunities Abroad

By · March 31, 2024 · 2 min read

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Today, the number of Brazilians living abroad hits a historic high of 4.5 million, outnumbering the population of the Paraíba state.

Between 2012 and 2022, over 2.6 million Brazilians have left their homeland, with notable increases during the crisis years of 2013 and 2020.

This trend, widespread among the youth and skilled professionals, poses a challenge for Brazil, which is now dealing with an aging population and a scarcity of skilled labor in crucial sectors like research and innovation.

Data from 2022 shows that 45% of these expatriates reside in North America, 32% in Europe, and 14% in neighboring South American countries.

A survey conducted in 2022 revealed that 76% of young Brazilians in 12 capitals aspire to leave the country permanently, a sentiment more pronounced among 15- to 19-year-olds at 85%.

André Linhares, a lawyer specializing in U.S. migration, pointed to a 2016 legal change that simplified obtaining permanent visas, fueling the migration boom.

Unprecedented Emigration: Brazil's Brightest and Youngest Seek Opportunities Abroad. (Photo Internet reproduction)
Unprecedented Emigration: Brazil’s Brightest and Youngest Seek Opportunities Abroad. (Photo Internet reproduction)
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Unlike before, when a job guarantee was necessary, applicants now only need to show potential employment opportunities.

Since the 1990s, the profile of Brazilian emigrants to the USA has evolved from those seeking financial opportunities to affluent citizens and investors pursuing a better quality of life.

“Usually, it’s a family-oriented Brazilian seeking a brighter future for their children,” Linhares notes.

Economically, the diaspora appears beneficial due to the financial support flowing back to Brazil.

In 2022, Brazil saw a record 4.7 billion reais ($950 million) in foreign personal remittances, making up 0.47% of the GDP.

This figure, though modest compared to the remittances champion Mexico ($63 billion), still represents Brazil’s highest recorded level.

Unprecedented Emigration: Brazil’s Brightest and Youngest Seek Opportunities Abroad

However, Victor do Prado from Cebri warns of the downsides, such as lost consumer spending and tax revenue.

The departure of a significant portion of the workforce, especially in strategic sectors, presents a considerable “brain drain” challenge.

Historian Renata Geraissati links the appeal of countries such as the USA to network migration, where early settlers facilitate the arrival of later migrants by offering information and support.

This cycle reinforces the migration trend, assisting new arrivals until they are established.

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