Value of Brazil Companies Up 130% in 2009. Compare this to 28% in the US

Bovespa, Brazil The aggregate value of Brazilian listed companies rose by almost 130% in 2009, according to a study disclosed by consultancy company Economática. According to the research, the 304 companies listed in the São Paulo Stock Exchange (Bovespa) were worth US$ 533.6 billion in December 2008.

With the good performance of the Brazilian capital markets in 2009, their market value reached US$ 1.224 trillion at the end of December.

In this area, Brazil presented the largest percentage and nominal growth this year among the countries in Latin America and the United States. According to Economática, the market value of the 704 Latin-American countries grew 94.7% and reached US$ 2.08 trillion in December 2009.

In the US, the companies that are included in the S&P 500 index appreciated by 28.1% in the same comparison, and ended the year with an aggregate market value of US$ 10.354 trillion.

Although the percentile growth for the US was smaller, the nominal expansion in comparison with December 2008 was US$ 2.273 trillion, more than the value of all Latin-American companies together.

In the case of Brazil, the sector that grew most was building, whose companies ended the year with a market value of US$ 30.6 billion, expansion of 368% in comparison with December 2008.

The sector with the greatest participation in the total, however, is the banking sector, with a market value of US$ 259.6 billion, growth of 126% in comparison with the last month of 2008.

Anba

Tags:

Ads

You May Also Like

Brazilian President Visits UK. End of Farm Subsidies in the Agenda.

Brazilian President Luiz Inácio Lula da Silva will be in the United Kingdom between ...

Brazil Wants 2-Year ‘Quarantine’ for Civil Servants

Brazil’s Federal Inspector General’s Office (CGU) proposes that the current four-month “quarantine” (waiting period) ...

Brazil Still Needs to Invest a Lot to Get a Real Electronic Government

Marta Maurás, secretary of the United Nations Economic Commission on Latin America and the ...

Brazil produces some of its own AIDS drugs

US AIDS Group Hails Brazil for Breaking Merck’s AIDS Drug Patent

AIDS Healthcare Foundation (AHF), the US' largest provider of HIV/AIDS healthcare, education and prevention ...

A Brazilian Social Cooperative Finds Customers in Europe

Cooperárvore, a social cooperative that is part of the Árvore da Vida (Tree of ...

Brazil Movies Are Having a Rebirth. You Can Check at a Theater Near You

Film production in Brazil has jumped to over 70 feature films a year and ...

Lula Urges Confidence for Brazil to Get New Markets

Beginning in June, typical Brazilian items, such as coffee and thongs, will be sold ...

A Silver Lining for Brazil’s Agriculture: the Stronger Dollar

Agribusiness in Brazil has already been affected by the economic crisis, but at a ...

Death Penalty: UN Backs Brazil and 9 Others’ Call for Executions Moratorium

Today the UN General Assembly endorsed the call for a worldwide moratorium on executions ...

Getting Brazil Close to Arabs Is a Lula’s Pet Project

The South America – Arab Countries Summit crowns two years of mutual efforts to ...