Total assets abroad
US$—bn
— vs end-—
BCB CBE
Data panel · Brazil cross-border wealth
Brazilian capital abroad
Brazilian residents declared US$—bn of assets abroad at the end of —, up — in a year. Half of it (—) belongs to just — declarants holding over US$1bn each, and the main destinations are holding hubs: —, — and —.
Declarants (US$1m+ abroad)
—
— individuals · — companies
BCB CBE
Held by individuals
US$—bn
— in a year · — of total
BCB CBE
Average per individual
US$—m
Companies: US$—m each
BCB CBE
USD millionaires in Brazil
—
— new in a year (—)
UBS Global Wealth Report
Net millionaire migration
—
2025 forecast; 6th-largest net loss
Henley & Partners
01 · Holdings
How much is abroad, and who holds it
Declared position at each 31 December, in US$ billions.
Assets abroad by type
Direct investment equity (stakes in companies and holding vehicles, including real estate) dominates. Portfolio holdings jumped in the latest year.
- Direct investment – equity
- Intercompany loans
- Portfolio (shares, funds, bonds)
- Deposits, loans, derivatives & other
Number of declarants
Individuals vs companies. The drop in 2020 is a rule change, not an exodus: the reporting threshold rose from US$100,000 to US$1m.
- Individuals
- Companies
Concentration by size of holding
Share of declarants vs share of value in each band. Most declarants hold US$1–10m; most of the money sits with a few large holders.
- Share of declarants
- Share of value
The band up to US$1m holds US$—bn but its declarants are not counted: they file only because their total crosses US$1m elsewhere, or are companies.
02 · Destinations
Where the money goes
Country of the investee company, debtor, issuer or bank. Covers — of the total; loans, trade credits, derivatives and other assets have no country split.
Top 15 destinations, all asset types
US$ millions. Colour shows region; Switzerland in bold.
Top destinations by asset type
US$ millions, top 12 countries. Switzerland highlighted in red.
By region
Share of country-allocated assets.
Where Brazilian equity investors were, 2019
Number of investors with direct equity stakes per country. BCB stopped publishing this count after the 2019 survey.
All countries
US$ millions. Select a column to sort. Real estate is shown separately but is already part of direct investment equity, so it is not added to the total.
03 · Switzerland
Switzerland in the picture
What Brazilian residents hold in Switzerland, by asset type, in US$ millions. Rank is among all countries for that asset type in the latest year.
Brazilian assets in Switzerland
| Asset type | — | — | — | Rank | Share |
|---|
Intercompany lending to Swiss entities, most likely trading and treasury affiliates of Brazilian groups, is the big item: Switzerland ranks #— worldwide there. Private-banking assets are much smaller: Switzerland ranks #— for bank deposits.
Swiss signals from other sources
- US$—m
- Regularised in Switzerland under the 2016–17 RERCT amnesty, —% of the total (4th after BVI, Panama, Bahamas)
- —
- Brazilian investors with direct equity stakes in Switzerland, 2019 (last published count)
- —
- Forecast net millionaire inflow to Switzerland, 2025 (Henley)
- —
- Switzerland's Wealth Mobility Competitiveness Score 2026, vs Brazil at — (Henley)
04 · Wealth & migration
Wealth and migration context
How big the pool of Brazilian private wealth is, and where wealthy people are moving.
USD millionaires
Brazil is Latin America's largest millionaire market. UBS Global Wealth Report 2026, p. 22.
Brazil wealth profile
- —
- Adults with US$5m–100m (UBS, p. 32); the US$5–10m band grew — a year since 2000
- —
- Wealth Gini, 4th most unequal of 56 markets (UBS, p. 28)
- —
- Financial assets as share of gross wealth; debt is —, the highest in the sample (UBS, p. 18)
- —
- Change in average wealth per adult in USD, 2025 (UBS, p. 16)
- —
- Brazil HNWI wealth growth 2025; HNWI population — (Capgemini, p. 15)
- US$—tn
- Latin America HNWI financial wealth, —; —m HNWIs (Capgemini, pp. 12–13)
Net millionaire migration, 2025 forecast
Henley Private Wealth Migration Report 2025. Brazil (green) is the largest loser in Latin America; the 2026 edition dropped flow estimates.
Wealth Mobility Competitiveness Score 2026
Henley Private Wealth Migration Report 2026, out of 100. A structural score, not a flow measure. Brazil is grouped with markets facing "persistent structural challenges".
05 · Rules & context
Exporters' accounts, amnesty and rules
Exporters' accounts abroad
Year-end balance kept abroad by Brazilian exporters, US$ millions. In — they received US$—m of export revenue abroad and paid out US$—m from those accounts.
Assets regularised under RERCT, by country
2016–17 tax amnesty, US$ millions, top 10 of US$—m. Shows where undeclared money had been kept.
Rules that shape these numbers
Latest balance-of-payments update
- US$—bn
- Brazil's total external assets at Dec 2025, revised with the CBE results (BCB, 28 Sep 2026). Includes the central bank's reserves.
- US$—bn
- Net new direct investment abroad in 2025 (revised)
- US$—bn
- Net new portfolio investment abroad in 2025 (revised)
- US$—bn
- International reserves, — (BCB series 3546, refreshed automatically)
06 · Method
Definitions, sources and refresh
Definitions and gaps
- CBE survey
- Banco Central do Brasil's annual census of assets held abroad by Brazilian residents (individuals and companies). Filing is mandatory for anyone holding US$1m or more abroad at 31 December; holders of US$100m+ also file quarterly.
- "People with accounts abroad"
- The CBE counts declarants, not all account holders. Since the 2020 data-base only holders of US$1m+ must file, so residents with smaller foreign accounts are not counted anywhere in this data. Before 2020 the threshold was US$100,000, which is why counts before and after are not comparable.
- Direct investment – equity
- Stakes of 10% or more in foreign companies, valued at market where possible, including holding companies and real estate held directly. The country is the immediate investee, so a BVI or Dutch holding company is recorded there even if its assets are elsewhere.
- Intercompany loans
- Loans and trade credit from Brazilian parents to their foreign affiliates, by country of the debtor.
- Portfolio
- Foreign shares, investment funds (including BDRs) and bonds held below the 10% threshold, by issuer country.
- Confidential cells
- BCB suppresses cells with fewer than three declarants. These are treated as missing, so some country totals are slightly understated.
- What is left out
- Receita Federal tax-return counts of residents declaring foreign assets; crypto held on foreign exchanges where not declared; assets of Brazilians who have changed tax residence.
- Confidence
- High for BCB figures (official census). Medium for UBS and Capgemini (modelled estimates). Low–medium for Henley flow figures (modelled forecasts by New World Wealth, not counts).
Sources and refresh
The panel is reviewed every 6 months (mid-January after the CBE results, mid-July after the June wealth reports). BCB series refresh automatically; report figures are updated by hand.